<Provisional translation>

For Immediate Release

June 11, 2013

REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Yoshihiro Nakano
General Manager, Corporate Planning Dept.
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning the Determination of Prices and Other Items for the Issuance ofNew Investment Units and Secondary Offering of Investment Units
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces it has determined at the Board of Directors’ Meeting held today
the issue price, offer price and other items for the issuance of new investment units and secondary offering of investment
units that were resolved at its Board of Directors’ Meeting held on May 30, 2013. Details are described below.
1. Issuance of New Investment Units through Public Offering (primary offering)(1) Number of units to be offered:
18,000 units
469,462 yen per unit
(2) Issue price (offer price):
8,450,316,000 yen(3) Total amount of issue price (offer price):(4) Amount to be paid in (purchase price amount):
453,091 yen per unit
8,155,638,000 yen(5) Total amount to be paid in (purchase price):(6) Offering period:
from June 12, 2013 (Wed.) to June 13, 2013 (Thu.)(7) Payment date:June 18, 2013 (Tue.)(8) Delivery date:June 19, 2013 (Wed.)
Note: The underwriters underwrite and purchase the investment units for the amount to be paid in (purchase priceamount) and conduct primary offering at the issue price (offer price).
2. Secondary Offering of Investment Units (Over-allotment)(1) Number of investment units to be offered:(2) Offer price:(3) Total offer price:(6) Offering period:(7) Delivery date:

1,800 units
469,462 yen per unit
845,031,600yen
from June 12, 2013 (Wed.) to June 13, 2013 (Thu.)
June 19, 2013 (Wed.)

3. Issuance of New Investment Units through Third-Party Allotment(1) Number of units to be offered (maximum):(2) Amount to be paid in (purchase price):(3) Total amount to be paid in (purchase price) (maximum):(4) Subscription period (Subscription Date):(5) Payment date:(6) Allottee and number of units allocated:
Nomura Securities Co., Ltd.

1,800 units
453,091 yen per unit
815,563,800 yen
July 9, 2013 (Tue.)
July 10, 2013 (Wed.)
1,800 units

Disclaimer:This document is a press release to make a public announcement of the Issuance of New Investment Units and Secondary Offeringof Investment Units, and has not been prepared as a solicitation for investment. Hankyu REIT cautions investors to ensure thatthey refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units aswell as amendments thereto prepared by Hankyu REIT, if any, before undertaking investments and investments be made at theirown discretion and responsibility.

Note: Nomura Securities Co., Ltd. plans to obtain investment units by third-party allotment for the number derived bydeducting the number of units that were obtained by stabilizing transactions or the Syndicate Cover Transactions
for the purpose of returning Borrowed Investment Units from the number of units of secondary offering of theover-allotment. Accordingly, Nomura Securities Co., Ltd. may not subscribe for all or part of the number of units
issued by the Third-Party Allotment and as a result of forfeit of rights the final number of issued units by theThird-Party Allotment would decrease or the issuance itself would be cancelled.
Reference
1. Calculations of the Issue Price and Offer Price(1) Investment unit price on calculation reference date:(2) Discount rate:

June 11, 2013 (Tue.)
2.50%

481,500 yen

2. Syndicate Cover Transaction Period: from June 14, 2013 (Fri.) to July 3, 2013 (Wed.)
3. Use of the Funds to be Procured
The total amount of proceeds 8,971,201,800 yen from the primary offering of 8,155,638,000yen and the proceeds fromthe issuance of new investment units by Third-Party Allotment of 815,563,800 yen (maximum), will be allocated to theacquisition of new specified assets as indicated in the press release, “Notice Concerning Acquisition of Domestic Real
Estate Trust Beneficiary Interests” dated May 30, 2013. Funds after the allocation, if any, will be allocated to theredemption of deposit and security Hankyu REIT used for the acquisition of assets under management (Note) or to therepayment of loans.
Note: Part of deposit and security pledged by tenants at assets under management is reserved at trust accounts ascash and deposit for future redemption. However, based on the agreement with the trustee, Hankyu REIT may
use part of it, and Hankyu REIT allocates it for the redemption of part of deposit and security on trust accounts it
uses. The deposit and security Hankyu REIT uses as of April 30, 2013 is 4,059 million yen.

•The Japanese original document was distributed to Kabuto Club (the press club of Tokyo Stock Exchange), Osaka Securities
Exchange, Ministry of Land, Infrastructure, Transport and Tourism, and to the press club of the construction trade newspaperof the Ministry of Land, Infrastructure, Transport and Tourism.

•Hankyu REIT website: http://www.hankyu-reit.jp/eng/Disclaimer:This document is a press release to make a public announcement of the Issuance of New Investment Units and Secondary Offeringof Investment Units, and has not been prepared as a solicitation for investment. Hankyu REIT cautions investors to ensure thatthey refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units aswell as amendments thereto prepared by Hankyu REIT, if any, before undertaking investments and investments be made at theirown discretion and responsibility.