Translation Purposes Only
April 28, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-1-1 Akasaka, Minato-ku, TokyoXYMAX REIT Investment Corporation(XYMAX REIT)
Representative:
Shotaro Kanemitsu, Executive Director(Securities Code: 3488)
Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation
Representative:
Shotaro Kanemitsu
Representative Director and President
Contact:
Tatsuya Nakayama
Head of REIT Management Division
TEL: +81-3-5544-6880

Notice Concerning Changes in Organization in the Asset Management Company
XYMAX REAL ESTATE INVESTMENT ADVISORS Corporation (hereinafter the “Asset Management Company”), to which
XYMAX REIT Investment Corporation (hereinafter “XYMAX REIT”) entrusts the management of its assets, announces
today it resolved the changes in organization in the Asset Management Company. Details are as follows;

1. Changes in Organization(1) Content of change
Asset Management Company merges Business Planning Division with REIT Management Division for thepurpose of improving operational effectiveness of management of REIT business of XYMAX REIT.
(2) Date of change
May 1, 2022
*The organization charts (before and after the change) of the Asset Management Company are shown in
Attachment 1 & 2, and the duties of REIT Management Division after the merger are also described in
Attachment 3 herewith.

Required procedures such as notification etc. of the above changes will be conducted in accordance with the provisionsof the Financial Instruments and Exchange Act, and other applicable laws and regulations.
XYMAX REIT website address: https://xymaxreit.co.jp/en/index.html

Attachment 1
Organizational Chart of the Asset Management Company
Before Change

General Meeting of Shareholders
Board of Directors

Auditor

Representative Director
Private Investment Management Department
Business Development DivisionREIT Management Division
Business Planning Division
Business Administration Division
Compliance OfficeCompliance Committee
REIT Compliance Committee
Investment Committee
REIT Investment Committee
Internal Audit TeamAttachment 2
Organizational Chart of the Asset Management Company

After Change

General Meeting of Shareholders
Board of Directors

Auditor

Representative Director
Private Investment Management Department
Business Development Division
REIT Management Division
Business Administration Division

Compliance OfficeCompliance Committee
REIT Compliance Committee
Investment Committee
REIT Investment Committee
Internal Audit TeamAttachment 3
Main Duties of DivisionDivision
REIT Management Division

Description of Duties(1) Overall operation and management of XYMAX REIT and its business
1. Establishment of investment policies of XYMAX REIT, including operational andinvestment guidelines

2. Counting information management of XYMAX REIT’s operation
3. Management of financing and cash operations of XYMAX REIT
4. Public relations and IR related activities of XYMAX REIT
5. Promotion of XYMAX REIT’s ESG related initiatives and activities(2) Operation and management of the assets owned by XYMAX REIT
1. Establishment of operation policies and operating budget by an assetfor the assets owned by XYMAX REIT
2. Regular operation of the assets owned by XYMAX REIT
3. Acquisition and disposition of real estate and other specified assets forXYMAX REIT
(3) Customer management and maintenance of its data base(4) Management of sensitive corporate information(5) Execution of works related to the duties set forth (1) to (4) above