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December 27, 2013
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Determination of Number of New Shares Issued
through Underwriter Third-Party Allotment
Ichigo Real Estate Investment Corporation (“Ichigo REIT”) announces that SMBC Nikko
Securities, the allottee of the underwriter third-party allotment that was held in tandem with thepublic offering and secondary share offering approved by Ichigo REIT’s Board of Directors on
November 15, 2013, has decided to acquire new shares as follows.
(1) Number of shares to be issued to allottee:

8,500 shares(2) Third-party allottee:

SMBC Nikko Securities Inc.

(3) Total paid-in amount (total issue amount):

492,974,500 yen (57,997 yen per share)(4) Subscription date:

January 6, 2014(5) Payment date:

January 7, 2014

In addition, Ichigo REIT completed the acquisition of assets linked to the public offering on
December 10, 2013, using the public offering proceeds received on December 3, 2013.

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding the issuance of new shares through the underwriter third-party
allotment by Ichigo Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

1Reference Information
1. The underwriter third-party allotment was approved in tandem with the public offering andsecondary share offering by Ichigo REIT’s Board of Directors on November 15, 2013. For
details, please refer to the releases “Issuance of New Shares and Secondary Share Offering” on
November 15, 2013 and “Issue Price for New Share Issuance and Over-Allotment” on
November 26, 2013.
2. Change in Number of Shares Outstanding After New IssuanceTotal number of shares outstanding at present:

1,017,823 shares

Number of shares from the Underwriter Third-Party Allotment:

8,500 shares

Total number of shares after the Underwriter Third-Party Allotment:

1,026,323 shares

3. Use of Proceeds
The proceeds of 492,974,500 yen from the underwriter third-party allotment will be used for debt
repayment. Any remaining funds will be kept as cash on hand and used for future debt repayment.
The procured funds will be deposited at banks until disbursement.

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding the issuance of new shares through the underwriter third-party
allotment by Ichigo Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

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