Ichigo Preserves and Improves Real Estate

November 10, 2016
IssuerIchigo Green Infrastructure Investment Corporation (9282)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Mami Nagasaki, Executive Director
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Wataru Orii, President
Inquiries: Hiroto Tajitsu, Head of Business Administration
Tel: +81-3-3502-4854

Preliminary Pricing Terms of New Share Issuance
Ichigo Green Infrastructure Investment Corporation (“Ichigo Green”) hereby announces
the preliminary pricing terms for the issuance of new shares for its initial public offering(IPO) and over-allotment secondary share offering to the underwriter resolved at its
board meeting on October 24, 2016.
Preliminary pricing terms: Between JPY 95,000 and JPY 100,000 per share
ReferenceI.

Number of shares to be offered and sold through secondary offering(1)

Number of shares to be offered(2)

Number of shares to be soldthrough over-allotment
secondary share offering

47,180 shares

3,000 shares
These are the maximum number of sharesthat may be issued through theover-allotment secondary offering.
Depending on demand and other factors,
there may be cases where this number isreduced or the secondary offering itself is
not held at all. The number of shares to beoffered through the secondary offering will
be determined at the Board of Directors
meeting on the Pricing Date.

II. Book building period

November 14, 2016 to November 18, 2016

III. Pricing dateNovember 21, 2016

IV. Subscription period

November 22, 2016 to November 28, 2016

V. Payment dateNovember 30, 2016

VI. Delivery date

December 1, 2016

Disclaimer: This translation is for informational purposes 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 preliminary pricing terms of new share issuance by Ichigo
Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green’s prospectus and notice ofamendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.

1VII. Preliminary pricing terms rationale
The preliminary pricing terms have been determined in a comprehensive manner
taking into account the assets to be acquired by Ichigo Green, pricing input fromsophisticated institutional investors capable of pricing Ichigo Green’s shares, andother relevant information and factors.
VIII. The aforementioned items will be subject to procedures in accordance with theFinancial Instruments and Exchange Act of Japan.

* For further details, please refer to the press release “Issuance of New Shares andSecondary Share Offering” dated October 24, 2016.
* Distribution of this material: the Kabuto Club, the press club of the Ministry of Land,
Infrastructure, Transport, and Tourism, and the press club for construction industry
newspapers at the Ministry of Land, Infrastructure, Transport, and Tourism.

Disclaimer: This translation is for informational purposes 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 preliminary pricing terms of new share issuance by Ichigo
Green, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to Ichigo Green’s prospectus and notice of
amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.

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