For Translation Purposes Only

FINANCIAL REPORT FOR FISCAL PERIOD ENDED February 28, 2009
(September 1, 2008 through February 28, 2009)
April 15, 2009
Name of Issuer of Real Estate Investment Trust:LCP Investment Corporation

Stock Exchange:

Tokyo Stock Exchange

Code Number:

8980

URL:

http://www.lcp-reit.co.jp

Location of Head Office:Date of Board Meeting for Settlement of Accounts:

Tokyo(Asset Management Company)
LCP REIT Advisors Co., Ltd.
Responsible Person: Yuji Kubo
Title: Director, Financial Department
Tel: +81-3-3272-7311
April 15, 2009

Commencement Date of Payment of Dividends:

May 22, 2009 (Scheduled)

Inquiries to:

1. Performance for Fiscal Period Ended February 28, 2009 (September 1, 2008 through February 28, 2009)(Note: Amounts less than one million yen have been omitted.）(1) Operating Results(Million yen, unless otherwise stated)
Operating Revenue

Operating Income

Ordinary Income

Fiscal Period Ended
February 28, 2009

2,791(△15.8%)1,006(△39.5%)317(△68.4%)

Fiscal Period Ended
August 31, 2008

3,313(△7.2%)

1,663(△16.3%)

1,006(△30.0%)

Net Income

Net Incomeper Unit(Yen)

Return on
Unit Holders’Equity (ROE)

Ordinary
Incometo Total Assets

Ordinary Income toOperating Revenues

Fiscal Period Ended
February 28, 2009316(△68.5%)

3,448

0.8%

0.3%

11.4%

Fiscal Period Ended
August 31, 2008

1,005(△30.0%)10,951

2.4%

1.0%

30.4%

(Notes) Net income per unit is calculated by utilizing the average number of investment units for the period.
The average number of investment units for the fiscal period ended February 28, 2009 was 91,800 units.
The average number of investment units for the fiscal period ended August 31, 2008 was 91,800 units.

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2009.
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

(2) Distribution
Distribution
per Unit
(Yen)

Total
Distribution(Million yen)

Fiscal Period Ended
February 28, 2009

3,448

316

Fiscal Period Ended
August 31, 2008

10,951

1,005

Distribution
Ratio toUnitholders’EquityTotal Distribution
in Excess ofEarnings(Million yen)

PayoutRatio00100.0%

0.8%

00

100.0%

2.4%

Distribution in
Excess ofEarnings per Unit(Yen)

Note: The payout ratio is rounded off to the first decimal place.
(3) Financial Position(Million yen, unless otherwise stated)
Total Unit Holders’EquityTotal Assets

Unit Holders’ Equity to
Total Assets

Unit Holders’ Equity per
Investment Unit (Yen)

Fiscal Period Ended
February 28, 2009

94,83540,63942.9%442,698

Fiscal Period Ended
August 31, 2008

96,891

41,32842.7%

450,201

Note: Shareholders’ equity as of February 28, 2009 is 40,639 million yen.
Shareholders’ equity as of August 31, 2008 is 41,328 million yen.
(4) Cash Flow Results(Million yen, unless otherwise stated)

Cash Flow From
Operating Activities

Cash Flow From
Investing Activities

Cash Flow From
Financing Activities

Cash and Cash Equivalents
at End of Fiscal Period

Fiscal Period Ended
February 28, 2009

1,709

△51

△2,1694,391

Fiscal Period Ended
August 31, 2008

5,757

△186

△5,5784,902

2. Forecast of Results for Next Fiscal Period (March 1, 2009 through August 31, 2009)(Million yen, unless otherwise stated)

Operating Revenue

Operating Income Ordinary IncomeNet Income

Distributionper Unit(Yen)Distribution in
Excess ofEarnings perUnit (Yen)

Fiscal Period Ending
2,676(9.5%)
325 (2.5％)324 (2.5％)
3,500(△4.1%) 1,101
August 31, 2009
(Reference) Estimated net income per unit for the next fiscal period ending August 31, 2009: 3,500 yen
3. Others(1) Changes in accounting policies(i) Changes due to accounting standards : Yes(ii) Other changes : None(2) Investment units outstanding(i) Investment units outstanding (including units owned by PRI) at fiscal period-ends:
91,800 units as of February 28, 2009; 91,800 units as of August 31, 2008(ii) Investment units owned by LCP at fiscal period-ends:
0 unit as of February 28, 2009; 0 unit as of August 31, 2008

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2009.
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

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