[For Information Purpose Only.
The Japanese language press release should be referred to as the original.]
August 7, 2015
To All Concerned Parties

Name of REIT Issuer:
Invincible Investment Corporation
Name of representative:
Naoki Fukuda, Executive Director
Roppongi Hills Mori Tower
6-10-1 Roppongi, Minato-ku, Tokyo, Japan(Securities code: 8963)
Asset manager:
Consonant Investment Management Co., Ltd.
Naoki Fukuda, CEOContact: Akiko Watanabe,Manager of Planning Department(Tel. +81-3-5411-2731)

Notice concerning Determination of the Number ofNew Investment Units to be issued through Third-party Allotment

Invincible Investment Corporation (“INV”) announced today that it has received a notice that theallottee is fully exercising its option to purchase all of INV’s new investment units scheduled to beissued through third-party allotment (the “Third-party Allotment”), which was concurrently approved
with the issuance of new investment units through public offering and secondary distribution ofinvestment units at meetings of the board of directors of INV held on June 25, 2015 and July 8,
2015, as outlined below:
Issuance of new investment units through the Third-party Allotment(1) Number of new investment units to be issued : 25,000 units(Number of units originally scheduled tobe issued: 25,000 units)(2) Amount to be paid in (issue value): 55,941 yen per unit
(3) Total amount to be paid in (total issue value) : 1,398,525,000 yen(4) Subscription period (Subscription date): August 11, 2015(5) Payment date
: August 12, 2015
(6) Allottee: A domestic underwriter<Reference>
1. The subject of issuance of new investment units through the Third-party Allotment wasapproved concurrently with the issuance of new investment units through public offering andsecondary distribution of investment units at the meetings of the board of directors of INV heldon June 25, 2015 and July 8, 2015.
For further details of the Third-party Allotment, please see the previous press releases, “NoticeThis English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred
to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be publicly offered or sold in the United States. The contemplated transaction concerned does not involve
any public offering of securities in the U.S.

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concerning Issuance of New Investment Units and Secondary Distribution of Investment Units”,
dated June 25, 2015 and “Notice concerning Determination of the Issue and Offer Prices ofInvestment Units”, dated July 8, 2015.
2. Change in the number of investment units issued and outstanding as a result of the Third-party
Allotment:
Current number of investment units issued and outstanding
3,168,686
Number of new investment units to be issued through the Third-party Allotment
25,000Total number of issued investment units after the Third-party Allotment
3,193,686
3. Use of proceeds from the Third-party Allotment
The proceeds from the issuance of new investment units through the Third-party Allotment(1,398,525,000 yen) will be retained as cash on hand and deposited in monetary facilities tofund future acquisitions.

This English Language notice does not constitute or form a part of any offer of securities in the United States of America. The securities referred
to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The
securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The
securities referred to above will not be publicly offered or sold in the United States. The contemplated transaction concerned does not involve
any public offering of securities in the U.S.

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