August 24, 2009
To All Concerned Parties
Name of REIT Issuer:
TGR Investment Inc.
Naoki Shibatsuji, Executive Director
23-3, Ichibancho, Chiyoda-ku, Tokyo, Japan(Securities Code: 8963)
URL: http://www.tgr-inv.co.jp/eng/
Asset Management Company:
GrowthREIT Advisors, Ltd.
Naoki Shibatsuji, CEOContact: Eiji Takizawa, CFO(Tel. +81-3-3238-5341)

Notice Concerning Revision of Articles of Incorporation and Appointment of Directors
TGR Investment Inc. (TGR) announces its decision, made on August 14, 2009, concerning the revisionof its Articles of Incorporation as well as appointment of directors as described below.
The following matters are subject to approval being passed at the unitholders’ meeting of TGR scheduled
for September 25, 2009.
1. Main Content and Reasons for Revision of Articles of Incorporation(1) To respond to dematerialization of investment certificates in correlation with the Law for Partial
Amendments to the Law Concerning Book-Entry Transfer of Corporate Bonds and Other Securities
for the Purpose of Streamlining the Settlement of Trades of Stocks and Other Securities taking effect,
necessary changes in the wording, etc. shall be made.
(2) The types of assets targeted for asset management shall be expanded in order to allow
investment in assets that are recognized as necessary or useful in the future based on
TGR’s basic policy for asset management.
(3) The Special Taxation Measures Law has been revised, changing the conduit requirements
of investment corporations. Accordingly, necessary changes in the wording, etc. shall bemade.
(4) Given the tremendous changes in the economic and asset management environments, thestandards for the amount and payment of asset management fees shall be changed upon areview thereof with the asset management company, with an aim to stabilize the asset
management base. Furthermore, partial revision of the Asset Management Services
Agreement, which was concluded on January 24, 2002 between TGR and its asset managementcompany, GrowthREIT Advisors, Ltd., based on the changes in the asset management fees, etc.
will be separately submitted for discussion as the second agenda of the unitholders’ meeting of TGR
to be held on September 25, 2009.
(5) Aside from the above, the numbering of Articles and other matters shall be arranged incoordination with Articles newly added or deleted. Moreover, necessary additions ordeletions of provisions, changes and clarification of expressions, and other changes in thewording shall be made.

12. Appointment of Directors
The Executive Director and the Supervisory Directors of TGR have offered to temporarily step down fromtheir posts at the end of the unitholders’ meeting of TGR to be held on September 25, 2009. Accordingly,
TGR will submit for discussion the appointment of one Executive Director and two Supervisory Directors
as an agenda of the unitholders’ meeting.
Furthermore, in preparation for a situation in which the number of Executive Directors falls short of legal
requirements, TGR will submit for discussion the appointment of one substitute Executive Director as anagenda of the unitholders’ meeting.
3. Schedule of Unitholders’ Meeting, etc.
August 14, 2009
September 10, 2009
September 25, 2009

Meeting of the Board of Directors to approve agenda to be submitted
for discussion at the unitholders’ meeting
Notice of Convocation of Unitholders’ Meeting will be sent (planned)
Unitholders’ meeting will be held (planned)

Note: This English language notice is a translation of the Japanese language notice on TGR’s website
released on August 14, 2009 and was prepared solely for the convenience of, and reference by,non-Japanese investors. No warranties or assurance are given for its accuracy or completeness of thisEnglish translation.

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