Translation of Japanese Original
November 25, 2020
To All Concerned Parties
REIT Issuer:
Kenedix Office Investment Corporation
Jiro Takeda, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEOInquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Acquisition of “4 Stars” and “Green Star”
in the GRESB Real Estate Assessment
Kenedix Office Investment Corporation (“the Investment Corporation”) has announced that it acquired a “4Stars” in GRESB Rating, which is calculated globally relative to the performance of reporting entities , andearned a “Green Star” designation for the ninth consecutive year, in the 2020 GRESB Real Estate Assessment.
1. “4 Stars” and “Green Star”
The Investment Corporation received a “4 Stars” (five-star scale) in GRESB Rating, which is calculated globally
relative to the performance of reporting entities in the 2020 GRESB Real Estate Assessment.
The Investment Corporation also earned a “Green Star” designation for the ninth consecutive year by achieving
high performance both in “Management Component” that evaluates policies and organizational structure for ESGpromotion, and “Performance Component” that assesses environmental performance and tenant engagement ofproperties owned.
The Investment Corporation’s following efforts for improving sustainability performance were evaluated in the2020 GRESB Real Estate Assessment.

-Promotion of energy-saving in its own properties to achieve reduction targets of medium-and-long term
energy consumption-

Active acquisition of green building and energy saving certifications-

Various measures to coexistence with stakeholders such as tenants and communities

12. GRESBGRESB is an annual benchmark assessment established primarily by major European pension fund groups, which
led the Principles for Responsible Investment (PRI), in 2009.Currently, more than 100 Investor Members use
GRESB data for their investment decision-making and engagement with investees, and several institutions fromJapan including Government Pension Investment Fund (GPIF) utilize GRESB Assessment results.
In 2020, 1,229 listed or private real estate companies/funds participated in GRESB Real Estate Assessment.

GRESB’s website: https://gresb.com/
3. Initiatives for Sustainability
The Investment Corporation promotes initiatives on ESG (Environment, Social and Governance) based on“Sustainability Policies” established by the Asset Management Company.
The Investment Corporation has established the Environmental Policies and undertook environment-friendly
investment management operations, proactively using certification and assessment systems by external
institutions. In addition, the Investment Corporation has expanded its initiatives according to diversified socialneeds, such as actively participating in supplemental assessments of the GRESB Real Estate Assessment thathave been established as the voluntary “Resilience Module” assessing management and adaptation capabilitiesfor environmental and social changes with climate changes.
As a pioneering J-REIT focusing on mid-sized office buildings, the Investment Corporation will continue toadvance environmental and energy conservation measures as well as efficient energy use for its own officebuildings with the support of outside consultants, etc., and proactively promote initiatives for sustainability.
For the Investment Corporation’s environmental policies and specific efforts, please refer to the following.
The Investment Corporation’s initiatives for sustainability: https://www.kdo-reit.com/en/feature/sustainability.html

The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on November 25, 2020. However,no assurance or warranties are given for the completeness or accuracy of this English translation.

2