Translation of Japanese Original
November 14, 2022
To All Concerned Parties
REIT Issuer:
Kenedix Office Investment Corporation
Hikaru Teramoto, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Strategic Planning,
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Change of President & CEO and Important Employee of the Asset Management Company, andChange of Executive Director of the Investment Corporation

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced that the Board of Directors ofKenedix Real Estate Fund Management, Inc. (“the Asset Management Company”), the asset management company for theInvestment Corporation, was held today and decided to propose agenda on appointment of President & CEO at the Boardof Directors of the Asset Management Company to be held on January 4, 2023, and the change in important employee.
Furthermore, Hikaru Teramoto is scheduled to be proposed as the candidate for President & CEO at the aforementioned
Board of Directors of the Asset Management Company. In addition, the Investment Corporation announced the change ofExecutive Director of the Investment Corporation. The details are provided as follow.

1.

Change of President & CEO and Important Employee of the Asset Management Company(1) Change of President & CEO
Newly appointed President & CEO

Hikaru Teramoto(Note) (as of January 4, 2023)

Previously appointed President & CEO

Masahiko Tajima (as of January 4, 2023)(2) Change of Important Employee (as of January 4, 2023)
Position

Newly Appointed

Previously Appointed

Director and COO, Head of Office REIT
Department

Hiroaki Momoi(Note)

Hikaru Teramoto

Head of Strategic Planning, Office REIT
Department and General Manager (OfficeREIT) of Strategic Planning Department

Tomoya Shigaki（Note）

Hiroaki Momoi

Note: Please refer to the Attached Material for the brief personal history.

12.

Change of Executive Director of the Investment Corporation
The Investment Corporation today received the offer of resignation of the Executive Director as of January 3, 2023
from Hikaru Teramoto, the current Executive Director. Thus, Hiroaki Momoi, the Alternate Executive Director, willtake up the Executive Director as of January 4, 2023.

3.

Newly appointed Executive Director

Hiroaki Momoi (as of January 4, 2023)

Previously appointed Executive Director

Hikaru Teramoto (as of January 3, 2023)Others
The change complies with the Financial Instrument and Exchange Law, the Building Lots and Buildings Transaction
Business Law and other applicable laws and regulations. Asset Management Company will carry out all necessary
notifications and other procedures.

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 14, 2022.
However, no assurance or warranties are given for the completeness or accuracy of this English translation.

2Attachment
Brief Personal History of Newly Appointed President & CEO
Position
President & CEO

NameHikaru
Teramoto

Main Brief Personal History (Company name etc. at that time)
April 1994
The Sakura Bank, LimitedJuly 2000

Sakura Securities Co., Ltd.

April 2001

Daiwa Securities SMBC Co. Ltd.

September 2007

Goldman Sachs Japan Co., Ltd.

June 2010

Goldman Sachs Realty Japan, Ltd.

June 2012

March 2017

Section Head of Finance, Financial Planning Department,
Kenedix REIT Management, Inc.
Director, Head of Financial Planning Department, Kenedix
REIT Management, Inc.
Head of Planning Division, KRI Fund Department, Kenedix
Real Estate Fund Management, Inc.
Head of Planning Division, Office REIT Department, Kenedix
Real Estate Fund Management, Inc.
Head of Corporate Planning Department, Kenedix, Inc.

March 2017

Director, Japan Senior Living Partners Co., Ltd. (part-time)

March 2017

Director, CRE REIT Advisers, Inc. (part-time)

September 2017

Director, Kenedix Property Management, Inc. (part-time)

September 2017

Director, Kenedix Engineering, Inc. (part-time)

October 2017

Director, CRE, Inc. (part-time)

March 2019

Executive Officer, Head of Corporate Planning Department,
Kenedix, Inc.
General Manager, Corporate Department, Kenedix Real Estate
Fund Management, Inc.
Director and COO,
Head of Office REIT Department, Head of CorporateDepartment, Kenedix Real Estate Fund Management, Inc.
(current position*)
Executive Director, Kenedix Office Investment Corporation(current position*)
President & CEO, Kenedix Real Estate Fund Management,Inc. (scheduled)

August 2012
October 2013
February 2014

August 2021
November 2021

February 2022
January 2023
* The leave from the position is scheduled on January 3, 2023.

3

Brief Personal History of Newly Appointed Director and COO, Head of Office REIT Department
Position
Director and COO,
Head of Office REIT
Department

NameHiroakiMomoi

Main Brief Personal History (Company name etc. at that time)
Real Estate Investment Department,April 1999
Nippon Life Insurance Company
May 2008
Secured Capital Japan Co., Ltd.
August 2014

Manager of Planning Division, Office REIT Department andFinance & Accounting Department, Kenedix Real Estate FundManagement, Inc.
Senior Manager of Planning Division, Office REIT Department
and Finance & Accounting Department, Kenedix Real Estate
Fund Management, Inc.
Head of Planning Division, Office REIT Department, Kenedix
Real Estate Fund Management, Inc.
Head of Strategic Planning, Office REIT Department andGeneral Manager (Office REIT) of Strategic Planning
Department, Kenedix Real Estate Fund Management, Inc.
Executive Director, Kenedix Office Investment CorporationJanuary 2017

April 2018
November 2021

November 2021

Head of Strategic Planning, Office REIT Department andGeneral Manager (Office REIT) of Strategic Planning
Department, Kenedix Real Estate Fund Management, Inc.
(current position*)
Director and COO,
Head of Office REIT Department, Kenedix Real Estate FundManagement, Inc. (to be inaugurated)
Executive Director, Kenedix Office Investment Corporation(scheduled)

May 2022

January 2023

January 2023
* The leave from the position is scheduled on January 3, 2023.

Brief Personal History of Newly Appointed Head of Strategic Planning, Office REIT Department
Position
Head of StrategicPlanning, Office REIT
Department and General
Manager (Office REIT)
of Strategic Planning
Department and Head ofFinance & AccountingDivision

NameTomoya
Shigaki

Main Brief Personal History (Company name etc. at that time)
April 2003
ORIX Corporation
March 2018

ORIX Asset Management Corporation
Finance and IR Department
Senior Manager of Finance & Accounting Department,
Kenedix Real Estate Fund Management, Inc.
(current position*)
Head of Strategic Planning, Office REIT Department andGeneral Manager (Office REIT) of Strategic Planning
Department and Head of Finance & Accounting Division,
Kenedix Real Estate Fund Management, Inc. (scheduled)

January 2021

January 2023

* The leave from the position is scheduled on January 3, 2023.

4