December 9, 2019
For Translation Purpose Only
To All Concerned Parties

REIT Securities Issuer
Sakura Sogo REIT Investment Corporation
3-8-11 Kudan Minami, Chiyoda-ku, Tokyo
Representative:

Toru Sugihara, ExecutiveDirector(Securities Code 3473)

Asset Management Company:
Sakura Real Estate Funds Management, Inc.
Representative:
Robert Shoji Morikuni,
Representative Director andPresident
Mayumi Kobiki,
Contact:
Chief Financial Officer
Tel: +81-3-6272-6608

Notice Concerning Result of a Petition for Order of Injunction by Unitholders
Sakura Sogo REIT Investment Corporation (hereinafter “SAKURA”) and its Executive Director, Toru Sugihara havebeen subject to the following petitions for orders of injunction filed by GALAXY JREIT PTY LIMITED, a unitholderof SAKURA, as previously announced in its press releases titled “Notice Concerning Filing of an Action for Rescissionof a Resolution of Unitholders’ Meeting and a Petition for Order of Injunction by Unitholders” dated September 24,
2019, “Notice Concerning Filing of a Petition for Order of Injunction by Unitholders” dated October 7, 2019, and“Notice Concerning New Filing of a Petition for Order of Injunction by Unitholders” dated October 10, 2019(hereinafter the following petitions (1) through (3) are collectively referred to as the “Petitions”, and each, “Petition(1)”, “Petition (2)”, and “Petition (3)”).
(1) A petition for an order of injunction filed to suspend performance of duties of the executive director and toappoint an acting representative on the basis of seeking to preserve its right to seek rescission of a resolutionof a unitholders’ meeting.
(2) A petition for order of injunction filed to suspend the effects and enforcement of a resolution of a unitholders’meeting and to prohibit all acts by Executive Director Toru Sugihara aimed at SAKURA terminating its asset
management agreement with Sakura Real Estate Funds Management, Inc. on the basis of seeking to preserve
its right to seek rescission of a resolution of a unitholders’ meeting (the part regarding the prohibition of actsin this Petition (2) was later withdrawn in reaction to Petition (3), and this Petition (2) was changed to apetition only seeking to suspend the effects of resolutions on Agenda Item 3 (Termination of the AssetManagement Agreement with Sakura Real Estate Funds Management, Inc.) (hereinafter the “Resolution forTermination of the Asset Management Agreement”) and Agenda Item 4 (Execution of an AssetManagement Agreement with Star Asia Investment Management Co., Ltd.) (hereinafter the “Resolution for
Execution of a New Asset Management Agreement”) of the extraordinary unitholders’ meeting held on
August 30, 2019).
(3) A petition for order of injunction filed to prohibit all acts by the Executive Director aimed at SAKURA
terminating its asset management agreement with Sakura Real Estate Funds Management, Inc., all acts aimed
at SAKURA entering into an asset management agreement with Star Asia Investment Management Co., Ltd.,and all acts aimed at SAKURA realizing a merger with Star Asia Investment Corporation on the basis ofseeking to preserve its right to seek an injunction against illegal acts.
We hereby announce that the Tokyo District Court has determined today to dismiss Petition (2).
1.

Date on which the dismissal was determined(1) Court of determination:
Tokyo District Court(2) Date of determination:
December 9, 20192.

Unitholder who filed Petition (2)(1) Name:(2) Address:(3) Title and name of representative:

GALAXY JREIT PTY LIMITED
Level 4, 15 Lime Street, Sydney, New South Wales, Australia
Neil Richard John Perrett, Representative Member

3.

Background of the dismissal of Petition (2)The court considered that it cannot be passably satisfied that the suspension of the effect of the Resolution forTermination of the Asset Management Agreement and Executive Director Toru Sugihara’s business performance
under the Resolution for Execution of a New Asset Management Agreement is necessary to avoid extreme harm or
imminent danger that may be incurred by SAKURA, and therefore concluded that it cannot be said that there has
been prima facie showing of any need for preservation, and thereby dismissed Petition (2).

4.

Policy of SAKURA for responding to the Action and the Petition, and future outlook
SAKURA has been asserting that there are no reasonable grounds for the Petitions, and believes that a correct
decision has been made in the legal proceedings.
As of now, no judicial or other decisions have been made regarding the actions or injunctions filed in Petition (1)and Petition (3), as announced in the “Notice Concerning Filing of an Action for Rescission of a Resolution ofUnitholders’ Meeting and a Petition for Order of Injunction by Unitholder” dated September 24, 2019 and the“Notice Concerning New Filing of a Petition for Order of Injunction by Unitholder” dated October 10, 2019.
Therefore, our future policies are planned to be determined while paying attention to developments in the related
proceedings and decisions. Timely announcement will be made when the decisions have been rendered.
It is currently difficult for SAKURA to estimate any impact on its financial results.
announcement, if there are any matters to be announced.

SAKURA will make a timely

Sakura Sogo REIT Investment Corporation website address: http://sakurasogoreit.com/en/(Reference press release, etc.)
Dated 6/28/2019“Announcement Regarding the Determination to Allow Convocation of an Extraordinary
Unitholders’ Meeting”
Dated 7/4/2019“Announcement Regarding the Request by Sponsor to Add Proposal to Convocation Notice forUnitholders’ Meeting”
Dated 8/15/2019“Notice Concerning Execution of Merger Agreement by and between MIRAI Corporation and
Sakura Sogo REIT Investment Corporation (Follow-up)”
Dated 8/22/2019“Notice Concerning Execution of Merger Agreement by and between MIRAI Corporation and
Sakura Sogo REIT Investment Corporation (Follow-up II)”
Dated 8/29/2019“Notice Concerning Injunction to Unitholders’ Meeting convened by Lion Partners”
Dated 8/30/2019“Notice Concerning Resolution of the General Meeting of Unitholders Held by a Minority
Unitholder and Change in Executive Director”
Dated 9/24/2019“Notice Concerning Filing of an Action for Rescission of a Resolution of Unitholders’ Meeting
and a Petition for Order of Injunction by Unitholder”
Dated 10/7/2019“Notice Concerning Filing of a Petition for Order of Injunction by Unitholder”
Dated 10/10/2019“Notice Concerning New Filing of a Petition for Order of Injunction by Unitholder”