Translation of Japanese Original

October 22, 2021

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 & CEO
Inquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Change of an Executive Director at the Investment Corporation andChange of Directors, and an Important Employee at the Asset Management Company
Kenedix Office Investment Corporation (“the Investment Corporation”) has announced a change of the Executive
Director of the Investment Corporation, as follows. In addition, the Investment Corporation has announced thatthe Board of Directors of Kenedix Real Estate Fund Management, Inc. (“the Asset Management Company”), theasset management company for the Investment Corporation, was held today and decided to propose agendas on
appointment of directors at the ordinary general shareholders’ meeting of the Asset Management Company to beheld on October 28, 2021, and change an important employee relating to the management of the Investment
Corporation, as follows.

1. Change of an Executive Director at the Investment Corporation
The Investment Corporation today received the offer of resignation of the Executive Director as of October 31
from Jiro Takeda, the current Executive Director. Thus, Hiroaki Momoi, the Alternate Executive Director, willtake up the Executive Director as of November 1, 2021.
New Executive Director
Retired Executive Director

Hiroaki Momoi (Note) (as of November 1, 2021)
Jiro Takeda(as of October 31, 2021)

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

2. Change of Directors at the Asset Management Company
New Director
New Director
New DirectorHikaru Teramoto (Note) (as of November 1, 2021)
Tetsu Kawashima(Note) (as of November 1, 2021)
Atsuhiko Murata (Note) (as of November 1, 2021)

Retired Director

Jiro Takeda(as of October 31, 2021)

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

13. Change of an Important Employee (as of November 1, 2021)
Position
Director and COO, Head of Office REIT Department

New

Previous

Hikaru Teramoto(Note)

Jiro Takeda

Note: Please refer to the Attached Material for the brief personal history. The position of Hikaru Teramoto will be
Director and COO, Head of Office REIT Department and Head of Corporate Department.

4. Other
Reporting and notifications with regard to these matters will be conducted in accordance with the Financial
Instruments and Exchange Act, the Real Estate Brokerage Act, and other applicable laws and regulations.
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 October 22, 2021. However, noassurance or warranties are given for the completeness or accuracy of this English translation.

2Attached Material
The Brief Personal History of the New Executive Director
Position
Executive Director

Name
Hiroaki MomoiMain Brief Personal History (Company name etc. at that time)
Real Estate Investment Department,
April 1999
Nippon Life Insurance Company
Secured Capital Japan Co., Ltd.
May 2008
August 2014
January 2017
April 2018
November 2021

Manager of Planning Division, Office REIT
Department and Finance & Accounting Department,
Kenedix Real Estate Fund Management, 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. (currentposition)
Executive Director, Kenedix Office Investment
Corporation (to be inaugurated)

The Brief Personal History of the New Director and Head of Office REIT Department
Position
Director and COO,
Head of Office REIT
Department and Head ofCorporate Department

NameHikaru Teramoto

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

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.

August 2012
October 2013
February 2014
March 2017
March 2017
March 2017

Director, Japan Senior Living Partners Co., Ltd.
(part-time)
Director, CRE REIT Advisers, Inc. (part-time)

September 2017

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

October 2017

Director, CRE, Inc. (part-time) (current position*1)March 2019

Executive Officer, Head of Corporate Planning
Department, Kenedix, Inc.
General Manager, Corporate Department, Kenedix Real
Estate Fund Management, Inc. (current position*2)
Director and COO,
Head of Office REIT Department and Head ofCorporate Department, Kenedix Real Estate FundManagement, Inc. (to be inaugurated)

September 2017

August 2021
November 2021

*1 The leave from the position is scheduled on October 28, 2021.
*2 The leave from the position is scheduled on October 31, 2021.

3

The Brief Personal History of the New Directors
Position
Director and COO,
Head of Residential REIT
Department

NameTetsu Kawashima

Main Brief Personal History (Company name etc. at that time)
Pacific Management Corporation
April 2006
March 2009

Pacific Commercial Corporation

December 2010

Japan REIT Advisors Co., Ltd

September 2011

Strategic Investment Department, Kenedix, Inc.

February 2017

Kennedy Wilson Multifamily Management Group,
LLC (Temporary transfer)
General Manager of Business Development
Department, Kenedix, Inc.
President, Kenedix Westwood, LLC

August 2018
February 2019
December 2020
March 2021
August 2021
November 2021
November 2021

Position
Director, Head ofAcquisition Department

NameAtsuhiko Murata

General Manager of Business Development
Department, Kenedix, Inc.
Deputy Head of Residential REIT Department,
Kenedix Real Estate Fund Management, Inc.
Head of Residential REIT Department, Kenedix Real
Estate Fund Management, Inc. (current position)
Director and COO,
Head of Residential REIT Department, Kenedix Real
Estate Fund Management, Inc. (to be inaugurated)
Executive Director, Kenedix Residential Next
Investment Corporation (to be inaugurated)

Main Brief Personal History (Company name etc. at that time)
Mitsubishi Trust and Banking Corporation
April 1993
October 2005

GE Real Estate Corporation

January 2009

Real Estate, Japan GE Co., Ltd.

October 2009

Real Estate Business, Japan GE Co., Ltd.

October 2014

Head of Strategic Investment Team 2, StrategicInvestment Department, Kenedix, Inc.
Head of Strategic Investment Division 2, StrategicInvestment Department, Kenedix, Inc.
Executive Officer, Head of Strategic Investment
Division 2, Strategic Investment Department, Kenedix,
Inc. (current position*1)
Director, Head of Acquisition Department, Kenedix
Real Estate Fund Management, Inc. (to be inaugurated)

April 2017
March 2021
November 2021
*1 The leave from the position is scheduled on October 31, 2021.

4