Translation of Japanese Original
September 10, 2019
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 “Green Star” Rating in the GRESB Real Estate Assessment:
Acquired “4 Stars” in GRESB Rating
Kenedix Office Investment Corporation (“the Investment Corporation”) has announced that it acquired a“Green Star” rating in the 2019 GRESB Real Estate Assessment for the eighth consecutive year and earned“4 Stars” in GRESB Rating, which is calculated globally relative to the performance of reporting entities.
1. “Green Star” and “4 Stars” Rating
The Investment Corporation received a “Green Star” rating in the 2019 GRESB Real Estate Assessment for theeighth consecutive year. “Green Star” ratings are awarded to the participants who carry out the excellent efforts
on both “management and policy” and “implementation and measurement” in terms of sustainability.
The Investment Corporation also earned “4 Stars” (five-star scale) in GRESB Rating, which is calculated globallyrelative to the performance of reporting entities.
The Investment Corporation’s following efforts for improving sustainability performance were evaluated in the2019 GRESB Real Estate Assessment.
-Promotion of energy-saving in its own properties to achieve reduction targets of medium-and-long term
energy consumption-Improvement of environmental indicator performances such as energy consumption and active
acquisition of environmental 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 that measures ESG considerations in the real estate
sector. More than 100 companies of investor/bank members (Total assets under management of approx. USD22trillion (approx. JPY2,376 trillion assuming USD1 = JPY108) as of September 5, 2019) have used GRESB data
to select and dialogue with investment targets.
There were 1,005 listed and unlisted real estate companies and funds worldwide that participated in the 2019GRESB 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 externalinstitutions. In addition, the Investment Corporation has expanded its initiatives according to diversified socialneeds, such as participating in supplemental assessments of the GRESB Real Estate Assessment that have been
newly established as “Health & Well-being Module” focusing on consideration for health and comfort of tenants
and employees and “Resilience Module” assessing management and adaptation capabilities for shocks andstressors such as earthquake, climate changes and environmental and social 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 September 10, 2019. However,no assurance or warranties are given for the completeness or accuracy of this English translation.

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