August 13, 2018
To All Concerned Parties
Issuer of Real Estate Investment Trust Securities
4-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-0027
Nippon Accommodations Fund Inc.
Executive Director
Takashi Ikeda(Code Number 3226)
Investment Trust Management Company
Mitsui Fudosan Accommodations Fund Management Co., Ltd.
President and CEO
Tateyuki Ikura
Contact CFO and Director
Tetsuji Kawakami(TEL. 03-3246-3677)

Notification Concerning Acquisition of Evaluation on Environmental Considerations
Obtained from Sumitomo Mitsui Banking Corporation
Nippon Accommodations Fund Inc. (“NAF”) hereby provides notice concerning its acquisition of an “A” grade from
Sumitomo Mitsui Banking Corporation (“SMBC”) in recognition of its commitment to environmentally aware
initiatives in asset management, according to SMBC’s funding program based on an evaluation of environmental
considerations.

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Outline of SMBC’s funding program based on an evaluation of environmental considerations
In SMBC’s funding program, which is based on an evaluation of environmental considerations, corporate
efforts for taking eco-friendly measures are evaluated for the provision of loans and establishment of lending
conditions, according to evaluation criteria developed originally by SMBC and the Japan Research Institute,
Limited.

2.

Result of the evaluation
In conjunction with its initiatives for environmental considerations, NAF has received an “A” grade formaintaining a high standard in terms of the monitoring of environmental load, environmental management
and the implementation of environmental protection measures, among other efforts.
In particular, the following factors contributed to the favorable grade in the evaluation.
(1) Understanding main environment load such as electricity and water usage at owned real estate on amonthly basis and precisely analyzing factors of change such as confirming the reason for change withthe property management company when the amount differs greatly on a yearly or monthly basis.
(2) Contributing to the realization of a sustainable society by holding real estate that contributes to themitigation of and adaptation to climate change such as facilities with co-generation systems and thosethat effectively use rainwater.
(3) Urging even external parties to promote sustainability such as by adding a provision that requests torefrain from excessive use of electricity, gas and tap water to lease agreements concluded with tenants
and confirming environmental and social considerations upon selection and evaluation of externalcontractors.

For the SMBC announcement, please visit the following website.
SMBC’s website :http://www.smbc.co.jp/news/

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Future efforts by NAF
NAF and its asset management company, Mitsui Fudosan Accommodations Fund Management Co., Ltd.,in recognition of the importance of initiatives for sustainability including environmental and social
considerations, etc., will promote measures that focus on reduction of environmental load as well as
diversified affiliations and collaborations with various internal and external entities, in line with the “GroupEnvironmental Policy” and “Policy for Social Contribution Initiatives” established by the Mitsui FudosanGroup.
Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (KabutoClub) and the press club of the Ministry of Land, Infrastructure, Transport and Tourism and to the pressclub for construction publications of the Ministry of Land, Infrastructure, Transport and Tourism.

NAF website: https://www.naf-r.jp/english/

Please note that this English translation of the Japanese original document is provided solely for informationpurposes. In the event of any discrepancy between the Japanese original and this English translation, theJapanese original shall prevail.

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