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November 26, 2013
REIT Issuer
Ichigo Real Estate Investment Corporation (8975)
1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Issue Price for New Share Issuance and Over-Allotment
Ichigo Real Estate Investment Corporation (“Ichigo REIT”)’s Board of Directors has
determined the issue price, the offer price, and other items regarding the new issuance andover-allotment secondary share offering as announced on November 15, 2013.
1. Issuance of New Shares through Public Offering (Primary Offering)(1) Issue price (offer price):(2) Total issue price (total offer price):(3) Paid-in amount (issue amount):(4) Total paid-in amount (total issue amount):(5) Subscription period:(6) Payment date:(7) Delivery date:60,157 yen per share
5,113,345,000 yen
57,997 yen per share
4,929,745,000 yen
November 27, 2013 to November 28, 2013
December 3, 2013
December 4, 2013

(Note) The underwriters will use the paid-in amount (issue amount) to underwrite the shares at
the issue price (offer price).
2. Secondary Share Offering (Over-Allotment)(1) Number of shares to be offered:(2) Offer price:(3) Total offer price:(4) Subscription period:(5) Delivery date:

8,500 shares
60,157 yen per share
511,334,500 yen
November 27, 2013 to November 28, 2013
December 4, 2013

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding the issuance of new investment units and secondary offeringof investment units by Ichigo Investment Corporation, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to theInvestment Corporation's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.

13. New Shares to be Offered to the Underwriter by Way of Third-Party Allotment(1) Paid-in amount (issue amount)(2) Total paid-in amount (total issue amount) (maximum):(3) Subscription period (Subscription date):(4) Payment date:

57,997 yen per share
492,974,500 yen
January 6, 2014
January 7, 2014

(Note) If there are no subscriptions for all or a part of the shares on or before the subscription
period (subscription date) detailed above, the issuance of such shares will be cancelled.
Reference:
1. Calculation of Issue Price and Offer Price(1) Calculation reference date:(2) Share price as of the reference date (closing price):(3) Discount:

November 26, 2013
61,700 yen
2.5 %2. Syndicated Cover Transaction Period
November 29, 2013 to December 27, 2013
3. Use of Proceeds
Ichigo REIT will use the proceeds (4,929,745,000 yen) from the public offering for theacquisition of the assets detailed in the November 15, 2013 release “Asset Acquisitions andSale.” Furthermore, any proceeds (up to a maximum of 492,974,500 yen) Ichigo REIT receives
from the underwriter third-party allotment will be used for debt repayment. Any remaining
funds will be kept as cash-on-hand and used for future debt repayment.
(Note) Share issuance proceeds will be deposited at banks until disbursement.

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

Disclaimer: This translation is for informational purpose only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shallprevail. This document is an English translation of a press release for public announcement regarding the issuance of new investment units and secondary offeringof investment units by Ichigo Investment Corporation, and has not been prepared for the purpose of solicitation of investment. We caution investors to refer to theInvestment Corporation's prospectus and notice of amendments thereto, if any, without fail and to undertake investment at their own decision and responsibility.

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