Green Bond Fact Sheet

Mitsubishi Estate

Date: 13-Jun-2018

Issue date: 26-Jun-2018 Maturity date: 26-Jun-2023 Tenor: 5Issuer Name

Mitsubishi Estate

Amount Issued

JPY10bn(USD91m)

Country of riskJapan

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

GA1 R&I (Japan)☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Proceed allocation and publicly disclosed each year until full allocation. Information
regarding the application progress on DBJ Green Building Certification (during construction)and the energy consumption (J/kl), energy consumption by use (%), CO2 emission (t), water
consumption (m3), waste generated (kg) and recycling rate will be disclosed annually either
on the issuer’s website or its CSR report.

Mitsubishi Estate Company is a comprehensive real estate company in Japan. Thecompany, across Japan and globally, operates in a wide range of segments such as
office rental buildings, lifestyle property business focusing on development andrental of commercial and logistics facilities, residential business focusing on sales ofcondominiums and custom-built housing, international business, investment
management business, hotels and real estate services.

Firsts, records andcertifications
Proceeds description

The deal will finance the construction of the Tokyo Tokiwabashi Project Tower-A,
which will mainly be comprised of offices, stores and parking areas. The project isexpected to receive 4 or 5 stars under the DBJ Green Building Certification.

Climate Bonds view

A minimum 4-star DBJ Green Building Certification is on the high-end of thecertification scale. Targeting top-level energy performance would be a furtherbenefit.

Underwriters

Mitsubishi UFJ

Deal comments
Credit Rating

A2 (Moody’s), A+ (S&P), AA- (R&I)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign