<Provisional translation>
February 23, 2018

For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Hiroshi Yoshida
General Manager, IR and Public Relations Department
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Review of Information Sharing-Related Agreement in Line with Reorganization ofReal Estate Business at Sponsor Group
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) hereby notifies that Hankyu REIT Asset Management, Inc., theasset management company that Hankyu REIT has selected to manage its assets (hereafter the “AssetManagement Company”), reviewed the information sharing-related agreement at its Board of Directors Meeting
held today and decided to conclude a new memorandum on amendments to the information sharing-relatedagreement. Details are described below.

Details1.

Overview of the Review
The Asset Management Company concluded the information sharing-related agreement (hereafter the“Agreement”) with Hankyu Corporation, Hankyu Realty Co., Ltd. (Note 1) and Hankyu Investment Partners,Inc. (Note 2) on September 18, 2015. However, it has decided to conclude a memorandum on amendments
to the information sharing-related agreement (hereafter the “Memorandum on Amendments”) today in lightof changes in/additions to the signatories of the Agreement associated with the reorganization of real estatebusiness at the Hankyu Hanshin Holdings Group (Note 3), the sponsor group of Hankyu REIT. TheMemorandum on Amendments will take effect on April 1, 2018.
(Note 1) The company name is scheduled to change to Hankyu Hanshin Properties Corp. on April 1, 2018.
(Note 2) The company name is scheduled to change to Hankyu Hanshin Real Estate Investment Advisors, Inc. onApril 1, 2018.
(Note 3) Hankyu Hanshin Holdings Group refers to a business group with Hankyu Hanshin Holdings, Inc. as theholding company.

2.

Summary of the Memorandum on Amendments
The signatories of the Memorandum on Amendments shall agree to (a) Hankyu Corporation having Hankyu
Realty Co., Ltd. (Note) succeed the status as the signatory of the Agreement on April 1, 2018 following thecompany split, and (b) adding Hankyu Corporation and Hanshin Electric Railway Co., Ltd. after thecompany split to the signatories of the Agreement on the same day.
(Note) The company name is scheduled to change to Hankyu Hanshin Properties Corp. on April 1, 2018.

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Property Acquisition Structure Going Forward
The reorganization of real estate business at the sponsor group this time will further advance andaccelerate measures for the growth of the business, while consolidating the resources and know-how
thereof and establishing a structure that maximizes its comprehensive capabilities. The Asset Management
Company has shared and discussed information regarding eligible real estate with the sponsor group.
Going forward, it will continue to aim for sustainable growth through acquisition of prime properties atappropriate prices and enhancement of portfolio quality towards achieving an asset size of 200 billion yen
within 2020, which Hanky REIT has posted as its medium-term objectives, while further strengthening ties
with the sponsor group and advancing the establishment of a property acquisition deliberation system thatis more efficient and agile.
•Hankyu REIT website: http://www.hankyu-reit.jp/eng/2