<Provisional translation>
February 5, 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 the Determination of Prices and Other Items for the Issuance of New Investment Unitsand Secondary Offering of Investment Units
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) hereby announces it has determined at its Executive Meeting held
today the issue price, offer price and other items concerning the issuance of new investment units andsecondary offering of investment units that were resolved at its Executive Meeting held on January 25, 2018.
Details are described below.

Details
1. Issuance of New Investment Units through Public Offering (primary offering)(1) Issue price (offer price):
128,115 yen per unit
(2) Total issue price (total offer price):
4,996,485,000 yen(3) Amount to be paid in (purchase price):
123,844 yen per unit
(4) Total amount to be paid in (total purchase price):
4,829,916,000 yen(5) Offering period:
February 6, 2018 (Tue.) to February 7, 2018 (Wed.)(6) Payment date:February 13, 2018 (Tue.)(7) Delivery date:February 14, 2018 (Wed.)(Note) The underwriters will purchase investment units for the amount to be paid in (purchase price) andconduct primary offering at the issue price (offer price).
2. Secondary Offering of Investment Units (over-allotment)
(1)
(2)
(3)
(4)
(5)

Number of investment units to be offered:
Offer price:
Total offer price:
Offering period:
Delivery date:

2,000 units
128,115 yen per unit
256,230,000 yen
February 6, 2018 (Tue.) to February 7, 2018 (Wed.)
February 14, 2018 (Wed.)

Disclaimer: This document is a press release to make a public announcement of the Issuance of New Investment Units and Secondary
Offering of Investment Units, and has not been prepared as a solicitation for investment. Hankyu REIT advises investors to ensurethat they refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units
as well as amendments thereto prepared by Hankyu REIT before undertaking investments and investments be made at their own
discretion and responsibility.

13. Issuance of New Investment Units through Third-Party Allotment(1)

Amount to be paid in(purchase price):
123,844 yen per unit
(2) Total amount to be paid in (total purchase price)(Maximum amount):
247,688,000 yen(3) Subscription period(Subscription Date):
March 12, 2018 (Mon.)(4) Payment date:
March 13, 2018 (Tue.)(Note) If there is no subscription for investment units to be issued by the end of the above mentioned“(3) Subscription Period (Subscription Date),” issuance of such investment units shall becancelled.
<Reference>
1. Calculations of issue price and offer price(1)(2)

Calculation base date and price
Discount rate

February 5, 2018 (Mon.)
2.50%

131,400 yen

2. Syndicate Cover Transaction Period
February 8, 2018 (Thu.) to March 6, 2018 (Tue.)

3. Use of Funds to be Procured
The amount of
4,829,916,000 yen in net proceeds from the primary offering will be allocated to acquisition funds of Hankyu
REIT’s new specified asset (as defined in Paragraph 1, Article 2 of the Act on Investment Trusts andInvestment Corporations; the same applies hereafter), METS OZONE, as indicated in “Notice Concerning
Acquisition of Domestic Real Estate” dated January 25, 2018. Furthermore, if the allocation results in asurplus, such shall be held as cash on hand together with the maximum proceeds amount of 247,688,000 yen
from the issuance of new investment units through the Third-Party Allotment, deposited in a financial
institution until expenditure and allocated to funds for future acquisition of specified assets or to funds for therepayment of borrowings.
••

The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), Osaka Securities
Exchange, and the Ministry of Land, Infrastructure, Transport and Tourism, and to the press club of the construction trade
newspaper of the Ministry of Land, Infrastructure, Transport and Tourism.
Hankyu REIT website: http://www.hankyu-reit.jp/eng/Disclaimer: This document is a press release to make a public announcement of the Issuance of New Investment Units and Secondary
Offering of Investment Units, and has not been prepared as a solicitation for investment. Hankyu REIT advises investors to ensurethat they refer to the prospectus for notification of the issuance of new investment units and secondary offering of investment units
as well as amendments thereto prepared by Hankyu REIT before undertaking investments and investments be made at their own
discretion and responsibility.

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