February 17, 2011
To All Concerned Parties
Name of REIT Issuer:
Invincible Investment Corporation
Naoki Shibatsuji, Executive Director
Nihon-bashi Nishikawa Bldg.
1-5-3 Nihon-bashi, Chuo-ku, Tokyo, Japan(Securities code: 8963)
URL: http://www.invincible-inv.co.jp/eng/
Asset Manager:
Consonant Investment Management Co., Ltd.
Naoki Shibatsuji, CEOContact: Michiko Ishibachi,Manager in charge of Investor Relations(Tel. +81-3-3272-7311)

Notice concerning Revision of Forecasted Distribution
for the 15th Fiscal Period Ended December 31, 2010
Invincible Investment Corporation (INV) announces the revision of its forecasted distribution per unit
for the 15th Fiscal Period Ended December 31, 2010 (January 1, 2010 to December 31, 2010)
announced in the press release titled “Notice concerning Revision of Forecasted Distribution for 15thFiscal Period Ending December 2010” dated September 28, 2010. Details are as follows.
1. Revision of Forecasted Distribution for the 15th Fiscal Period (Jan.1, 2010 to Dec. 31, 2010)
Distribution per Unit
Exceeding Profit(Excluding exceeding profit
Distribution Per Unit
distribution per unit)
Pervious Forecast( Sep. 28, 2010)(A)

Revised Forecast(B)

Variance(B-A)

Rate of Variance

JPY

JPY

JPY－435
JPY

JPY

－35%

(B-A)/(A)8.8(Ref.) Actual Results for the 14th FiscalPeriod (Jul.1, 2009 to Dec.31, 2009)(Note 1)

JPY

－400

JPY

4,928%－
JPY－

Issued investment units: 636,695
Following upon the merger of Invincible Investment Corporation (“INV”) and LCP Investment
Corporation (“LCP”) effective February 1, 2010, the first fiscal period (15th fiscal period) including
the effective date of the merger is from January 1, 2010 to December 31, 2010.
Also, in conjunction with the merger with LCP, INV split one investment unit into five units with therecord date for allocation being January 31, 2010 and effective date of the split February 1, 2010.

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(Note 2)(Note 3)Figures in (Ref.) Actual Results for the 14th Fiscal Period Ended December 31, 2009 (July 1, 2009
to December 31, 2009) were the amounts before the merger with LCP.
Figures are rounded down to the indicated unit and percentages are rounded to one decimal
place.

2. Reason for Revision
As most of the results of performance for the 15th Fiscal Period (January 1, 2010 to December 31,2010) have become clear during the course of closing procedures, the revision to the forecasted
distribution has decided to be made at this time due to the fact that a review of the forecast revealed
that a 5% or more change is expected from the previously announced forecasted distribution for the15th Fiscal Period.
<Main reasons>Compared to the previous forecast as of September 28, 2010, “Rental Revenues” are expected todecrease. On the other hand, “Finance Related Costs” are expected to decrease.

3. Future Forecasts
The fixed distribution for the 15th Fiscal Period (January 1, 2010 to December 31, 2010) and the forecastof results for the 16th Fiscal Period Ending June 30, 2011 (January 1, 2011 to June 30, 2011) will beannounced in the Financial Summary for the 15th Fiscal Period.
In addition, the announcement of the Financial Summary for the 15th Fiscal Period is scheduled to bemade on February 24, 2011(Note)
The above is a forecast of the performance and the distribution made as of the date of release andmay differ from the actual distribution. This forecast does not provide any guarantees.

Note: This English language notice is a translation of the Japanese language notice on INV’s website
released on February 17, 2011 and was prepared solely for the convenience of, and reference by,
non-Japanese investors. No warranties or assurance are given for its accuracy or completeness of thisEnglish translation.

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