December 1, 2022
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Utilization of Regional Revitalization Support Tax System(Corporate Version Hometown Tax Donation) by the Asset Manager
Activia Properties Inc. (“API”) announces that TLC REIT Management Inc. (“TRM”), to which API entrusts
its asset management operations, donated to Hokkaido Prefecture and Kyoto City (the “Donation”) utilizing
Regional Revitalization Support Tax System (corporate version hometown tax payment).
Details are as follows:
1. Significance of the Donation
Based on the Sustainability Policies established to implement initiatives to contribute to the development of asustainable society, TRM identified core issues to be addressed (the “Materiality”), which are shared with API.
“Contribution to the local communities” is one of the Materiality and the Donation was made as part of initiatives
to the Materiality. Through the Donation, we would like to further enhance the relationship between TRM, APIand the local communities and promote our contribution to the local communities.
2. Outline of the Donation
Hokkaido Prefecture, where API owns a property, is again soliciting donations to “Ale to Northern MedicalCare!” (Note 1) in this fiscal year, a campaign to support medical and healthcare workers and provide medicalequipment. TRM previously donated to the campaign in December 2020 and December 2021 (Note 2). As part ofits contribution to the local community, TRM made its third donation this year to the medical technician supportproject.
Moreover, Kyoto City, where API owns a property, is soliciting donations to the Kyoto City’s SDGs Future
City Promotion Plan (the “Plan”), which uses the corporate version of the hometown tax system. TRM donated to“Project Carbon Neutrality by 2050 – Toward a sustainable society living in harmony with the environment (Note3)”, which aims to promote comprehensive energy-saving measures and wide use of renewable energy throughlifestyle changes to support the Plan’s goal of a decarbonized society, and to preserve the biodiversity that makesup Kyoto’s nature and culture. As environmental considerations are one of TRM’s sustainability policies, TRM
has shared and donated recently to the initiatives undertaken by Kyoto City as part of its contribution to the localcommunity.

13. Outlook
As the Donation was made by TRM, there will be no impact on the API’s management performance for thefiscal period ending May 31, 2023 (the 23rd period, from December 1, 2022 to May 31, 2023).

(Note 1) Hokkaido Government HP regarding "Ale to Northern
Medical Care!" (in Japanese):https://www.pref.hokkaido.lg.jp/hf/kst/ale_hokkaido.html(Note 2) Hokkaido Government HP regarding the introduction of thedonors of the " Ale to Northern Medical Care!" (inJapanese):https://www.pref.hokkaido.lg.jp/hf/kst/kifu001.html(Note 3) Kyoto City Government HP regarding "Project Carbon
Neutrality by 2050 – Toward a sustainable society living inharmony with the environment" (in Japanese):https://www.city.kyoto.lg.jp/gyozai/page/0000269163.html*Website of API: https://www.activia-reit.co.jp/en/2