February 21, 2022

To whom it may concern

Sumitomo Mitsui Finance and Leasing Company, Limited

SMFL MIRAI Partners Company, LimitedKenedix, Inc.

ARA Asset Management Limited

Joint Investment in a Singapore Property
The three companies, 1) SMFL MIRAI Partners Company, Limited (President: Tatsurou Terada;

hereafter, “SMFL MIRAI Partners”), a consolidated subsidiary of Sumitomo Mitsui Financeand Leasing Company, Limited (President: Masaki Tachibana; hereafter, “SMFL”), and 2) Kenedix,Inc. (President & CEO: Taisuke Miyajima; hereafter, “Kenedix”), a consolidated subsidiary ofSMFL, and one of its private funds under 3) ARA Asset Management Limited (CEO: Moses K.
Song; hereafter, “ARA”), an ESR Group Company, have made a joint investment in a property(“Property”) located in Singapore.

The Property, Capital Square, is a mixed-use prime office located in Raffles Place, the Central

Business District of Singapore with convenient access from major subway stations. It boasts ahigh quality, diversified tenant-mix with major financial institutions and IT companies withglobal operations as key tenants. The total investment is SGD 297 million.

Kenedix became a consolidated subsidiary of SMFL MIRAI Partners in January 2021.

Capitalizing on this opportunity, the three companies, SMFL MIRAI Partners, Kenedix and its

joint shareholder, ARA, are together engaging in investment and financing businesses in theAsian region. Singapore has a predominance in the Asian region as well as a promisingprospective for a dynamic real estate market on the back of a strong economic recovery. This

joint investment is the first transaction under the aforementioned Partnership Strategy, whereKenedix’s local subsidiary leverages its well-established asset management platform in Asia totake charge of the fund management operations and, ARA which enjoys a great track recordin the Singapore real estate market, will engage in asset management work.

SMFL set up the Asia Strategic Finance department in October 2021 to enhance its

investment and financing capabilities in the Asian region and will cultivate/promote investment
and financing businesses together with SMFL MIRAI Partners. SMFL, SMFL MIRAI Partners,Kenedix, and ARA will leverage its combined network, expertise, and strengths to realise1

synergies across the tripartite collaboration to develop the investment and financing
businesses as well as create new investment opportunities.

<Property overview>
Name

Capital Square

GFA/NLA454,823sqf (42,255 ㎡) / 394,756sqf (36,674 ㎡)

Address

No. of Floors
Year in built
Tenure21/23/25 Church Street, Singapore
16 (office) / 3 (shophouse)

1999（refurbished in 2013）

Leasehold (73 years remaining)2

<SMFL MIRAI Partners>
Company Name

SMFL MIRAI Partners Company, Limited

Representative

Tatsurou Terada, President

HQ location
EstablishedBusiness<Kenedix>

1-3-2, Maruniuchi, Chiyoda-ku, Tokyo2018Real estate related businesses, environmental energy relatedbusinesses, other financial services

Company NameKenedix, Inc.

Representative

Taisuke Miyajima, President & CEO

HQ location
Established
Business<ARA>

2-1-6, Uchisaiwai-cho, Chiyoda-ku, Tokyo
1995

Asset management, property management/operation and real estate
investments

Company Name

ARA Asset Management Limited, an ESR Group Company

Representative

Moses K. Song, Chief Executive Officer

HQ location
Established
Business

5 TEMASEK BOULEVARD #12-01, SUNTEC TOWER FIVE, SINGAPORE
2002

Real estate asset management【For information on this deal, please contact the below】
SMFL

SMFL MIRAI Partners
Kenedix
ARA Asset Management Limited

Corporate
Communications Dept.
Real Estate Business
Planning Dept.
Public Relations& Sustainability Dept.
Group CorporateDevelopment& Investor Relations.

3

Yamamoto
Morishita
Negishi
LOW
Chiew
Leng

TEL:
+81-3-5219-6334
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