November 18, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Ken Takanashi, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Tetsuya Masuda, President & CEO
Contact:
Ken Takanashi, Executive Officer, General Manager,Logistics REIT Management Department
TEL: +81-3-3218-0030

Notice Concerning Determination of the Number of New Investment Units
to be Issued through the Third-party AllotmentMitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announces today that MEL received a notificationfrom Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., the allottee, that it will fully exercise its option to purchase newinvestment units originally scheduled to be issued through third-party allotment (the “Third-party Allotment”).
The purchase was approved at the meetings of MEL’s board of directors held on October 14, 2022 and October 19,
2022 for the issuance of new investment units through public offering and the secondary offering of investment units(secondary distribution via over-allotment), respectively. The details are described below.

(1) Number of investment units to be offered: 2,550 units(Number of units originally scheduled to be offered: 2,550 units)(2) Amount to be paid in (issue amount):
381,996 yen per unit
(3) Net proceeds:
974,089,800 yen(4) Application period (application date):
Monday, November 21, 2022
(5) Payment date:
Tuesday, November 22, 2022
(6) Allottee:
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

<References>
1. This issuance through the Third-party Allotment was concurrently approved at the meetings of MEL’s board ofdirectors held on October 14, 2022 and October 19, 2022, with the issuance of new investment units through publicoffering and the secondary offering (secondary distribution via over-allotment).
For more details of the Third-party Allotment, please refer to “Notice Concerning Issuance of New Investment Unitsand Secondary Offering of Investment Units” dated October 14, 2022 and “Notice Concerning Determination ofPricing and Issuance of New Investment Units and Secondary Offering of Investment Units” dated October 19, 2022.
2. Change in the Number of Investment Units Outstanding after the Third-party Allotment
Current number of issued investment units outstanding:Number of new investment units to be issued through the Third-party Allotment:
Total number of issued investment units after the Third-party Allotment:

500,935 units
2,550 units
503,485 units

Note:This press release has been prepared for the purpose of announcing to the public certain matters relating to the issuance of new investment
units through third-party allotment, and has not been prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been,
and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be
offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred
to above will not be publicly offered or sold in the United States.

13. Use of Net Proceeds from the Third-party Allotment
Net proceeds from the issuance of new investment units through the Third-party Allotment (974,089,800 yen) arescheduled to be used to fund the repayment of all or a portion of the borrowings (Note). The remainder of the net
proceeds of the Third-party Allotment will be kept as cash on hand and will be deposited with financial institutions
until the time of expenditure. Such cash on hand will be utilized to fund a portion of future acquisitions of specified
assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment Corporations of Japan) ora portion to repay borrowings.
(Note) For more details of the borrowings, please refer to “Notice Concerning Debt Financing” dated October 21, 2022.

For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit:https://mel-reit.co.jp/en/

Note:This press release has been prepared for the purpose of announcing to the public certain matters relating to the issuance of new investment
units through third-party allotment, and has not been prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been,
and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be
offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred
to above will not be publicly offered or sold in the United States.

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