NEWS RELEASE

Japan Real Estate Investment CorporationFebruary 18, 2016
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Hiroshi Nakajima, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Hiroshi Katayama, CEO & President
Contact: Ryuta Yoshida,
Executive Officer, General Manager, Planning Department
Phone: +81-3-3211-7951

Notice concerning the change of the Representative Directorof the Asset Management Company
Announcement is hereby made that, in response to the resignation of the director of Japan RealEstate Asset Management Co., Ltd. (“the Corporation”) , an asset management company to which
Japan Real Estate Investment Corporation cosigns the management of the assets, the Corporation
resolved at its board of directors’ meeting held on February.18, 2016 to present to its shareholders
a proposal of resolution to appoint a new director as below at a general shareholders’ meeting bywritten consent in accordance with Article 319, paragraph (1) of the Companies Act.
Mr. Naoki Umeda, a new director to be, is going to be named as a candidate for therepresentative director, CEO & president of the Corporation at the board of directors’ meeting tobe held on April 1, 2016 after being appointed as director by the above resolution in the form ofwritten consent.
1. Retiring director as of March 31,2016 (scheduled)
Hiroshi Katayama, Representative Director, CEO & President
2. New director as of April 1,2016 (scheduled)
Naoki Umeda, Director(Scheduled to be appointed as the new representative director, CEO & President
on the same date.)
Accompanying the above change, Hiroshi Katayama will also retire as the executive officer of theCorporation as of March 31, 2016 and Mr. Naoki Umeda is going to be named as a candidate for theposition as of April 1 2016.

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NEWS RELEASE

Japan Real Estate Investment Corporation

In accordance with the provisions of the Japanese Financial Instruments and Exchange Law,change in director name will be filed with the Commissioner of the Financial Services Agency.
The career summary of the new representative director, CEO & president is as follows.
Position
RepresentativeDirector,
CEO &President(full-time)

Name
Naoki Umeda

April 1988

Main career summary
Joined Mitsubishi Estate Co.,Ltd.

April 2008

Deputy General Manager, Investment
Management Office and Deputy GeneralManager, International Business
Department

June 2008

Director, Japan Real Estate AssetManagement Co. Ltd., (part-time)

March 2009Retired as Director, Japan Real Estate
Asset Management Co. Ltd., (part-time)

April 2012

Deputy General Manager, International
Business Department

May 2013

Director & Deputy President, MEC UK
LimitedApril 2014

President & Chief Executive Officer,
MEC UK Limited and Managing Director& CEO, Mitsubishi Estate London
Limited (current)

April 2016

Transferred to Japan Real Estate AssetManagement Co. Ltd., and appointed as
Representative Director, CEO & President(scheduled)This notice is the English translation of the announcement dated February 18, 2016 in Japanese.
However, no assurance or warranties are made or given for the completeness or accuracy of thisEnglish translation.

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