For Translation Purposes Only

September 10, 2019
For Immediate Release
Infrastructure Fund Issuer
Takara Leben Infrastructure Fund, Inc.
Representative:
Masahide Kikuchi,
Management Company
Takara Asset Management Co., Ltd.
Representative:
Mamoru Takahashi,Contact:

Masahide Kikuchi,

Executive Director
Securities Code: 9281

President & CEO
Vice President & Director ofInfrastructure Fund
Division., Investment
Management Department
TEL: +81-3-6262-6402

Notice concerning Results of the GRESB Infrastructure Assessment: Recognized as Sector Leader for Asia Region
Takara Leben Infrastructure Fund, Inc., (hereinafter referred as the “Investment Corporation”) hereby announcesthat it has achieved the rating 4 Stars out of 5 Stars in the 2019 GRESB Infrastructure Assessment and also
recognized as Sector Leader for Asia region.
1. Overview of the GRESB Sector Leader Awards Program
The GRESB Sector Leader Awards Program recognizes real estate and infrastructure companies, funds and assets thathave demonstrated outstanding leadership in sustainability. The Investment Corporation has recognized as the first
infrastructure fund in Japan to be recognized as Sector Leader for Asia Region.

2. About the GRESB Infrastructure Assessment Result
The Investment Corporation was ranked 1st in Asia (from 9 peers) and 2nd in worldwide (from 20 peers) in the Renewable
Power peer group in a Fund Assessment since our performances for “third party review of ESG disclosure” and “ESGperformance targets” were highly evaluated.

In addition, our infrastructures assets and their operator, Takara Leben Co., Ltd., has been recognized for the quality of its
policy and disclosure and its stakeholder engagement and achieved the rating 4 Stars out of 5 Stars an Asset Assessment
which is a comparative-based assessment.

3. About the GRESB Infrastructure Assessment
GRESB is an organization and an annual ESG benchmark assessment, established by European major pension funds,
which have taken the leading role in developing and launching the UN Principles for Responsible Investment, thatmeasures ESG performance of real assets.

As of September 2019, more than 100 institutional investors, with USD 22 trillion AUM, use GRESB data to monitor theirinvestments and engage with their managers.

The GRESB Infrastructure Assessment, which was released in 2016, is the ESG benchmark divided into a FundAssessment for infrastructure funds and an Asset Assessment for infrastructure assets or operating companies. In 2019,107 funds and 393 assets participated the GRESB Infrastructure Assessment.

For more information about GRESB and the GRESB Infrastructure Assessment, please visit the official website ofGRESB: https://gresb.com/

4. ESG Commitment
Takara Leben Group, which the Investment Corporation and Takara Asset Management Co., Ltd. (hereinafterreferred as the “Asset Management”) belongs to, defines our corporate identity as “THINK HAPPINESS AND
MAKE THE HAPPINESS”, and aims to contribute to “Urban development which all people can have a life withpeace of mind”.

The Investment Corporation and the Asset Management define the basic principles as a contribution to the creationof the earth-friendly and sustainable environment. And we aim to create value through utilizing natural energy andcontribute to the creation of employment and economic development as well as measures against global warming
and improvement of energy self-sufficient rate in the community.

The Investment Corporation and the Asset Management continuously engage in ESG issues in our daily business
operation concretely and proactively, considering that achievement of our basic principles and realization of asustainable society are conducive to the enhancement of shareholder’s value

Our commitment on ESG：http://tif9281.co.jp/en/sustainability.html

End.
Our website: http://tif9281.co.jp/en/