NEWS RELEASE

Japan Real Estate Investment Corporation

March 31, 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 Executive Officers andimportant Employees in the Asset Management Company
Japan Real Estate Investment Corporation hereby announces the change of executive officers and important employees
in Japan Real Estate Asset Management Co., Ltd., the asset management company to which Japan Real Estate
Investment Corporation consigns the management of its assets, as follows:
1. Change of executive officers and important employees(1) Retiring executive officer and important employees (as of March 31, 2016)

Name
Hitoshi Yamauchi
Noriaki Ito

Position
Executive Officer, General Manager, Leasing Management Department
General Manager, Compliance Department(2) Newly appointed executive officer and important employees (as of April 1, 2016)
Name
Kiyokage Tojima
Kimika Mineta

Position
Executive Officer, General Manager, Leasing Management Department
Manager, Corporate Administration Department, Compliance Department,
Risk Management Department(3) Important employees whose titles to be changed (as of April 1, 2016)
NameKenichi Kima
Takao Awano

Position
Executive Officer, General Manager, Real Estate Investment Department
General Manager, Compliance Department

In accordance with the provisions of the Japanese Financial Instruments and Exchange Law, the above personnel
change will be filed as a change in important employees to the commissioner of the Financial Services Agency.
The career summary of the newly appointed personnel is as per the attachment.

Attachment
Career summary of the newly appointed personnel
Kiyokage Tojima
Executive Officer, General Manager, Leasing Management Department
April 1989
Joined Mitsubishi Estate Co., Ltd.
April 2007
Transferred to Mitsubishi Jisho Property Management Co., Ltd. (Note1), appointed as Deputy
General Manager, Nagoya Branch
April 2009
General Manager, Nagoya Branch
April 2013
Deputy General Manager, Property Management Department, General Manager, Building Safety
Management Office, Mitsubishi Estate Co., Ltd.
April 2014
Deputy General Manager, Office Building Management Department
April 2015
Transferred to Japan Real Estate Asset Management Co., Ltd. and appointed as Manager ofLeasing Management Department (current)
April 2016
Executive Officer, General Manager, Leasing Management Department (scheduled)(Note 1) Mitsubishi Jisho Property Management Co., Ltd. changed its name from Mitsubishi Estate Building Management Co., Ltd.
who merged with Mitsubishi Jisho Property Management Co., Ltd. as of April 1, 2014.

Kenichi Kima
Executive Officer, General Manager, Real Estate Investment Department
April 1990
Joined Dai-ichi Mutual Life Insurance Company (Note2)
April 2004
Manager, Credit Department
April 2009
Transferred to Japan Real Estate Asset Management Co., Ltd. and appointed as Manager of RealEstate Investment Department
April 2014General Manager, Real Estate Investment Department
April 2015
Joined Japan Real Estate Asset Management Co., Ltd. and appointed as General Manager of Real
Estate Investment Department (current)
April 2016
Executive Officer (scheduled)(Note2) The present “Dai-ichi Life Insurance Company, Limited”

Takao Awano
General Manager, Compliance Department
April 1995
Joined Mitsubishi Estate Co., Ltd.
April 2011
Senior Manager, General Affairs Department, Office of Statutory Auditors
April 2013
Senior Manager, General Affairs Department, Structured Finance Office
April 2014
Deputy General Manager, General Affairs Department, Structured Finance Office
April 2015Transferred to Japan Real Estate Asset Management Co., Ltd. and appointed as Manager ofCompliance Department and Risk Management Department (current)
April 2016
General Manager, Compliance Department (scheduled)
Kimika Mineta
Manager, Corporate Administration Department, Compliance Department, Risk Management Department
September 2007
Joined Japan Real Estate Asset Management Co., Ltd. and assigned to Planning Department
March 2009
Assigned to Corporate Administration Department
June 2009
Associate
April 2012Manager (current)
April 2016
Manager, Corporate Administration Department, Compliance Department, Risk Management
Department (scheduled)This notice is the English translation of the announcement in Japanese dated March 31, 2016.
However, no assurance or warranties are given for the completeness or accuracy of this English translation.