August 31, 2022
To All Concerned Parties
Investment Corporation
ESCON JAPAN REIT Investment Corporation
Representative:
Atsumu Sasaki, Executive Director(Securities Code: 2971)
Asset Management Company
ES-CON ASSET MANAGEMENT Ltd.
Representative:
Takeharu Kagiyama
President and Representative Director
Inquiries:
Yuki Yoshida
General Manager of the Department ofFinance and Control
TEL: +81- 3-6230-9338
Notice Concerning Adoption of Declaration of Compliance by the Asset Manager
ES-CON Asset Management Ltd. (hereinafter, the "Asset Manager"), to which ESCON JAPAN REIT Investment
Corporation (hereinafter, "ESCON REIT") entrusts the management of its assets, submitted a report that summarizes thecurrent status of its business improvement measures (hereinafter, “Business Improvement Report”) to the Commissionerof the Financial Services Agency as described in the “Notice Concerning Submission of Business Improvement Reportby the Asset Manager” dated August 15, 2022, following the receipt of a business suspension order and a business
improvement order as described in “Notice Concerning Administration Disposition Against the Asset Manager” dated
July 15, 2022. The Business Improvement Report has been accepted by the Financial Services Agency.
As part of such business improvement measures, we hereby announce that the Asset Manager’s Board of Directors
newly adopted a Declaration of Compliance at its meeting today, as shown in the attachment.
In consultation with the Asset Manager's parent company, ES-CON JAPAN Ltd., and its ultimate parent company,
Chubu Electric Power Co., Inc., the Asset Manager will continue to further strengthen their legal compliance and internal
control systems, as described in the Business Improvement Report, and endeavor to realize fair and appropriate business
operations in order to regain the trust of all parties concerned.

【URL of ESCON REIT: https://www.escon-reit.jp/en/index.html】

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[Attachment]
Declaration of Compliance
ES-CON ASSET MANAGEMENT Ltd.
President and Representative Director
Takeharu Kagiyama
As a bearer in the financial instrument market, ES-CON Asset Management Ltd. is deeply aware of its significant
social responsibility from the perspective of fairness and transparency of the market. We position compliance as our mostimportant management issue, and we are committed to establishing a compliance framework. To this end, we formulated
the “Declaration of Compliance” based on the consensus of all executives and employees, and will comply with thisDeclaration.

１．In order to fulfill the trust that society has placed in us, we will act responsibly as a financial instruments business
operator by adhering to the Financial Instrument and Exchange Law and other laws and regulations, social norms,and internal rules, with compliance as the principle of all our actions.
２．We will build sound business relationships, including with our group companies, through faithfully performing
our duties for investors while eliminating the adverse effects of conflicts of interest transactions and throughbusiness operations that place the highest priority on investors’ interest, in accordance with the Financial
Instruments and Exchange Law.
３．We will maintain and improve our professional knowledge and skills as professional experts in the performanceof our duties, and will strive to live up to the trust of our clients and society.
４．We respect the individualities of our employees, maintain an open and comfortable work environment, and strive
to create new value while taking strict action against any acts of noncompliance.
5. We are committed to continuously improving our compliance framework in response to changes in the environment.

(As of August 31, 2022)

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