February 16, 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: Haruhiko Araki, President & CEO
Contact:
Ken Takanashi, Director, General Manager,
Logistics REIT Management Department
TEL: +81-3-3218-0030

Notice Concerning Determination of Pricing and Issuance of New Investment Units (Green Equity Offering)and Secondary Offering of Investment Units
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announces that, at the meeting of its board ofdirectors held today, its board of directors passed a resolution regarding the issue price, distribution price and othermatters in connection with the issuance of new investment units (conducted as a green equity offering (Note)) and asecondary offering of investment units for which a resolution was passed at the meeting of its board of directors heldon February 7, 2022. The details are described below.
(Note) Please refer to the press release “Notice Concerning Issuance of New Investment Units (Green Equity Offering) and Secondary Offering ofInvestment Units” dated February 7, 2022.

1. Issuance of New Investment Units through Public Offering(1)
Number of investment units to be offered
56,000 units
Domestic Public Offering: 33,440 units
International Offering: 22,560 units(2)
Amount to be paid in (issue amount)393,608 yen per unit
(3)
Net proceeds
22,042,048,000 yen(4)Issue price (offer price)406,965 yen per unit
(5)
Total amount issued (total offer value)
22,790,040,000 yen(6)Application periodThursday, February 17, 2022
(Domestic Public Offering)(7)
Payment period for deposit in securities
Thursday, February 17, 2022 to Friday, February 18, 2022
(8)
Payment date
Tuesday, March 1, 2022
(9)
Delivery date
Wednesday, March 2, 2022
(Note) The underwriters will purchase and underwrite the investment units at the amount to be paid in (issue amount) and offer the investment
units at the issue price (offer price).

2. Secondary Offering of Investment Units (Secondary Distribution via Over-allotment)(1)
Number of investment units to be distributed 2,800 units(2)Distribution price406,965 yen per unit
(3)
Total amount of distribution price
1,139,502,000 yen(4)Application period
Thursday, February 17, 2022
(5)
Payment period for deposit in securities
Thursday, February 17, 2022 to Friday, February 18, 2022
(6)
Delivery date
Wednesday, March 2, 2022

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the determination of pricing
and issuance of new investment units (green equity offering) and secondary offering of investment units, and has not been prepared forthe 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 toabove will not be publicly offered or sold in the United States.

13. Issuance of New Investment Units through Third-party Allotment(1)Amount to be paid in (issue amount)393,608 yen per unit
(2)
Net proceeds
1,102,102,400 yen (maximum)(3)
Application period (application date)
Tuesday, March 22, 2022
(4)
Payment date
Wednesday, March 23, 2022
(Note) If there is no subscription for the investment units on or before the application period (application date) described in (3) above, the issuanceof such investment units shall be canceled.

<Reference>
1. Basis for Calculating the Issue Price and Distribution Price:(1)
Reference date of calculation and price: Wednesday, February 16, 2022(2)Discount rate: 2.50 %424,500 yen(Note) The Issue Price and Distribution Price were calculated by applying the discount rate to the closing price for ordinary trading of an investment
unit of MEL on Tokyo Stock Exchange Inc. on the reference date after subtracting 6,412 yen of the estimated distributions per unit (excluding
estimated surplus cash distributions), and 687 yen of estimated surplus cash distributions relating to the fiscal period ending February 28,
2022 (11th fiscal period).

2. Syndicate Cover Transaction Period
Friday, February 18, 2022 to Friday, March 18, 2022
3. Use of the Proceeds
Net proceeds from the Domestic Public Offering (13,162,251,520 yen) and from the International Offering(8,879,796,480 yen) are scheduled to be used to fund a portion of the acquisition of the new specified assets (asdefined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment Corporations of Japan; the same shallapply herein), which are described in the “Notice Concerning Acquisition of Domestic Real Estate Trust BeneficiaryInterests and Lease Contracts with New Tenants” released on February 7, 2022. The maximum net proceeds from theissuance of new investment units through the Third-party Allotment (up to 1,102,102,400 yen) are scheduled to be
used to fund the repayment of all or a portion of the borrowings. The remainder of the net proceeds of the Third-party
Allotment will be kept as cash on hand and be deposited with financial institutions until the time of expenditure. Suchcash on hand will be utilized to fund a portion of future acquisitions of specified assets or a portion to repay borrowings.

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 determination of pricing
and issuance of new investment units (green equity offering) and secondary offering of investment units, and has not been prepared forthe 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 beoffered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred toabove will not be publicly offered or sold in the United States.

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