August 24, 2020
For Immediate Release

Real Estate Investment Trust Securities Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Masaki Sakagawa, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Haruhiko Araki, President & CEO
Contact:
Masaki Sakagawa, Executive Vice
President, General Manager, Logistics REITManagement Department
TEL: +81-3-3218-0030

Notice Concerning Determination of Pricing and Issuance of New Investment Units andSecondary Offering of Investment Units
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) today announced that, on Aug. 24, 2020, its boardof directors passed a resolution regarding the issue price, distribution price and other matters in connection with theissuance of new investment units and a secondary offering of investment units for which a resolution was passed at
the meeting of its board of directors held on Aug. 13, 2020. The details are described below.
1. Issuance of New Investment Units through Public Offering (Public Offering)(1) Number of investment units to be offered
40,500 units
Out of the above number of investment units to beoffered, 12,225 units will be purchased by overseas
investors in international markets mainly in Europe andAsia (excluding the United States and Canada).
(2) Amount to be paid in (issue amount)
417,236 yen per unit
(3) Net proceeds
16,898,058,000 yen(4) Issue price (offer price)
431,701 yen per unit
(5) Total amount issued (total offer value)
17,483,890,500 yen(6) Application period
Tuesday, Aug. 25, 2020 to Wednesday, Aug. 26, 2020
(7) Payment date
Tuesday, Sept. 1, 2020
(8) Delivery dateWednesday, Sept. 2, 2020 (The following business day ofthe Payment date)(Note) The underwriters will purchase and underwrite the investment units at the amount to be paid in (issueamount) 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
2,000 units(2) Distribution price431,701 yen per unit
(3) Total amount of distribution price863,402,000 yen(4) Application period
Tuesday, Aug. 25, 2020 to Wednesday, Aug. 26, 2020
(5) Delivery date
Wednesday, Sept. 2, 2020

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 and secondary offering of investment units, and has not been prepared for the purpose ofsoliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have notbeen, and will not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “SecuritiesAct”). The securities may not be offered or sold in the United States absent registration or an exemption from registration under theSecurities Act. The securities referred to above will not be offered or sold, publicly or otherwise, in the United States.

13. Issuance of New Investment Units through Third-party Allotment(1) Amount to be paid in (issue amount)
417,236 yen per unit
(2) Net proceeds
834,472,000 yen (maximum)(3) Application period (application date)
Tuesday, Sept. 29, 2020
(4) Payment date
Wednesday, Sept. 30, 2020
(Note) If there is no subscription for the investment units on or before the application period (application date)described in (3) above, the issuance of such investment units shall be canceled.
<Reference>
1. Basis for Calculating the Issue Price and Distribution Price:(1) Reference date of calculation and price:
Monday, Aug. 24, 2020 451,000 yen(2) Discount rate: 3.00%(Note) The Issue Price and Distribution Price were calculated by applying the discount rate to the closing price forordinary trading of an investment unit of MEL on Tokyo Stock Exchange Inc. on the reference date after
subtracting 5,353 yen of the estimated distributions per unit (excluding estimated surplus cash
distributions), and 594 yen of estimated surplus cash distributions relating to the fiscal period ending
August 31, 2020 (8th fiscal period).
2. Syndicate Covering Transaction Period
Thursday, Aug. 27, 2020 to Friday, Sept. 25, 2020
3. Use of the Proceeds
Net proceeds from the Public Offering (16,898,058,000 yen) are scheduled to be partially used to fund theacquisition of the new specified assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts andInvestment Corporations of Japan; the same shall apply herein), which are described in the “Notice Concerning
Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts with New Tenants” which wasreleased on Aug. 13, 2020. The maximum proceeds from the issuance of new investment units through the Third-party
Allotment (up to 834,472,000 yen) are scheduled to be used to fund the repayment of all or a portion of theborrowings. 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. Such cash on hand will be utilized to fund a portionof 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 and secondary offering of investment units, and has not been prepared for the purpose ofsoliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have notbeen, and will not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “SecuritiesAct”). The securities may not be offered or sold in the United States absent registration or an exemption from registration under theSecurities Act. The securities referred to above will not be offered or sold, publicly or otherwise, in the United States.

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