September 24, 2021
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Determination of the Number of
New Investment Units to be Issued through Third-Party Allotment
Activia Properties Inc. (“API”) announces that it has received a notice that the allottee is fully exercising
its option to purchase all of the API’s new investment units originally scheduled to be issued through thethird-party allotment, that was approved at the board of directors meetings held on August 24, 2021 and
September 1, 2021, concurrently with the issuance of new investment units through the public offering andthe secondary offering of investment units (secondary offering through over-allotment). Details are asfollows.
(1) Number of investment units to
be issued(2) Total amount to be paid in(issue price per unit)(3) Subscription period(subscription date)(4) Payment date

2,500 units(number of investment units scheduled to be issued: 2,500 units)
1,096,095,000 yen(438,438 yen per unit)
September 27, 2021 (Monday)(5) Allottee

A domestic underwriter

September 28, 2021 (Tuesday)

Disclaimer: This press release is an announcement by Activia Properties Inc. concerning the determination of the number of
new investment units to be issued through third-party allotment, and has not been prepared for the purpose of solicitation forinvestment. Investors are asked to ensure that they read the prospectus for the issuance of new investment units, as well as
any amendments thereto(if any), prepared by Activia Properties Inc. before they invest and that they make decisions on
investment at their own discretion.
In addition, 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 fromregistration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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<Reference>
1． The issuance of new investment units through the third-party allotment was approved concurrently with
the issuance of new investment units through the public offering and the secondary offering of investment
units (secondary offering through over-allotment) at the meetings of the board of directors held on August24, 2021 and September 1, 2021.
For details of the third-party allotment, please refer to the “Notice Concerning Issuance of New Investment
Units and Secondary Offering of Investment Units” released on August 24, 2021 and “Notice Concerning
Pricing for Issuance of New Investment Units and Secondary Offering” released on September 1, 2021.
2． Change in total number of investment units issued and outstanding as a result of the third-party allotment
Total number of investment units issued and outstanding at
820,254 units
present
Increase in number of investment units to be issued
2,500 units
through the third-party allotment
Total number of investment units issued and outstanding
822,754 units
after the third-party allotment
3． Use of funds to be raised
The net proceeds of 1,096,095,000 yen received upon the exercise of the third-party allotment option willbe allocated to cash on hand decreased due to the acquisition of “Meguro Tokyu Building”, “Q plaza
Shinjuku-3chome” and “A-PLACE Shibuya Nampeidai” announced in “Notice of Acquisition of Assets
and Lease Contract with New Tenants (Three Properties Including Meguro Tokyu Building)” released on
August 24, 2021. Cash on hand shall be deposited in a financial institution until actual expenditures, andshall be used for partial repayment of borrowings or for partial funding of property acquisitions in thefuture.
*Website of API: https://www.activia-reit.co.jp/en/

Disclaimer: This press release is an announcement by Activia Properties Inc. concerning the determination of the number of
new investment units to be issued through third-party allotment, and has not been prepared for the purpose of solicitation forinvestment. Investors are asked to ensure that they read the prospectus for the issuance of new investment units, as well as
any amendments thereto(if any), prepared by Activia Properties Inc. before they invest and that they make decisions oninvestment at their own discretion.
In addition, 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 fromregistration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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