[For Information Purpose Only The Japanese language press release should be referred to as the original.] March 1, 2024 To All Concerned Parties Name of REIT Issuer: Invincible Investment Corporation Naoki Fukuda, Executive Director (Securities Code:   8963) Asset Manager: Consonant Investment Management Co., Ltd. Naoki Fukuda, President & CEO Contact: Jun Komo General Manager of Planning Department (Tel. +81-3-5411-2731) (Correction) Notice concerning Partial Correction of “Financial Summary for the December 2023 Fiscal Period” and “Invincible Investment Corporation December 2023 Fiscal Period Results” Invincible Investment Corporation (“INV”) hereby announces corrections to its “Financial Summary for the December 2023 Fiscal Period" and "Invincible Investment Corporation December 2023 Fiscal Period Results" dated February 26, 2024 as follows. Corrected parts are underlined or circled in red. 1. “Financial Summary for the December 2023 Fiscal Period” P6. “1. Operating Conditions, (1) Operating Conditions, a Overview of the Fiscal Period Ended December 31, 2023, (b) Operational Environment and Performance"
(Omitted)
<Before Correction>
The total appraisal value of 133 properties was JPY 629,041 million (one out of the 134 properties owned by INV at the end of the Reporting Period is excluded from the appraisal calculation: Sheraton Grande Tokyo Bay Hotel (preferred equity interest) for which the appraisal value of such interest is not available). The portfolio has an unrealized gain of JPY 133,286 million (Note 13) and an unrealized gain ratio of 26.9% (Note 13). The total appraisal value of 127 properties which were owned throughout the Reporting Period increased by 1.8% from JPY 560,963 million at the end of the June 2023 fiscal period to JPY 570,791 million at the end of the Reporting Period. This English language notice is a translation of the Japanese-language notice released on March 1, 2024 and was prepared solely for the convenience of, and referen by, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own iqation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances are given regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any discrepant etween this translation and the Japanese original, the latter shall prevail in all respects.
<After Correction> The total appraisal value of 133 properties was JPY 629,041 million (one out of the 134 properties owned by INV at the end of the Reporting Period is excluded from the appraisal calculation: Sheraton Grande Tokyo Bay Hotel (preferred equity interest) for which the appraisal value of such interest is not available). The portfolio has an unrealized gain of JPY 133,259 million (Note 13) and an unrealized gain ratio of 26.9% (Note 13). The total appraisal value of 127 properties which were owned throughout the Reporting Period increased by 1.8% from JPY 560,963 million at the end of the June 2023 fiscal period to JPY 570,791 million at the end of the Reporting Period.
(Omitted)
2. "Invincible Investment Corporation December 2023 Fiscal Period Results" (1) P42. Summary of Appraisal Value and NAV per Unit <Before Correction> ■ Trend of Appraisal Value
<After Correction>
Trend of Appraisal Value between this translation and the Japanese original, the latter shall prevail in all respects.
(2) P54. Property Income (4/4) <Before Correction> <After Correction>

(3) P58. Appraisal Value (4/4)

<Before Correction>
*The corrected “Financial Summary for the December 2023 Fiscal Period” and “Invincible Investment Corporation December 2023 Fiscal Period Results" are posted on INV's website. Website of INV: https://www.invincible-inv.co.jp/en/ This English language notice is a translation of the Japanese-language notice released on March 1, 2024 and was prepared solely for the convenience of, and reference by, non-Japanese investors. It is not intended as an inducement or solicitation for investment. We caution readers to undertake investment decisions based on their own investigation and responsibility. This translation of the original Japanese-language notice is provided for informational purposes only, and no warranties or assurances are given regarding the accuracy or completeness of this English translation. Readers are advised to read the original Japanese-language notice. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail in all respects.