Investment in Unit of Real Estate Investment Trust

. The Board of Directors Meeting has considered and approved as follows: 1. Asset Disposal Transaction of the Company Whereas the company aims to become a leading company in the real estate industry and

become a leading company in the real estate industry and other relating businesses, by striving to grow sustainably. The company has foreseen the potential of “Nomura Real Estate Development” (NRED) – one

of the Lessor, with a shareholding of 30 percent of the total shares. Nature of Transaction : The Company takes on short-term lease of real property, with details as follows: 1) Real property lease for

Rules for Being Settlor and Trustee of Real Estate Investment Trust

Issuance and Offer for Sale regarding Units of Real Estate Investment Trust

Regulations relating to Conflict of Interest with Real Estate Investment Trust

Provisions relating to Particulars, Terms and Conditions in a Trust Instrument of Real Estate Investment Trust

Real Estate Investment Trust (REIT) | Initial Public Offering | Offering Date - 08/12/2014 - 11/12/2014