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Investor Presentaiton

4 Asset Scale (Total Acquisition Price) & Period Average Occupancy Rate NBF Mapen Building Fund (billion yen) 1,300 Period average occupancy rate (right scale) 23 wards of Tokyo (left scale) Central 5 Wards (incl. in above) (left scale) Other greater Tokyo (left scale) Other cities (left scale) 1,200 97.3 97.1 95.5 1,100 95.1 92.4 1,000 900 800 700 600 500 (%) 180 100 98.7 98.3 98.3 97.9 98.4 97.9 97.0 96.9 97.2 97.3 96.8 97.5 97.8 97.6 97.9 96.7 96.8 97.1 97.0 95.5 95.4 1,066.4 96.8 1,080.3 1,080.3 1,096.1 95 95 1,074.3 1,074.3 93.4 93.3 93.9 1,050.7 414.1 393.8 400 336.1 260.2 285.6 300 276.0 246.0 226.5 192.1 200 100 539.3 921.6 892.8 870.2 837.1 783.1 783.1 779.5 779.5 762.3 725.2 674.3 674.3 624.8 624.8 0 8th Period Operations2H/2001 1H/2002 2H/2002 1H/2003 2H/2003 1H/2004 2H/2004 1H/2005 2H/2005 1H/2006 2H/2006 1H/2007 2H/2007 1H/2008 2H/2008 1H/2009 2H/2009 1H/2010 2H/2010 1H/2011 2H/2011 1H/2012 2H/2012 1H/2013 2H/2013 1H/2014 2H/2014 1H/2015 2H/2015 1H/2016 Commence 1st 2nd 3rd 4th 5th 6th 7th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period 26th 27th 28th 29th 30th Period Period Period Period Period Period 222 22 24 26 28 29 33 43 43 47 47 662 52 55 55 56 56 58 60 00 14 61 61 59 59 59 64 64 67 68 74 71 73 73 74 74 73 *Data uses the new geographical categories introduced on June 30, 2014. 39 90 90 85 80 75 70 वै 65 60 60 55 50
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