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Investor Presentaiton

Sustainability Initiatives (1) Structure for Promotion/External Certification Asset management operations focused on sustainability Nippon Accommodations Fund Sustainability Policy Reduction of Environmental Load (Responding to Climate Change) In-House Structure for Promotion of Sustainability Sustainability Promotion Office established to ensure effective sustainability policies The Asset Management Company Collaboration with Various Internal and External Stakeholders Initiatives for Governance *Now preparing new ESG website Board of Directors Report Advice NAF Investment Committee Sustainability Promotion Office All officers and employees Formulate plans Chairperson CEO Objectives and implementation plans Share objectives and plans Report Board of Directors Decide Report Sustainability Decision Maker Status of progress and achievements Implement Advice Review ■Mitsui Fudosan Group's ESG Guidelines Mitsui Fudosan Co., Ltd., the parent company of Mitsui Fudosan Accommodations Fund Management Co., Ltd., the Asset Management Company, considers ESG a management priority and sets key goals for relevant initiatives to consistently create value under the Group statement of "Bring affluence and comfort to urban living." MITSUI FUDOSAN https://www.mitsuifudosan.co.jp/english/esg_csr/approach/ ■Consistently Acquire External Certification of Sustainability We consistently acquire external certification including GRESB Real Estate Assessment as opportunities to improve NAF's sustainability initiatives. ‣ GRESB Real Estate ► SMBC Environmental Assessment GRESB 2022 Assessment SMBC ECO Rating Assessment Assessment 2 Stars Green Star A Initiatives with good environmental consideration Initiatives for climate change Support for TCFD and disclosure The Asset Management Company expressed support for the recommendations of the Task Force on Climate- related Financial Disclosures (TCFD) in September 2021. Along with such, it joined the TCFD Consortium, which is an organization of Japanese companies supporting TCFD. For details of the disclosure based on the TCFD recommendations, please refer to NAF's website. *Now preparing new ESG website TCFD TCFD Consortium TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES 65
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