Investor Presentaiton

Major financing-related figures and investment corporation bonds Changes in financing-related figures As of end of Jun. 2017 As of end of Dec. 2017 LTV (based on appraisal value) 43.0% 42.1% Ratio of long-term debts 100.0% 100.0% Ratio of fixed interest rate 77.4% 77.4% Average remaining years of debts 3.1 years 3.5 years Average interest rate on debts 1.09% 1.06% R&I: A (stable) Issuer rating (Oct. 26, 2016) R&I: A (stable) (Oct. 3, 2017) Investment corporation bonds Forecast for Mar. 2018 42.3% (Note 1) 100.0% 75.8% 3.6 years 1.01% (Note 2) Aim for further improvement Issuance Term Nominal Coupon Amount issued 1st Unsecured Investment Corporation Bond 2nd Unsecured Investment Corporation Bond May 2016 5 years 0.340% 1.5 bn. yen May 2016 10 years 0.810% 1.5 bn. yen 3rd Unsecured Investment Corporation Bond 4th Unsecured Investment Corporation Bond May 2017 5 years 0.260% 1.0 bn. yen May 2017 10 years 0.670% 2.0 bn. yen Total 6.0 bn. yen Note 1: Calculated in consideration of financing through the public offering, new borrowings and acquisition of four new properties, etc. since Jan. 2018, based on market capitalization as of the end of Dec. 31, 2017 Note 2: Calculated by dividing estimated financial costs for the fiscal period ending Jun. 2018 (24th Period) by estimated average debt balance for the same fiscal period 45 MCUBS MidCity Investment Corporation

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