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Investor Presentaiton

Stability of "Community Infrastructure Asset" and its rent Acquiring top-class stores in each region, which are capable for responding to environmental changes, stable profit can be expected and have abundant neighborhood markets. Stable rents are secured through master lease agreements based on fixed rents with AEON Group companies. Sublease agreement Master lease agreement Manage- ment End tenants Apparel Net sales of end tenants 21st FP (Note 2) Sundries 20th FP (Note 2) 107% approx. /EON STYLE AEON AC Food and restaurants Service Sublease rent approx. (comparison w/ same period in the year before) approx. 93% (comparison w/ same period in 2019) 108% (comparison w/ same period in the year before) approx. 95% (comparison w/ same period in 2019) Master lease companies AEON Group companies (AEON MALL Co., Ltd., etc.) Master lease rent (fixed) Master lease rent (Fixed) No utilities cost burden Outline of master lease agreement Fixed rent Long terms of lease agreements (20 yrs in Japan & 10 yrs outside Japan) /EON Owner イオンリート Stable income ÆON REIT Investment Corporation 28
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