Investor Presentaiton

Notes (II) P.35 Risk management ~Resilient to natural disasters~ (Note 1) Shows the total estimated depreciation expenses for the fiscal period ending Jul. 31, 2023 (21st FP) and the fiscal period en ding Jan. 31, 2024 (22nd FP). (Note 2) Immunity of AEON Lake Town mori and AEON Lake Town kaze is set as ¥30 mm. (Note 3) PML values are based on the "48 Property Building Earthquake Risk Research Portfolio Analysis Report" prepared by Tokio Marine dR CO., Ltd. In Dec. 2022. P.36 High ability of generating cash-on-hand (Note) The top 4 J-REITS high ratio (annualized) of actual depreciation expenses divided by intangible fixed assets + tangible fixed as sets are listed. Investment corporation with total assets of 100 billion yen or more in the most recent fiscal year announced by the end of Jul. 2023 are filtered when making the graph, and also amount of expenses used for calculations are quoted from the latest FP of each corporations. P.37 Sustainability Initiatives ~AEON REIT~ (Note) GRESB refers to the annual benchmark certifications that measure ESG considerations of real estate companies and funds, as well as the organization operating the certifications. The GRESB Real Estate Certification is a 5 level rating based on the global ranking of the total score. The same shall apply hereinafter. P.38 Sustainability Initiatives ~Materiality~ (Note 1) Materiality refers to key issues that may cause huge impact to the activities of the corporation. (Note 2) Materiality Matrix refers to the prioritization matrix which shows "how important the corporation recognize the issue". P.39 Sustainability Initiatives ~Environment~ (Note) The ratio of properties with third party certifications is calculated by dividing the total rentable floor area of certified properties by that of all properties owned in Japan. Third party certification refers to the DBJ Green Building certification, CASBEE certification and BELS certification, etc. P.40 Sustainability Initiatives ~Social~ (Note) AEON 1% Club Foundation is a foundation in which major Aeon Group companies contribute 1% of their pre-tax profits for the healthy upbringing of young people who will lead the next generation, the promotion of friendship with other countries, and the promotion of sustainable development of local communities. P.39 Sustainability Initiatives ~Environment~ P.40 Sustainability Initiatives ~Social~ P.42 Sustainability Initiatives AEON Group~ (Note) Information listed on above pages collectively describes the ESG initiatives of the Investment Corporation, the Asset Management Company and AEON Group, and includes those not directly related to the Investment Corporation or the Asset Management Company. ÆON REIT Investment Corporation 45

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