Investor Presentaiton

Real Estate Fund (2) The Portfolio 1. Summary 2. How to Increase Corporate Value 3. Appendix 4. Financial Data Financial Results Asset Management Σ Business Governance Pursue income gain backed by the stable rental revenue and capital gain by the long-term value growth of underlying properties. Highly and strategically diversify the portfolio with regard to the strategy, region, sector, timing, manager as well as property. Mainly invest in highly occupied properties located in the developed economies through private products. Product Allocation Strategy Diversification (Fair Value Basis, As of Sep. 30, 2023) Strategy Allocation Geography Diversification (Fair Value Basis, As of Sep. 30, 2023) Geography Allocation Relative 65% Public 3% Private 31% Equity 31% Debt 69% Listing 1% Core 69% Equity 31% Debt 69% Core 27% Other 1% Australia 3% Japan 10% 8% 16% Non-Core 4% Europe 27% 3% 30% 42% North America 59% JP JAPAN POST BANK BANK [Core] Strategy pursuing the stable rental income earned by the high occupancy properties. [Non-core] Strategy pursuing the excess return over core strategy by active property management such as lease up and refurbishments. <Note> Inner ring: Market size (as of Dec. 31, 2022, estimate by MSCI*) Outer ring: Portfolio (as of Sep. 30, 2023) Reproduced by permission of MSCI Inc. ©2023. All rights reserved Copyright© JAPAN POST BANK All Rights Reserved. 45

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