Investor Presentaiton

3 Unit Price, Distributions per Unit & NAV per Unit NBF Mapen Building Fund (yen) Unit Price (Note 1) 1,500,000 1,000,000 500,000 0 Distributions per Unit (Note 1) (yen) 12,000 11,27411,126 9,513 9,695 10,064 10,887 9,000 8,126 8,645 9,612 9,9041 9,836 8,523 8,001 7,683 8,446 8,562 7,592 7,291 7,747 8,427 7,600 7,569 7,740 7,877 6,000 3,000 0 NAV per Unit (Notes 1 and 2) (yen) 600,000 400,000 274,984 255,090 200,000 0 581,646 8,645 8,152 7,681 7,787 8,036 8,397 484,767 389,663 HITHH 2H/2001 1H/2002 2H/2002 1H/2003 2H/2003 1H/2004 2H/2004 1H/2005 2H/2005 1H/2006 2H/2006. 1H/2007 2H/2007 1H/2008 2H/2008 1H/2009 2H/2009 1H/2010 2H/2010 1H/2011 2H/2011 1H/2012 2H/2012 1H/2013 2H/2013 1H/2014 2H/2014 1H/2015 2H/2015 1H/2016 1st 2nd 3rd 6th. 7th 8th 9th 10th 11th Period: Period Period Period Period Period Period Period Period 4th Period 5th Period 12th Period 13th 14th 15th Period Period Period 16th Period 17th Period 18th Period 19th 20th 21st Period Period Period 22nd Period 23rd 24th 25th Period Period Period 26th 27th Period Period Period 28th 29th Period 30th Period Note 1: Historical data for the 25th Period, the six months ended December 31, 2013, and before are adjusted for the two-for-one investment unit split. Figures are rounded down to the nearest yen. Note 2: NAV per unit = (Unitholders' capital at period end + Reserve for advanced depreciation in the next period (reserve - reversal) + Unrealized gain or loss on appraisal value at period end) Units issued and outstanding at period end 38

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