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Investor Presentaiton

Portfolio /EON イオンリート Property Property name Location Acquisition date number (m) Total leasable area Acquisition price (millions of yen) Book value at end of period (millions of yen) Appraisal value (Note1) (millions of yen) Unrealized PML profit&loss (Note2) value (Note3) (millions of yen) (%) RSC-25 AEON MALL Oyama Oyama City, Tochigi Pref. August 2016 47,872.33 6,280 6,158 6,430 272 4.5% RSC-26 AEON MALL Itamikoya Itami City, Hyogo Pref. February 2017 122,944.71 16,860 16,931 17,600 669 1.8% RSC-27 AEON MALL Kagoshima Kagoshima City, Kagoshima Pref. February 2017 132,341.35 13,400 13,434 13,900 466 6.1% Tsuchiura City, Ibaraki RSC-28 AEON MALL Tsuchiura Pref. February 2017 86,848.51 12,030 12,031 12,400 369 1.0% Kahoku City, Ishikawa RSC-29 AEON MALL Kahoku Pref. February 2017 70,948.14 9,940 9,880 10,600 720 11.4% Chigasaki City, CSC-1 AEON Chigasaki-Chuo Shopping Center Kanagawa Pref. May 2016 63,158.24 6,410 6,393 6,560 167 14.8% Kawasaki City, L-1 Daiei-Kawasaki Process Center Kanagawa Pref. February 2016 59,265.77 14,280 14,293 15,000 406 3.7% L-2 AEON Minami-Osaka RDC Sakai City, Osaka Pref. February 2017 50,197.06 9,870 9,912 10,300 388 12.5% AEON Taman Universiti M-1 Shopping Centre (Note6) Johor, Malaysia June 2014 22,870.00 M-2 AEON MALL SEREMBAN 2 Negeri Sembilan, Malaysia September 2016 81,135.00 658 (20mil RM) 5,252 (215mil RM) 680 (20mil RM) 554 A126 0.8% (21mil RM) (A733thousandRM) 6,011 (233mil RM) 4.0% Grand total (as of July 31, 2017 with 36 properties) 3,244,337.00 330,690 352,878 Shimotsuma City, RSC-30 AEON MALL Shimotsuma Ibaraki Pref. September 2017 58,402.66 9,552 9,790 CSC-3 AEON Kireuriwari Shopping Center L-3 Daiei-Ibaraki Process Center Osaka City, Osaka Pref. September 2017 Ibaraki City, Osaka Pref. October 2017 27,603.46 4,394 4,520 50,783.58 6,810 7,080 Grand total (as of October 2, 2017 with 39 properties) CSC-2 AEON STYLE Kemigawahama Chiba City, Chiba Pref November 2017 3,381,126.70 29,947.62 351,446 374,268 3,748 3,830 3,411,074.32 355,194 378,098 I 2.7% 9.3% 12.6% 2.6% 1.2% Grand total (as of November 30, 2017 with 40 properties) scheduled (Notes) 1. The valuation date of the Appraisal value is July 2017. average, 2. Unrealized profit (loss) = Appraisal value - Book value at end of period 3. Each property undergoes a seismic risk analysis to forecast the loss rate related to damage from the recurrence of an earthquake during a 475 year period. The number for Domestic Subtotal is not an but rather the PML value for the whole domestic portfolio. 4. Acquisition price, Book value at end of period, Appraisal value and Unrealized profit (loss) describe AEON REIT's pro-rata portion of the quasi-co-ownership interest (jun kyōyū-mochibun) in the trust beneficiary rights (40% for each property). 5. Acquisition price, Book value at end of period, Appraisal value and Unrealized profit (loss) include a real estate portion (adjacent land portion that was additionally acquired on April 28, 2015). 6. Acquisition price, Book value at end of period, Appraisal value and Unrealized profit (loss) describe AEON REIT's portion of the amount equivalent to the rights (18.18%) similar to the co-ownership interest (kyōyū-mochibun) of the trust property for which the rights were transferred from AEON CO. (M) BHD., which holds the whole property. 7. Acquisition price of AEON MALL Nogata and AEON MALL Kumamoto have decreased because of transfer of land and retirement of fixed assets, respectively. 33
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