Investor Presentaiton

Carefully Selected Investment in Retail Properties That Can Respond to Changes EON イオンリート Retail facilities that can respond to changes in business environment, including the diversification of consumption, falling population and aging, and the expansion of e-commerce Response to changes 1 Strength that only large-scale retail properties have: ever-changing composition of end- tenants in response to customer needs Total sales of specialty stores at AEON MALLS are stable due to the optimization of the composition of tenants Anchor tenants AEON MALL specialty store sales change Specialty store sales (after day of week adjustment) Clothing *sundries 120% Large specialty store Clothing accessories G.G Response to changes 2 /EON STYLE Mall zone for diverse, attractive specialty stores XX I+AV EON Ever-changing anchor tenant GMS: AEON STYLE Break away from the stereotypical GMS in the past and gather attractive specialty stores in accordance with customer needs in the region. A new style of AEON store that proposes lifestyles to customers. Response to changes 3 110% 100% 90% 80% 2010 2011 2012 2013 2014 2015 2016 Anchor tenant Ac ARON CINENDA SPORTS AUTHORITY 未来屋書店 (source) Prepared by the Asset Manager based on result briefing materials of AEON MALL Co., Ltd. FY2010-2016. "Existing malls in each fiscal year are malls that operated in the current fiscal year and the previous year, so the population differs for each year." Cinemas, sports, bookstores, etc. AEON Group's initiatives to combine the brick-and-mortar store and e-commerce Brick-and-mortar stores, small and large, of the AEON Group are connected with e- commerce and respond to a variety of lifestyles and shopping styles of customers in the region. The also tap into customers' needs for e-commerce. Strengthening the deli Respond to a variety of needs for food, such as home-meal replacement and ready-to-eat food. A new type of sales floor where customers can bring goods that they have bought in the store and can drink a small amount of alcohol Space where customers can bring food GGsae A new type of store where enjoyable services and goods are given to customers, primarily those in the G.G generation in the community Wakoutinaneventspace Face-to-face selling that allows customers to eat Creative merchandising Orders are placed on the Web, and goods are delivered to home Online supermarket おうちでイオンイオンネットスーパー • Want goods to be sent from the store usually used in the neighborhood Want to place orders for goods that they have forgotten to buy +VEON Small and large Brick-and- mortar stores EON Goods are bought at a store and are delivered to home Same-day delivery • Want to buy goods after looking at them Want to enjoy shopping Want to buy goods soon その物、本日、ご自宅までお届けします。イオンの即日便 Goods are too heavy to carry Want to buy goods soon Wide variety of goods + E-commerce おうちでイオンイオンショップ /EON.com Want to buy goods that are not sold at stores Want to buy goods although there are no stores available Want to send gifts 21

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