Investor Presentaiton

4-5 Strategies (Conclusion). Four strategies for the goal of increasing unitholder value Portfolio Strategy • Aggressive property acquisitions & flexible disposition ⚫ Focused investment in highly competitive premium office buildings • Further expansion of assets • Use the stable pipeline of the Mitsui Fudosan Group Leasing Strategy Financial Strategy • Conservative LTV level (36-46%) and a high long-term fixed-rate debt ratio (90% or higher) enable flexible response to the financial environment and property acquisition opportunities • Diversified maturities reduces financial risk Basic Policies Increase Unitholder Value •Stable growth in DPU over the mid-to-long-term •Expansion in NAV per unit • Conduct leasing promotion and existing tenant relations by fully using the sales capabilities of the Mitsui Fudosan Group •Maintain the occupancy rate at a high level 31 Property Management Strategy • Use the comprehensive capabilities of the Mitsui Fudosan Group •Maintain and increase asset value through strategic additional investment • Deliver a high level of management and operational quality through NBF's exclusive property management company NBF Mapen Building Fund

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