Investor Presentaiton

ESG Measures (Materiality) NMF's ESG materiality issues (Materiality) Materiality, Policy and Target Raising the proportion of "green" properties in our investment portfolio Policy and Target . ΚΡΙ Raise the ratio of properties acquired green certification (with three stars or more or equivalent to) to 70% by 2030. *Green certification (with three stars or more or equivalent to) refers to DBJ Green Building Certification (three stars or more) or BELS Certification (three stars or more), or CASBEE for Real Estate (B+ or higher) Ratio of green certification (with three stars or more or equivalent to) (Ratio of green certification) Envirom Countering climate change ⚫ Achieve 40% reduction in greenhouse gas (GHG) emissions per floor area (intensity) from our portfolio by 2030 compared with the 2016 level. ent Policy and Target . Achieve carbon neutrality by 2050 . ΚΡΙ GHG emissions per floor area (intensity) . ΚΡΙ Water use per floor area (intensity) Countering water resources Policy and Target Achieve 10% reduction in water use per floor area (intensity) in our portfolio by 2030 compared with the 2016 level. Ensuring the safety and security of tenants and improving user comfort Policy and Target Improve tenant satisfaction by conducting a regular survey of tenants' satisfaction, by carrying out property renewal and renovation aimed at accommodating diversifying social needs, by enhancing the content of tenant ΚΡΙ . Customer satisfaction survey results . Society Policy and Target . ΚΡΙ Creating a workplace environment in which everyone is treated fairly and empowered to find his/her job rewarding Enhance employee satisfaction via the creation of a sound working environment that ensures impartial evaluation, provides fair compensation, respects for fundamental rights and allows everyone to find his/her job rewarding. Average number of paid holidays taken Employee satisfaction survey results Human resource development and talent management Policy and Target ΚΡΙ Enhance employee satisfaction via the creation of a sound working environment that ensures impartial evaluation, provides fair compensation and allows everyone to find his/her job rewarding. Actual attendance results of employee training (Training hours per employee) Number of employees qualified or certified Enhancement of Governance Policy and Target Materiality, Policy and Target • Establish an effective sustainability promotion system through appropriate operation of PDCA cycle as well as a governance system which ensures impartiality and diversity of the directors. Promote investment management that prioritizes the unitholders' interest by aligning the interests of the unitholders, NMF and the Asset Management Company by introducing asset management fees linked to management performance. Aim to improve management performance through appropriate management based on the market research function of the Asset Management Company and selective investment backed by our own valuation method at the time of acquisition. NMF's outside director ratio NMF's female director ratio ΚΡΙ NMF's board of directors' meeting attendance ratio External evaluation of the sustainability promotion system Establishment of an effective internal control system Governan ce Policy and Target KPI . . Ensure legal compliance through raising awareness of compliance. Prevent risks to the soundness of management and business continuity through appropriate risk management such as elimination of conflicts of interest in transactions with interested parties. Ensure the effectiveness of internal control process through internal audits. Compliance training attendance rate (Target: 100%) Risk assessments frequency (Target: once a year) BCP training frequency (Target: once a year) Safety drill frequency utilizing safety confirmation system (Target: 4 times a year) Internal audit frequency (Target: once a year) Stakeholder engagement and timely and appropriate information disclosure Build solid relationships with and win the trust of all stakeholders by engaging in the timely, appropriate and proactive disclosure of financial/non-financial information and by maintaining constructive dialogue Policy and Target ΚΡΙ ESG rating assessment Number of IR meetings 38

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