PitchSend

Investor Presentaiton

Core Business Growth Asset Management: Growth Support for TSE REITS & YieldCo 一期一会 Office Ichigo Office (8975) 一期一会 Hotel Ichigo Hotel (3463) 一期一会 Green Infrastructure Ichigo Green (9282) ICHIGO Listing Date October 12, 2005 Portfolio 85 Assets JPY 203.0B Current Yield (as of 2019/4/15) 4.2% Characteristics ⚫Specialized Office REIT focused on mid- size offices driving stable earnings growth and tenant satisfaction ⚫17 consecutive periods of dividend growth, No. 1 among all J-REITS ICHIGO Listing Date November 30, 2015 Portfolio 21 Hotels JPY 50.7B Current Yield (as of 2019/4/15) 4.8% Characteristics ⚫ Specialized Hotel REIT focused on stay- only hotels, a hotel type that is in high demand and has earnings potential, to drive income stability and earnings growth ⚫Became first J-REIT to adopt a no fixed- fee, performance fee-only structure ICHIGO Listing Date December 1, 2016 Portfolio 15 Plants JPY 11.4B Current Yield (as of 2019/4/15) 5.6% Characteristics Solar YieldCo focused on driving shareholder value via income stability and earnings growth and contributing to Japan's self-sufficiency in clean energy • Japan's first 10-year earnings forecast 一期一会| ICHIGO Growth Support Provided 2 high-quality, central Tokyo office assets Growth Support Provided 1 hotel to drive increased NOI and diversify portfolio Growth Support Provided power plant operations and performance guarantee O Ichigo Inc. All rights reserved. 20 20

View entire presentation