Investor Presentaiton

Illustrative TMK-TK Structure Diagram Actual arrangements for holding of specified (ordinary) shares in the TMK will depend upon lender requirements. However, in essence investors should enjoy 100% control and economic returns from TMK Asset Manager Asset Management SPC 1 100% Investor 100% TK investment SPC 2 (TK investor) (typically 97-99%) 1 Equity holder/ domestic TK investor Offshore Japan Less than 50% of preferred equity More than 50% of preferred equity GK (TK Operator) TMK Ownership Real estate / Trust beneficial interest Bond Financing Asset Management KPMG © 2023 KPMG Tax Corporation, a tax corporation incorporated under the Japanese CPTA Law and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Asset Manager Bondholder (QII) Document Classification: KPMG Confidential |18

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