Investor Presentaiton

Unitholders Historical Ownership by Unitholders Number of Units and Unitholders Financial Institutions Nippon Accommodations Fund 34th Period Feb. 2023 4.1% 51.1% 10.1% 7.5% 18.1% 9.1% Individuals Trust Banks Other (Investment Trusts, etc.) Regional Banks Overseas Financial Investors Institutions Other Total Number of Units Held 20,789 257,406 50,873 37,956 90,840 45,608 503,472 33rd Period Number of Unitholders 4,387 10 46 88 266 133 4,930 4.0% 50.2% 10.1% 7.4% 20.0% 8.3% Aug. 2022 Major Unitholders*1 32nd Period Name Number of Units Held Percentage of Total (%) *2 4.0% 49.4% 11.5% 6.7% 20.5% 7.9% Feb. 2022 Custody Bank of Japan, Ltd. (Trust Account) 139,798 27.77 The Master Trust Bank of Japan, Ltd. (Trust Account) 81,445 16.18 31st Period The Nomura Trust and Banking Co., Ltd. (Investment Account) 21,936 4.36 4.1% 49.3% 11.6% 6.3% 18.3% 10.4% Aug. 2021 Mitsui Fudosan Residential Co., Ltd. 15,600 3.10 The Chugoku Bank, Limited 9,276 1.84 30th SMBC Nikko Securities Inc. Period Feb. 2021 8,110 1.61 4.4% 50.0% 11.3% 6.3% 20.0% 8.0% STATE STREET BANK WEST CLIENT-TREATY 505234 7,542 1.50 MetLife Insurance 6,957 1.38 29th STATE STREET BANK AND TRUST COMPANY 505103 Period 4.3% 6,296 1.25 52.6% 10.3% 5.8% 19.1% 7.9% Aug. 2020 Japan Securities Finance Co., Ltd. 5,576 1.11 Total 302,536 60.09 0% 20% 40% 60% 80% 100% Individuals Regional Banks Overseas Investors Trust Banks (Investment Trusts, etc.) Other Financial Institutions Other *1 Major unitholders ranked in top 10 in unitholding ratio as of February 28, 2023. *2 Number of units held as a percentage of total units issued and outstanding, rounded down to the nearest hundredth. 72

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