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Historical unit price 8,000 6,000 4,000 2,000 Unit price and trading volume for the past year (Trading volume, Unit) 342,000 yen (Jan. 4) Feb. 14, 2017 Earnings announcement 21st period 0 Jan. 2017 Feb. 150 100 50 0 -50 -100 Mar. Apr. May Aug. 15, 2017 Earnings announcement 22nd Period (Price, thousand yen) 400 Unit price Trading volume 350 375,000 yen (Dec. 29) 300 250 Jun. Jul. Aug. Sep. Oct. Nov. Dec. (Index (Note)) Indexed unit price after listing (Apr. 10, 2015 to Dec. 29, 2017) 2015 2016 Note: TSE REIT Index, JGB 10yr yield and MCUBS MidCity's unit price are indexed to 100, as at the price on Apr. 10 2015 70 MCUBS MidCity JGB 10yr yield TSE REIT Index 2017 Source: Thomson Reuters MCUBS MidCity Investment Corporation

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