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Investor Presentaiton

Internal growth (3/3) Future plans ~ Aim to maintain and enhance property value, and raise rents, through continuous revitalization investments Rent growth through revitalization investment ~ AEON Ueda SC ~ Property Actual Completion of construction 18th FP Overview of construction Exterior wall painting AEON Ueda SC Plan 22nd FP Large-scale refurbishment Total Investment amount Rent growth vs investment (annual) 271 mm yen +6.5% 892 mm yen +6.5% 1,163 mm yen Plan for revitalization work ►Started revitalization work, based on agreement at the time of acquisition. Completion expected in the 22nd FP Acquisition Exterior wall painting Large-scale refurbishment work Plan for revitalization work ► Changed zoning of GMS sales floor area and changed floor, etc., to improve circulation of customers when shopping ►Newly introduced gathering space, and play area with wooden toys, to create a mall environment that is comfortable for everyone Oct. 2020 2021 Oct. 2022 Aug. ~ Signed Basic Agreement regarding revitalization work with subsequent rent increase (To be conducted by Feb. 2025) (Example) Change floor layout to enhance circulation of customers/Tenant leasing to make specialty store zone more attractive / Renewal of food court, etc. ÆON REIT Investment Corporation Introduced play area with wooden toys Changed floor with good visual effects 16
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