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Investor Presentaiton

Stable growth during the pandemic of COVID-19 Achieving both stability and growth even in harsh environments Positioning under the Infectious Diseases Control Law Transition of end tenant sales (Note 1 2) Jan. 2020 (14th FP) Jul. 2020 (15th FP) Jan. 2021 (16th FP) Jul. 2021 (17th FP) Jan. 2022 (18th FP) Jul. 2022 (19th FP) Jan. 2023 (20th FP) Jul. 2023 (21st FP) Designated Category V Infectious infectious diseases Pandemic Influenza (Novel Influenza or Re-emerging Influenza) (equivalent Category II Infectious Diseases) To represent changes from the time before the spread of the COVID-19, sales for each Jul. FP are calculated by comparing the record with FP Jul. 2019, and sales for each Jan. FP are calculated by comparing with FP Jan. 2020 88.9% 83.8% 86.9% 87.8% 93.0% Diseases 95.0% Performance of DPU Follow-on offering ONLY 73.0% Cash- on-hand Follow-on offering Follow-on offering Acquisition of AEON MALL Fukutsu Acquisition of AEON MALL Tamadaira woods Acquisition of AEON Ueda Shopping Center Acquisition of AEON MALL Takasaki and other 3 properties 3,074 yen 3,178 yen (Initial forecast: 3,125 yen) 3,184 yen (Initial forecast: 3,130 yen) 3,200 yen (Initial forecast: 3,200 yen) 3,315 yen (Initial forecast: 3,315 yen) 3,274 yen (Initial forecast: 3,270 yen) 3,283 yen (Initial forecast: 3,270 yen) Acquisition of AEON MALL Wakayama and another property 3,350 yen (Initial forecast: 3,350 yen) (Initial forecast: 3,025 yen) 14th FP 15th FP 16th FP 17th FP 18th FP 19th FP 20th FP 21st FP 20 20 ÆON REIT Investment Corporation
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