Investor Presentaiton

Growing Shareholder Value: NAV Growing Value Via Value-Add Capex NAV per Share Since October 2015: +39.2% 97,624 97,079 96,660 95,053 93,193 92,787 92,874 92,958 91,618 Specialized Office REIT Became in September 2015 87,934 85,957 84,076 81,155 78,336 76,400 73,493 70,117 Oct 2015 Apr Oct Apr Oct Apr Oct 2016 2016 2017 2017 2018 2018 Apr Oct Apr Oct 2019 2019 2020 2020 Apr Oct 2021 2021 Apr 2022 Oct Apr 2022 2023 Oct 2023 NAV per Share = BPS + Net Unrealized Capital Gains per Share 一期一会 ICHIGO Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved. (JPY) 10

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