Investor Presentaiton

30 Unrealized gain/loss Unrealized gain/loss and unrealized gain/loss rate (Dec. 2006 (1st Period) – Dec. 2017 (23rd Period)) - (100mn. yen) 100 Unrealized gain/loss Unrealized gain/loss rate (Unrealized gain/loss rate) 10.0% 0 (100) (200) (300) 46 48 29 33 -2.6% 3.1% 2.2% 3.0% -10.0% 2.0% -42 -13.3% -14.9% -15.0% -15.0% -14.8% -161 -19.9% -23.4% -22.7% -24.5% -216 -241 -242 -239 -240 -19.4% -21.6% -20.9% 0.2% 4 -2.2% 0.0% -7.3% -9.0% -48 -11.4% -10.0% -235 -150 -185 -20.0% -30.0% -310 -318 -320 -331 -351 -358 (400) -387 -40.0% Dec. Jun. Dec. Jun. Dec. Jun. Dec. Jun. 2006 2007 2007 2008 2008 2009 2009 2010 1st 2nd 3rd 4th 5th 6th 7th 8th Period Period Period. Period Period Period Period Period Dec. Jun. Dec. Jun. Dec. Jun. Dec. Jun. Dec. Jun. Dec. 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st Period Period Period Period Period Period Period Period Period Period Period Period Period Jun. Dec. Jun. Dec. 2016 2017 2017 22nd 23rd Period Period As of 23rd Period End (ended Dec. 2017) Book value: 226.4 bn. yen Appraisal value: 226.9 bn. yen Unrealized gain: 0.4 bn. yen MCUBS MidCity Investment Corporation

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