Investor Presentaiton

1-1. Trajectory of Growth of Mitsui Fudosan's Logistics Facilities Business and 3rd Follow-On Offering [2 of 2] Leasing capability leveraging client network MITSUI FUDOSAN Office building business Approx. 3,000 firms * Fully leverage the Mitsui Fudosan Group's broad client network Retail facility business Approx. 2,300 firms * Strong relationships with leading 3PL operators *Source: Disclosed financial results materials of Mitsui Fudosan for the fiscal year ended March 31, 2019 Mitsui Fudosan MFLP Logistics Park Inc. Solutions-based asset management MFLP-REIT Evolution of solutions-based asset management Challenges facing logistics firms End user Logistics firm (3PL operator, etc.) Improving the efficiency of operations Addressing BCP, etc. Labor shortage Anticipation of future rises in delivery costs Responding to automation Properties defined in "Right of first look and preferential negotiation rights agreement" * 10 properties 1,180,000 m² Stably-operated as leasing progress Construction completed: 760,000 m² Construction not completed: 420,000 m² NEW NEW MFLP Hino (75%) MFLP Ibaraki MFLP Funabashi II MFLP Osaka l MFLP Yachiyo Katsutadai NEW NEW Further expansion of properties defined in "Right of first look and preferential negotiation rights agreement" MFLP Kawaguchi | MFLP Hiratsuka II MFLP Yokohama Kohoku MFLP Tosu MFLP-REIT's asset size (After acquisition of properties acquired in the 8th FP) 18 properties 950,000 m² 205.0 billion yen Location Quality Balance 3rd follow-on offering Number of newly issued investment units 62,000 units (29.7 billion yen) Number of investment units issued and outstanding after follow-on offering 441,000 units Rampway Properties acquired in the 8th FP Slope MFLP Funabashi III Rampway MFLP Prologis Park Kawagoe (50%) MFLP Hiroshima I MFLP Sakai (80%) Acquisition price 48.3 billion yen *For further details, please refer to "Properties defined in 'Right of first look and preferential negotiation rights agreement"" on p. 43. Continuous external growth 4

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