Investor Presentaiton

3-4. Initiatives to Improve Governance Policy on reduction of strategic shareholdings ESG Initiatives We review our strategic equity shareholdings on an ongoing basis with a view to reduce our holdings. We assess the rationale for owning the shares based on a quantitative evaluation and our relationship with the issuer. Sale results ✓ FY2019: 20.3 billion yen (13 stocks, 3.57 million shares) ✓ FY2020: 45.9 billion yen (3 stocks, 5.06 million shares) Status of shares held for purposes other than pure investment ✓ Number of stocks: 127 (including 58 listed stocks) ✓ Balance sheet amount: 639.9 billion yen (including 629.2 billion yen of listed stocks) MITSUI FUDOSAN CO.,LTD 56

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