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Investor Presentaiton

Appendix 1 Leasing Business Market Trends (Office Buildings) Office Vacancy Rate (%) Mitsui Fudosan (Tokyo Metro/Parent basis) Central Tokyo 5 Wards, Grade-A (Source: CBRE) Central Tokyo 5 Wards (Souce: Miki Shoji) 9.04% 9.3% 10.0 (3/2012) (9/2012) 8.0 8.57% (6,8/2003) 6.0 4.0 5.8% 0.9% 2.49% (11/2007) (9/2003) (6/2006) 0.9% 2.0 (6/2007) (7/2006) 0.0 6.4% 8.9% (3/2012) (9/2012) 5.0% 4.4% 0.0% (9/2012) (3/2012) 2.16 2.0 Uncompleted (other 20 wards)) Uncompleted (central 3 wards)) Completed 1.54 3/2002 3/2003 3/2004 3/2005 3/2006 3/2007 3/2008 3/2009 3/2010 3/2011 3/2012 Trends of Supply Volume of Large-Scale Office Buildings within Tokyo's 23 Wards (Million m³) 2.5 Past supply volume (annual average) 1.08 million m²/year (total floor space) 1.81 Source: Miki Shoji Co., Ltd., CB Richard Ellis Forecast supply volume after '12 (annual average) 0.90 million m²/year (total floor space) 1.5 1.25 1.21 1.19 1.17 0.78 0.99 0.72 0.91 0.77 0.86 0.85 0.87 0.90 1.0 0.5 0.36 التاء 0.65 0.57 0.13 0.23 1.03 0.03 0.54 0.74 0.67 0.34 Source: Mori Building Co., Ltd. (As of September 26, 2012) 0.0 98 99 00 01 02 03 04 ठ 90 05 06 07 08 09 10 11 12 13 14 15 16 (Calendar year) 34
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