Management Business and Leasing Business Overview

Appendix 2 Leasing Business Market Trends (Retail Facilities) Year-on-Year Change in Sales by Category 4% 0.3% 0.3% -0.0% -2.1% -0.7% 0% -2.1% -1.6% -1.7% -2.0% -0.5% -0.2% -0.7% 2.8% -2.8% -1.4% -1.5% -4.3% -4% -2.3% -2.6% -2.7% -3.2% -3.5% -2.6% -3.1% -4.3% -8% -6.8% General shopping centers Department stores Chain stores -12% 2002 2003 2004 2005 2006 2007 2008 -10.1% 2009 2010 (Calendar years) Source: Japan Department Stores Association, Japan Council of Shopping Centers, Japan Chain Stores Association Mitsui Fudosan: Year-on-Year Change in Sales by Type of Retail Facility 6% General shopping centers (market data) LaLaport (8 existing facilities) & Outlet parks (8 existing facilities) 2% -2.1% -2% 0.7% -2.2% -6% -4.2% -4.2% -6.0% -10% -7.7% -8.0% -14% 2009/1Q (4-6/2009) 2009/2Q (7-9/2009) 2009/3Q (10-12/2009) 2009/4Q (1-3/2010) 2010/1Q (4-6/2010) 2010/2Q (7-9/2010) 2010/3Q (10-12/2010) 2010/4Q (1-3/2011) Source: Japan Council of Shopping Centers 30 30

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