e04f599a-237a-4a31-9a36-05d9091535f8.pdf For Immediate Release

July 22, 2016

Investment Corporation: Daiwa House Residential Investment Corporation 7th Floor, Nissei Nagatacho Building

2-4-8 Nagatacho, Chiyoda-ku, Tokyo Jiro Kawanishi, Executive Director

(Code Number: 8984)

Asset Manager: Daiwa House Asset Management Co., Ltd. Koichi Tsuchida, President and CEO

Inquiries: Hirotaka Uruma

Director and General Manager Finance and Corporate Planning Department (CFO)

TEL: +81-3-3595-1265

Notice Concerning Change of Directors and Important Employees at the Asset Manager

Daiwa House Residential Investment Corporation ("DHI") announces that Daiwa House Asset Management Co., Ltd., the asset manager to which DHI entrusts the management of its assets (the "Asset Manager"), decided at a meeting of the board of directors held today that it would bring up the election of the Asset Manager's directors at an extraordinary general meeting of shareholders scheduled to be held on August 1, 2016, and that it would change the important employees, as outlined below. Note that change of directors and the important employees is scheduled to be effective as of September 1, 2016.

In addition, please be informed that the Asset Manager received the resignation letter from the director below.

  1. Personnel Changes

  2. Directors to assume (Effective on September 1, 2016)

    Director and Head of Investment Management Division Kenjiro Matsutake

    • The Asset Manager is scheduled to elect Kenjiro Matsutake as Senior Managing Director and Head of Investment Management Division on September 1, 2016 at an extraordinary meeting of the board of directors scheduled to be held on September 1, 2016.

      Director and General Manager, Finance and Corporate Planning Department (CFO) Haruto Tsukamoto

      Acareer summary of the above prospectives is as described in the attachment.

      (Reference) New Executive Structure of the Asset Manager (Effective on September 1, 2016)

      President and CEO Koichi Tsuchida

      Senior Managing Director and Head of Investment Management Division Kenjiro Matsutake

      Managing Director and General Manager, Administration and Accounting Department Masahiko Arima

      Managing Director and General Manager, Investment Department Isao Mikami

      Director and General Manager, Finance and Corporate Planning Department (CFO) Haruto Tsukamoto

      Corporate Auditor (part-time) Hiroshi Tobita

      Compliance Officer Hirofumi Wakui

  3. Director to resign (Effective on July 31, 2016)

    Director and General Manager, Finance and Corporate Planning Department (CFO) Hirotaka Uruma

    • Masahiko Arima, Managing Director and General Manager, Administration and Accounting Department, will also hold the post of General Manager, Finance and Corporate Planning Department (CFO) for the period from the resignation of Hirotaka Uruma, Director and General Manager, Finance and Corporate Planning Department (CFO), to appointment of Haruto Tsukamoto to Director and General Manager, Finance and Corporate Planning Department (CFO).

  4. Changes of the Important Employees

  5. New (Effective on September 1, 2016)

    Director and Head of Investment Management Division Kenjiro Matsutake

    General Manager, Compliance Department Toshiharu Asada

    Acareer summary of the above prospective is as described in the attachment.

  6. Former (Effective on August 31, 2016)

  7. General Manager, Compliance Department Yoshikazu Takahashi

  8. Other

  9. The notification and other procedures required by the Financial Instruments and Exchange Act, Act on Investment Trusts and Investment Corporations or other applicable laws and regulations will be performed promptly for this matter.

    • This press release (original Japanese version) is to be distributed to the Kabuto Club (the press club of the Tokyo Stock Exchange); the Ministry of Land, Infrastructure, Transport and Tourism Press Club; and the Ministry of Land, Infrastructure, Transport and Tourism Press Club for Construction Publications.

    • URLof the DHI's website: http://daiwahouse-resi-reit.co.jp/eng/

    Attachment [Reference] Career Summary of New Appointees

    Name

    Career summary

    (company names, etc. are as of that time)

    Kenjiro Matsutake

    Apr.1983

    Joined Daiwa House Industry Co., Ltd.

    Jan. 1994

    Manager, Commercial Facilities Marketing Headquarters, Osaka Head Office, Daiwa House Industry Co., Ltd.

    Oct.1999

    Sales Office Manager, Commercial Facilities Sales Office, Shiga Branch, Daiwa House Industry Co., Ltd.

    Apr.2004

    Manager, LOC Promotion Office, Commercial Facilities Business Promotion Department, Marketing Headquarters, Daiwa House Industry Co., Ltd.

    Jan. 2005

    Director and General Manager, Planning Department, Morimoto Asset Management Co., Ltd. (currently, Daiwa House Asset Management Co., Ltd.) (seconded)

    Nov. 2005

    Senior Managing Director, Morimoto Asset Management Co., Ltd.

    Oct.2006

    Director and Executive Manager, Investment Management Department, Daiwa House REIT Management Co., Ltd. (seconded)

    May 2009

    President and CEO, Daiwa House REIT Management Co., Ltd. Executive Director, Daiwa House REIT Investment Corporation

    Aug. 2012

    Director and Executive Manager, Investment Management Department, Daiwa House REIT Management Co., Ltd.

    Apr.2015

    Managing Director and Executive Manager, Investment Management Department, Daiwa House REIT Management Co., Ltd. (current position) (Note)

    Sep. 2016

    Senior Managing Director and Head of Investment Management Division, Daiwa House Asset Management Co., Ltd. (planned)

    Name

    Career summary

    (company names, etc. are as of that time)

    Haruto Tsukamoto

    Apr. 1983

    Joined The Mitsui Trust and Banking Company, Limited

    Aug. 2003

    Branch Manager, Yachiyo Branch, The Chuo Mitsui Trust and Banking Company, Limited

    Nov. 2004

    General Manager, Sales Department I, Nagoya Branch, and Satellite Office Manager, Kanayamabashi Satellite Office, The Chuo Mitsui Trust and Banking Company, Limited

    Jul. 2006

    General Manager, Sales Department II, Nagoya Branch, The Chuo Mitsui Trust and Banking Company, Limited

    Jan. 2008

    Branch Manager, Urawa Branch, The Chuo Mitsui Trust and Banking Company, Limited

    Jul. 2009

    Chief Operational Auditor, Operational Audit Group, Internal Audit Department, The Chuo Mitsui Trust and Banking Company, Limited

    Mar. 2011

    Mitsui Memorial Hospital (seconded)

    Apr. 2013

    Deputy Director General, Internal Audit Department, Sumitomo Mitsui Trust Bank, Limited

    Nov. 2014

    Director and Executive Manager, Finance Department, Daiwa House REIT Management Co., Ltd. (seconded) (current position) (Note)

    Apr. 2016

    Daiwa House REIT Management Co., Ltd. (employment transfer)

    Sep. 2016

    Director and General Manager, Finance and Corporate Planning Department (CFO), Daiwa House Asset Management Co., Ltd. (planned)

    Toshiharu Asada

    Apr. 1982

    Apr. 2004

    Dec. 2004

    Nov. 2005

    Jan. 2006

    May 2008

    Sep. 2008

    Oct. 2011

    Apr. 2013

    Sep. 2016

    Joined The Mitsui Trust and Banking Company, Limited Asset Business Consulting Inc. (seconded)

    Director and General Manager, Finance Department, Morimoto Asset Management Co., Ltd. (currently, Daiwa House Asset Management Co., Ltd.) (seconded)

    Senior Managing Director, Morimoto Asset Management Co., Ltd. President and CEO, Morimoto Asset Management Co., Ltd.

    Advisor and General Manager, Administration and Accounting Department, OM Service Co., Ltd.

    Managing Director and General Manager, Administration and Accounting Department, OM Service Co., Ltd.

    Joined The Chuo Mitsui Trust and Banking Co., Ltd.

    Compliance Officer, Daiwa House REIT Management Co., Ltd. (seconded) (current position) (Note)

    Daiwa House REIT Management Co., Ltd. (employment transfer)

    General Manager, Compliance Department, Daiwa House Asset Management Co., Ltd. (planned)

    (Note) Scheduled to resign from the current position on Augusut 31, 2016.

Daiwa House Residential Investment Corporation published this content on 22 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 July 2016 04:08:01 UTC.

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