Ichigo Preserves and Improves Real Estate

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

Issuer

Ichigo Office REIT Investment Corporation (8975)

1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo Representative: Yoshihiro Takatsuka, Executive Director www.ichigo-office.co.jp/english

February 24, 2017

Asset Management Company

Ichigo Investment Advisors Co., Ltd.

Representative: Wataru Orii, President

Inquiries: Hiroto Tajitsu, Head of Business Administration Tel: +81-3-3502-4891

Changes in Statutory Executive Officers, Key Personnel, and Organization of the Asset Management Company

Ichigo Investment Advisors ("IIA"), the asset management company of Ichigo Office REIT, decided today on the following changes to statutory executive officers, key personnel, and organization, effective March 1, 2017.

Statutory Executive Officers and Key Personnel

Name

New Position

Current Position

(as of February 24, 2017)

Wataru Orii

President & Representative Statutory Executive Officer (Overall Company Management)

Unchanged

Kenji Shibasaki

Senior Executive Managing Director

& Statutory Executive Officer (Private Funds)

Head of Private Funds Division Head of Portfolio Management

Senior Executive Managing Director

& Statutory Executive Officer (Finance)

Head of Finance

Shinichi Fukasawa

Executive Managing Director & Statutory Executive Officer (Office REIT)

Unchanged

Takayoshi Hiiro

Senior Statutory Executive Officer (Green Infrastructure)

Unchanged

Masanori Kubota

Statutory Executive Officer (Finance) Head of Finance Division

Head of Finance

Statutory Executive Officer (Finance, Accounting)

Deputy Head of Finance Division Head of Finance

Mitsutaka Shimada

Statutory Executive Officer (Acquisitions & Sales)

Unchanged

Hiroto Tajitsu

Statutory Executive Officer (Business Administration)

Unchanged

Hiroshi Iwai

Statutory Executive Officer (Hotel REIT)

Unchanged

Note: Executive Vice President Takumi Naito will become a Director of Ichigo Owners on March 1, 2017.

Corporate Reorganization

IIA will establish an IR Team within the Administration Division to carry out investor relation activities on behalf of Ichigo Office REIT, Ichigo Hotel REIT (3463), and Ichigo Green (9282).

IIA Organization Chart

Before Change

After Change (effective March 1, 2017)

These changes in organization, statutory executive officers, and key personnel will be conducted in accordance with the provisions of the Financial Instruments and Exchange Law, the Building Lots and Buildings Transaction Business Law, and other applicable laws and regulations.

Ichigo Office REIT Investment Corporation published this content on 24 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 February 2017 08:38:07 UTC.

Original documenthttp://www.ichigo-office.co.jp/module/_newsPdfReit/485/IchigoOffice_20170224_Changes_in_Directors_and_Organization_ENG.pdf

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