Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953)

News Release - March 23, 2017

Asset Manager Announces Change to Its Directors

Japan Retail Fund Investment Corporation ("JRF") hereby announces the resolution of Mitsubishi Corp.-UBS Realty Inc., the asset manager of JRF, made at its board of directors meeting today, regarding the appointment of new director following resignation of director indicated below, which will be proposed at the extraordinary meeting of shareholders scheduled to be held on March 31, 2017.

  1. New Director (scheduled effective date: April 1, 2017)

    Katsuhisa Sakai

  2. Resigning Director (scheduled effective date: March 31, 2017)

Katsuji Okamoto

Regarding the above changes, JRF will follow procedures required by the Financial Instruments and Exchange Act, Building Lots and Buildings Transaction Business Act and other applicable laws and regulations. Please refer to the attachment for the brief biography of the new director.

About JRF: JRF is the third listed Japanese Real Estate Investment Trust ("J-REIT") and the first J-REIT to focus exclusively on retail properties. Please refer to our website at http://www.jrf-reit.com/english/index.html for further details.

Contacts: For further information relating to this news release as well as JRF and Mitsubishi Corp.-UBS Realty Inc., its Asset Manager, please feel free to contact:

Mr. Keita Araki (Telephone Number: 81-3-5293-7080), Head of Retail Division at Mitsubishi Corp.-UBS Realty Inc. Investor Relations: Telephone Number: 81-3-5293-7081

E-mail: jrf-8953.ir@mc-ubs.com

This English language release is for informational purposes only, and the Japanese language release should be referred to as the original.

Attachment

As of March 23, 2017

Job title / permanent or part-time

Name

Brief Biography

Director (Part-time)

Katsuhisa Sakai

Apr. 1994 Mitsubishi Corporation, Project Development & Construction Dept. Apr. 1996 Project Development & Construction Dept. B, Mitsubishi Corporation Jul. 2003 Global Real Estate Investment Unit, Mitsubishi Corporation

Apr. 2004 Mitsubishi Corp.-UBS Realty Inc. Nov. 2004 Diamond Realty Management Inc.

May 2008 Director, Diamond Realty Management Inc.

Dec. 2008 Strategic planning, Group CEO Office, Industrial Finance, Logistics and Development Group, Mitsubishi Corporation

Aug. 2011 Department Head, Industrial Finance, Logistics and Development Dept., Singapore Branch, Mitsubishi Corporation

Aug. 2014 Deputy General Manager, Department Manager, Industrial Finance, Logistics & Development Hanoi Representative Office, Mitsubishi Corporation

May 2016 Head of North America Investment Team, North America Real Estate Development Dept., Real Estate Business Div., Mitsubishi Corporation

Apr. 2017 General Manager, Real Estate Asset Management Dept., Real Estate Business Div., Mitsubishi Corporation (present post)

Part-time Director of Mitsubishi Corp.-UBS Realty Inc. (scheduled)

Japan Retail Fund Investment Corporation published this content on 23 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 March 2017 06:05:07 UTC.

Original documenthttp://www.jrf-reit.com/upd3/irpr_news/pdf/xjs24758D364F486FB59.pdf

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