Frontier Real Estate Investment Corporation terminated an existing lease contract for You Me Town Hiroshima (the ?Property?), owned by the Investment Corporation, with IZUMI Co. Ltd., the current tenant (master lessee), and concluded a new fixed-term building lease contract. The fixed-term building lease contract with the current tenant of the Property was scheduled to expire on February 19, 2028, but the Existing Contract with the current tenant was canceled by consent on February 29, 2024, and the New Contract has been concluded with the start date of the contract set as the day after the cancellation date of the Existing Contract.

The Investment Corporation believes that the conclusion of this new agreement will ensure the long-term stable operation of the Property and secure an increase in future cash flow, thereby contributing to the growth of the Investment Corporation. Tenant: IZUMI Co. Ltd. Type of contract: Fixed-term building lease contract (fixed-rent master lease contract).

Contract term 20 years (February 20, 2008 to February 19, 2028) for New contract: 24 years (March 1, 2024 to February 29, 2048). Annual rent for existing contract ¥1,490,000,000 and for new contract ¥1,534,700,000. Rent revision: Revision negotiable in March 2029, March 2034, and March 2039.