Mitsubishi Estate Co., Ltd. announces the decision made at the Board of Directors' meeting held February 16, 2023 to approve a change of company president and Chairman of the Board on April 1, 2023. The company appointed Hirotaka Sugiyama as director of the company from the former position as Chairman of the Board. Junichi Yoshida appointed as Chairman of the Board from the former position as Director, Representative Corporate Executive Officer, President & Chief Executive Officer.

Atsushi Nakajima appointed as Atsushi Nakajima Director, Representative Corporate Executive Officer, President & Chief Executive Officer from the former position as Director, Representative Corporate Executive Officer, Executive Vice President. Biography of the President To be Appointed: Name Atsushi Nakajima: Date of Birth August 9, 1963. April 1986 Joined Mitsubishi Estate; April 2011 Director, Deputy President of Rockefeller Group International Inc.; January 2014 President & Chief Executive Officer of Rockefeller Group International, Inc; April 2015 Executive Officer, President & Chief Executive Officer of Rockefeller Group International, Inc; April 2016 Executive Officer, General Manager of Americas & Europe Business Department; April 2017 Executive Officer, General Manager of International Business Planning Department; April 2018 Senior Executive Officer, In charge of International Business Planning Department; April 2020 Senior Executive Officer, In charge of Project Planning Department, Urban Project Development Department,Logistics Facilities Development Department, Hotel Business Department; April 2022 Representative Corporate Executive Officer, Executive Vice President, In charge of Corporate Planning Department, Sustainability Management and Promotion Department; June 2022 Director, Representative Corporate Executive Officer, Executive Vice President, In charge of Corporate Planning Department, Sustainability Management and Promotion Department; April 2023 Director, Representative Corporate Executive Officer, President & Chief Executive Officer planned.