Certain Investment Units of Takara Leben Real Estate Investment Corporation are subject to a Lock-Up Agreement Ending on 21-NOV-2022. These Investment Units will be under lockup for 90 days starting from 23-AUG-2022 to 21-NOV-2022.

Details:
Takara Leben Co., Ltd., Leben Community Co., Ltd., and Yamada Holdings Co., Ltd. agrees with the Joint Lead Manager regarding the Public Offering that 180 days have passed since the issue price determination date and the delivery date of the Public Offering. They agree that they will not sell, etc. the Investment Units that they have held since before the public offering without the prior written consent of the Joint Lead Manager until the date of the public offering. In the above cases, the Joint Lead Managers have the right to remove all or part of the restriction or shorten the restriction period at their discretion.

The Investment Corporation will negotiate with the joint lead managing company for the period from the issue price determination date to the day 90 days after the delivery date of the public offering. It hereby agree not to issue investment units (excluding the issuance of investment units through public offering and split of investment units, etc.) without obtaining the written consent of. In the above cases, the Joint Lead Managers have the right to remove all or part of the restriction or shorten the restriction period at their discretion.