For Translation Purposes Only

January 6, 2017

For Immediate Release

United Urban Investment Corporation

Hitoshi Murakami Executive Officer (Securities Code: 8960)

Asset Management Company: Japan REIT Advisors Co., Ltd.

Ikuo Yoshida President and CEO

Inquiries: Kenichi Natsume Chief Financial Officer TEL: +81-3-5402-3680

Notice Concerning Determination of Number of Investment Units to be Issued for Issuance of New Investment Units by way of Third-party Allotment

United Urban Investment Corporation ("United Urban") hereby announces that it has received a notice to the effect that allottee exercises the right to purchase 12,065 new investment units in connection with the issuance of 12,065 new investment units by way of third-party allotment ratified at the board of directors of United Urban held on November 29, 2016 and December 7, 2016, as set forth below.

(1)

Number of investment units to be issued:

12,065 units

(2)

Amount to be paid in (issue value):

¥164,540 per unit

(3)

Total issue value:

¥1,985,175,100

(4)

Application period (Application date):

January 11, 2017 (Wednesday)

(5)

Payment date:

January 12, 2017 (Thursday)

(6)

Allottee:

SMBC Nikko Securities Inc.

Issuance of New Investment Units by way of Third-party Allotment

[Reference]

  1. This issuance of new investment units by way of third-party allotment ("Third-party Allotment") was ratified concurrently with the issuance of new investment units by public offering (public offering) and the secondary offering (secondary offering through over-allotment) at the board of directors of United Urban, held on November 29, 2016 and December 7, 2016.

    For details of the Third-party Allotment, please refer to the press release "Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units" dated November 29, 2016 and the press release "Notice Concerning Determination of Prices and Other Matters for Issuance of New Investment Units and Secondary Offering of Investment Units" dated December 7, 2016.

    Number of investment units currently issued and outstanding (as of January 6, 2017)

    3,043,022 units

    Increase in the number of investment units through the Third-party Allotment

    12,065 units

    Number of investment units issued and outstanding after the Third-party Allotment

    3,055,087 units

  2. Changes in Number of Investment Units Issued and Outstanding after the Third-party Allotment

  3. Use of Proceeds from the Third-party Allotment

The net proceeds from the Third-party Allotment (¥1,985,175,100) will be appropriated to fund other acquisition of specified assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment Corporations of Japan) in the future or a portion of repayment of the interest bearing debt.

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the issuance of new investment units of United Urban by way of third-party allotment and not for the purpose of soliciting any investment.

United Urban Investment Corporation published this content on 06 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 January 2017 07:17:03 UTC.

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