ITOCHU Advance Logistics Investment Corporation announced that it has secured from its sponsors ITOCHU Corporation and ITOCHU Property Development Ltd. ("ITOCHU Property Development") and Sanyo Electric Railway Co. Ltd. ("Sanyo Electric Railway"), the co-developer of this property, the right to conduct negotiations on a preferential basis ("Preferential Negotiation Rights") regarding the purchase and sale of the logistics facility provisionally named "i Missions Park Minoh (plan)" (called "Property"). Acquisition terms and conditions, including price and timing, are yet to be determined. ITOCHU REIT Management Co. Ltd. ("IRM"), IAL's asset management company, will conduct due diligence in advance of the acquisition. Acquisition decisions will be made in accordance with the requirements stated in IRM's Rules for Transactions with Interested Parties. Please note that, while IAL has been granted Preferential Negotiation Rights to the Property, this does not mean that it will necessarily be able to acquire the Property and does not oblige it to purchase the Property. IAL will make no payment to ITOCHU Corporation, ITOCHU Property Development or Sanyo Electric Railway for the acquisition of the Preferential Negotiation Rights. IAL secured the new Preferential Negotiation Rights to the Property based on the separate sponsor support agreements it has concluded with IRM and ITOCHU Corporation on one hand and with IRM and ITOCHU Property Development on the other. This case is an example in practice of the "collaborative growth relationship" through which IAL and ITOCHU Group achieve mutual growth. Under this arrangement, the two closely connected ITOCHU Group sponsors use their Realty and Logistics Platform to realize land purchase and facility development, which secures for IAL further opportunities to acquire properties in the future. Through timely property acquisition of this kind, IAL aims to achieve external growth and increase in investor value.