[Translation]

August 24, 2022

To Whom It May Concern

Kiyoyuki Tsuchimoto

Representative Executive Officer,

President and CEO

Heiwa Real Estate Co., Ltd.

(Code No. 8803) TSE Prime Market,

NSE Premier Market,Fukuoka, and Sapporo

Notice Regarding The Status and Conclution of Own Shares Repurchases

(Acquisition of Own Shares according to the Provisions of the Articles of Incorporation pursuant to the Provisions

of Paragraph 2, Article 165 of the Companies Act)

Heiwa Real Estate Co., Ltd. (the "Company") hereby announced the status of repurchases of shares of its common stock conducted pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act. This concludes Company's repurchase of its common stock authorized by the Board of Directors' meeting held on April 28, 2022.

Particulars

1.

Class of shares repurchased:

Common stock of the Company

2.

Total number of shares repurchased:

149,000 shares

3.

Aggregate repurchased amount:

566,137,495 yen

4.

Period for repurchases:

From August 1, 2022, to August 23, 2022(contractual basis)

5.

Method of repurchase:

Acquisitions on the Tokyo Stock Exchange

(Reference)

1. Details of the resolution approved at the board of directors' meeting held on April 28, 2022

(1)

Class of shares to be acquired:

Common stock of the Company

(2)

Total number of shares to be acquired:

750,000 shares (upper limit)

(Ratio to the number of outstanding shares (excluding

treasury shares): 2.05%)

(3)

Aggregate amount of acquisition cost:

2.5 billion yen (upper limit)

(4)

Period of acquisition:

From May 2, 2022 to August 31, 2022

2. Total number and value of shares repurchased pursuant to the resolution approved at the Board of Directors' meeting held on April 28, 2022(as of August 23, 2022):

(1)

Total number of shares repurchased:

646,100 shares

(2)

Aggregate repurchased amount:

2,499,817,973 yen

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Heiwa Real Estate Co. Ltd. published this content on 24 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2022 06:17:03 UTC.