Japan Logistics Fund Inc. announced that Naohiro Kameoka, the Executive Director of JLF, concerning the resignation on July 31, 2023. In accordance with the resignation, Substitute Executive Director, Ryota Sekiguchi, will assume the position as the new Executive Director from August 1, 2023. New Executive Director (expected to be appointed on August 1, 2023): Ryota Sekiguchi: The new Executive Director, Ryota Sekiguchi, was appointed as the Substitute Executive Director at the General Unitholders' Meeting held on October 20, 2022.

In addition, he also serves as a Chief Financial Officer, Managing Director of Accounting Dept. and Corporate Administration Dept. of Mitsui & Co., Logistics Partners Ltd., the asset management company of JLF.

He falls under the category of important employee of MLP. Leaving Executive Director (expected to leave on July 31, 2023): Naohiro Kameoka: MLP will perform necessary procedures, including notification, in accordance with the Financial Instruments & Exchange Act, the Building Lots and Buildings Transaction Business Act, and other applicable laws and regulations. Name: Ryota Sekiguchi.

April 1999: Nomura Securities Co.,Ltd. October 2001: Venus Fund Ltd. May 2006: Received MBA from The University of Texas at Austin McCombs school of Business. July 2007: Nikko Citigroup Limited (Currently SMBC Nikko Securities Inc.). December 2010: Finance & IR Dept.

of MLP. January 2020: Managing Director of Finance & IR Dept. of MLP.

April 2022: Chief Financial Officer, Managing Director of Finance & IR Dept., Accounting Dept. and Corporate Administration Dept. of MLP.

July 2023: Chief Financial Officer, Managing Director of Accounting Dept. and Corporate Administration Dept. of MLP (Present).

August 2023: Executive Director of JLF (Expected).