Japan Metropolitan Fund Investment Corporation announced that KJR Management (the "Asset Manager"), the asset management company of the Investment Corporation, has resolved at the Board of Directors' meeting held on December 7, 2022 to implement the following organizational changes (the "Organizational Change"), and has decided to submit a notice of change in association thereof. Establishment of the Investment Division: With the recent launch of its private fund business, the Asset Manager has decided, in order to improve sourcing capabilities and efficiency of underwriting operations by consolidating information on property sales and purchases, to newly establish the Investment Division that will be responsible for the business relating to investment by transferring such business that is currently under the control of the Metropolitan Business Division, Industrial Division and Private Fund Business Department to the Investment Division.