NIPPON REIT Investment : Notice Concerning Building-Housing Energy-efficiency Labeling System (BELS) Certification

December 3, 2021

For Immediate Release

Real Estate Investment Trust Securities Issuer:

NIPPON REIT Investment Corporation

1-18-1 Shimbashi, Minato-ku, Tokyo

Toshio Sugita

Executive Officer

(Securities Code: 3296)

Asset Management Company:

Sojitz REIT Advisors K.K.

Toshio Sugita

President, Director & CEO

Contact:Takahiro Ishii

General Manager

Corporate Planning Department

Finance & Planning Division

(TEL: [phone])

Notice Concerning

Building-HousingEnergy-efficiency Labeling System (BELS) Certification

NIPPON REIT Investment Corporation ("NIPPON REIT") announces that seven of its properties received Building-HousingEnergy-efficiency Labeling System ("BELS") certification. As a result, there are twenty BELS certified properties in NIPPON REIT's portfolio.

1. Overview of BELS

BELS is a system in which a third-party organization evaluates and displays the energy-saving performance of all buildings, newly built and existing buildings. In April 2014, the system first started for non-residential buildings, and from April 2016, BELS expanded the scope of coverage to include residential buildings, and started its operation as one of the third-party certifications in accordance with the "Guidelines for Displaying Energy-Saving Performance of Buildings" which is a guideline based on Article 7 of the "Act on the Improvement of Energy Consumption Performance of Buildings."

BELS website (Japanese only):https://www.hyoukakyoukai.or.jp/bels/bels.html

2. BELS Certified Properties and Certification Summary

	Property Name	I•S Minamimorimachi Building
	Location	2-6-5,Higashi-Temma,Kita-ku,
		Osaka, Osaka
	Site Area	796.15 m2
	Total Floor Area	6,509.84 m2
	Completion	August 1993
	Structure/Floor	Steel-framed reinforced concrete
		structure with flat roof, B1/10F
	Certification	★★★
	Rank

1

	Property Name	FORECAST Shinjuku AVENUE
	Location	2-5-12, Shinjuku, Shinjuku-ku, Tokyo
	Site Area	741.00 m2
	Total Floor Area	5,657.17 m2
	Completion	September 2008
	Structure/Floor	Steel-framed,steel-framed reinforced
		concrete structure with flat roof,
		B1/10F
	Certification	★★
	Rank

	Property Name	FORECAST Ichigaya
	Location	3-29 Ichigaya Honmura-cho,
		Shinjuku-ku, Tokyo
	Site Area	809.55 m2
	Total Floor Area	5,404.86 m2
	Completion	August 2009
	Structure/Floor	Steel-framed,steel-framed reinforced
		concrete structure with flat roof, B1/9F
	Certification	★★
	Rank

2

	Property Name	FORECAST Waseda FIRST
	Location	1-1Babashita-cho,Shinjyuku-ku,
		Tokyo
	Site Area	1,722.47 m2
	Total Floor Area	5,961.95 m2
	Completion	July 1986
	Structure/Floor	Steel-framed reinforced concrete
		structure with flat roof, 8F
	Certification	★★
	Rank

	Property Name	Sannomiya First Building
	Location	3-2-11, Isobedori, Chuo-ku, Kobe,
		Hyogo
	Site Area	819.73 m2
	Total Floor Area	5,019.79 m2
	Completion	November 1993
	Structure/Floor	Steel structure with flat roof, 9F
	Certification	★★
	Rank

3

	Property Name	Alte Building Higobashi
	Location	1-15-27, Edobori, Nishi-ku, Osaka,
		Osaka
	Site Area	543.72 m2
	Total Floor Area	4,503.74 m2
	Completion	June 1993
	Structure/Floor	Steel structure with flat roof, B1/10F
	Certification	★★
	Rank

	Property Name	Splendid Namba
	Location	2-1-23, Inari, Naniwa-ku, Osaka,
		Osaka
	Site Area	1,067.80 m2
	Total Floor Area	8,031.78 m2
	Completion	January 2015
	Structure/Floor	Reinforced concrete structure with flat
		roof, 15F
	Certification	★
	Rank

3. Future Effort of NIPPON REIT

NIPPON REIT will continue its efforts on reducing environmental impact by implementing energy-saving and efficient energy use measures to its properties.

• NIPPON REIT website:http://www.nippon-reit.com/en

This notice is the English translation of the original Japanese document and is provided solely for information purposes. There is no assurance as to the accuracy of the English translation. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

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