NIPPON REIT Investment : Notice Concerning Change of Director at the Asset Management Company

March 31, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer:

NIPPON REIT Investment Corporation

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

Hisao Ishikawa

Executive Officer

(Securities Code: 3296)

Asset Management Company:

Sojitz REIT Advisors K.K.

Toshio Sugita

President, Director & CEOContact:

Takahiro Ishii

General Manager

Corporate Planning Department

Finance & Planning Division

(TEL: [phone])

Notice Concerning Change of Director at the Asset Management Company

NIPPON REIT Investment Corporation ("NIPPON REIT") announces that Sojitz REIT Advisors K.K.("SRA"), which is the asset management company of NIPPON REIT, resolved at its Board of Directors Meeting held today, to submit the change of its Director as follows, to SRA's Shareholder Meeting, and the change was approved at the Shareholder Meeting held on the same day.

Change of Director (April 1, 2022)

To be appointed	To be resigned
Senior Managing Director (full-time) Kei Ito	Senior Managing Director (full-time) Yu Mizuike

For detail of Career summary of the new director, please refer to the attachment.

Furthermore, required procedures including notification etc. of the above change will be taken in accordance with the provisions of the Financial Instruments and Exchange Act and the Building Lots and Buildings Transactions business Act and other applicable laws and regulations.

* NIPPON REIT Investment Corporation website:https://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.

Attachment

Career Summary of the New Director

Title	Name	Career summary
Senior Managing Director (full-time)	Kei Ito	Apr. 1991 Apr. 2003 Apr. 2009 Jul. 2012 Jul. 2014 Jul. 2016 Jul. 2017 Apr. 2021 Jun. 2021 Jul. 2021 Apr. 2022	Nissho Iwai Corporation (currently Sojitz Corporation) Manager, Urban Housing Section, Urban Development Construction Department, Sojitz Corporation Sojitz General Property Management Corporation (currently Sojitz LifeOne Corporation) (temporary transfer) Manager, Section 3, Asset Management Department, Sojitz Corporation Sojitz New Urban Development Corporation (temporary transfer) Executive Officer, Sojitz New Urban Development Corporation (temporary transfer) Managing Executive Director, Sojitz New Urban Development Corporation (temporary transfer) Asset Management Department, Retail & Consumer Service Division, Sojitz Corporation Sojitz New Urban Development Corporation (temporary transfer) Managing Executive Director, Sojitz New Urban Development Corporation (temporary transfer) Senior Managing Director and Senior General Manager of Investment Management Division, Sojitz REIT Advisors K.K. (temporary transfer) (scheduled)