Activia Properties : Notice Concerning Status of Repurchase of Own Investment Units

March 1, 2024

FOR IMMEDIATE RELEASE

Activia Properties Inc.

21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo

Nobuhide Kashiwagi

Executive Director

(Code: 3279)

Asset Management Company

TLC REIT Management Inc.

Akira Kubo

President & CEO

Inquiries

Manabu Kamikawara

General Manager of Strategy Department

Activia Management Division

(Tel: [phone])

Notice Concerning Status of Repurchase of Own Investment Units

Activia Properties Inc. ("API") announces the status of the repurchase of its own investment units conducted pursuant to the provisions of Article 80-2 of the Act on Investment Trusts and Investment Corporations (the "ITA") which are applied by replacing the terms and phrases of the provisions of Paragraph 2, Article 80-5 of the ITA.

Details are as follows:

Status of the repurchase of own investment units in February 2024

(1) Total number of investment units repurchased	8,990 units
(2) Total amount of investment units repurchased	3,521,502,000 yen
(3) Repurchase method	Open-market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the repurchase of own investment units concluded with a securities company
(4) Repurchase period	From February 1, 2024 to February 29, 2024 (on a trade date basis)

【Reference information】

1. Details of the resolution made by the board of directors meeting on January 17, 2024

(1) Total number of investment units to be repurchased	19,900 units (maximum) (2.46% of the total number of outstanding investment units (excluding the number of own investment units))
(2) Total amount of investment units to be repurchased	6,000,000,000 yen (maximum)

(3) Repurchase method	Open-market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the repurchase of own investment units concluded with a securities company
(4) Repurchase period	From January 18, 2024 to May 17, 2024

2.

Total number of investment units repurchased based on the above resolution (As of February 29, 2024)

(1) Total number of investment units repurchased	11,470 units
(2) Total amount of investment units repurchased	4,525,669,000 yen

*Website of API:https://www.activia-reit.co.jp/en/