Hoshino Resorts REIT : Notice Concerning Appointment of Director at Asset Management Company

February 25, 2022

For Immediate Release

REIT Securities Issuer

Hoshino Resorts REIT, Inc.

Representative: Kenji Akimoto, Executive Director

(Code: 3287)

Asset Management Company

Hoshino Resort Asset Management Co., Ltd.

Representative: Kenji Akimoto, President & CEO

Contact: Takahiro Kabuki, Director & CFO

TEL: [phone]

Notice Concerning Appointment of Director at Asset Management Company

Hoshino Resort Asset Management Co., Ltd., to which Hoshino Resorts REIT, Inc. entrusts asset management, announces that it resolved at its Board of Directors' Meeting held today to submit a proposal to the Ordinary Shareholders' Meeting the election of the following new director, and that the proposal was approved at the Ordinary Shareholders' Meeting held on the same day.

Appointment of Director (as of February 25, 2022)

Name		New		Previous
		Director, Chief Investment Officer,		Chief Investment Officer, General
		General Manager of Asset
			Manager of Asset Management
Etsuro Takahashi		Management Department I &
		Department I & General Manager of
		General Manager of Asset
			Asset Management Department II
		Management Department II

Required procedures such as notification, etc. of the above change will be conducted in accordance with the provisions of the Financial Instruments and Exchange Act, and other applicable laws and regulations.

• Hoshino Resorts REIT, Inc. website address:https://www.hoshinoresorts-reit.com/en/