Notice Concerning CDP Climate Change Program Assessment Results: JMF Designated as “B Score”

December 14, 2022

To all concerned parties:

Investment Corporation

Japan Metropolitan Fund Investment Corporation

(Tokyo Stock Exchange Company Code: 8953）

Representative: Masahiko Nishida, Executive Director

URL: https://www.jmf-reit.com/english/

Asset Management Company

KJR Management

Representative:	Naoki Suzuki,
	President & Representative Director
Inquiries:	Keita Araki, Executive Officer &
	Head of Metropolitan Business Division
	TEL: [phone]

Notice Concerning CDP Climate Change Program Assessment Results:

JMF Designated as "B Score"

Japan Metropolitan Fund Investment Corporation ("JMF") hereby announces that it was designated as B score (leadership level) for 2022 by the Carbon Disclosure Project ("CDP") Climate Change Program, which assesses activities for disclosure of information related to climate change.

1. About CDP

CDP is an international non-profit organization researching countermeasures against global warming by listed companies with the support of institutional investors around the world managing total investments of $130 trillion. CDP has gradually come under the spotlight in recent years as private sector effort working to ensure the effectiveness of the Paris Agreement, which went into effect on November 4, 2016.

Since 2003, CDP has been sending out questionnaires every year to major companies around the world seeking the disclosure of information such as business risks and opportunities regarding greenhouse gas emissions and climate change. CDP then assesses corporate actions against the issue of climate change based on their responses. In terms of assessments, there are eight grades; A, A-, B, B-, C, C-, D and D-. JMF participated in CDP Climate Change Program in 2016 as the first participant in J-REIT, and this year is the 7th time.

For more details on the assessment, please refer to "Our work" in CDP's web site.

CPD Web Site: https://www.cdp.net/en

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2. Our Actions Regarding Sustainability

JMF and its asset manager, KJR Management ("Asset Manager") have proactively promoted sustainability initiatives for environment and entire society. In June 2021, JMF has established new CO2 emissions reduction targets toward realization of carbon neutrality by 2050.

1. Asset Manager's basic policy on sustainability

The Asset Manager has proactively promoted sustainability initiatives for environment and entire society.

Please refer to the site below for information on the Asset Manager's actions on sustainability:

Asset Manager's Web Site: https://kjrm-sustainability.disclosure.site/en/

1. JMF's basic policy on sustainability

JMF has proactively promoted sustainability initiatives for environment and entire society through communications with stakeholders, strengthening of connections with local communities by social contribution and environmental consciousness and reduction of environmental load of portfolio assets.

Please refer to the site below for information on JMF actions on sustainability: JMF Web Site: https://jmf-reit_sustainability.disclosure.site/en/

Reference Information: Environmental certifications of the properties

JMF acquired environmental certification for its portfolio through sustainability activities. Please refer to the site below for information on environmental certifications acquired by JMF: JMF Web Site: https://jmf-reit_sustainability.disclosure.site/en/themes/127/

JMF will continue to conduct operations giving consideration to environment and social responsibility.

This English language release is for informational purposes only, and the Japanese language release should be referred to as the original.

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