Japan Real Estate Investment : Announcement of Joining RE100

NEWS RELEASE

May 31, 2022

For Immediate Release

Investment Corporation

Japan Real Estate Investment Corporation

Yutaka Yanagisawa, Executive Director

(TSE code: 8952)

Asset Management Company

Japan Real Estate Asset Management Co., Ltd.

Shojiro Kojima, President & CEO

Contact: Masaru Motooka

Executive Officer & General Manager

Planning Department

Phone: [phone]

Announcement of Joining RE100

Japan Real Estate Investment Corporation ("JRE") hereby announces that it has joined the international initiative RE100 as the first J-REIT on May 26.

（1）About RE100

The global corporate initiative led by The Climate Group in partnership with CDP which aims to procure 100% of electricity used in business activities from renewable energy, with 372 members (of which 71 are Japanese companies) joining globally (as of May 31, 2022).

1

（2）JRE's initiative

JRE aims to make 90% of electricity used at our buildings renewable electricity by 2030 and 100% by 2050. It has started to introduce renewable electricity into all of its properties of 100% operational control(*) and plans to complete all the switches by the end of September 2022.

1. "Properties of 100% operational control" refers to buildings in which JRE owns 100% ownership interest and for which JRE is able to make decisions alone (39 buildings as of June 1, 2022). Buildings for which JRE is not able to make decisions alone are excluded from the subject buildings, but JRE will discuss with co‐owners and try to introduce renewable electricity as soon as possible.

Going forward, JRE will continue to take sustainability seriously in its asset management. For more details on JRE's ESG initiatives, please refer to the following website.

JRE's ESG website:https://jre-esg.com/en/

This is the English translation of the announcement in Japanese dated May 31, 2022.

No assurance or warranties are given for the completeness or accuracy of this English translation.

2