Mitsubishi Estate : Notice Concerning Changes in Organization, Changes in Representative Corporate Executive Officers and Other Personnel (PDF 199KB)

February 18, 2021

To whom it may concern:

Company name: Mitsubishi Estate Co., Ltd. Representative: Junichi Yoshida

Securities code: 8802

Contact: Motohiro Sato

General Manager

Corporate Communications Department Telephone: [phone]

Notice Concerning Changes in Organization, Changes in Representative Corporate Executive

Officers and Other Personnel

Mitsubishi Estate Co., Ltd. (hereafter "Mitsubishi Estate" or "the Company") hereby announces that it has decided to make the following organizational changes: changes in Representative Corporate Executive Officers and other personnel as well as candidates for Directors to be submitted at the Ordinary General Meeting

• of Shareholders scheduled to be held in the latter half of June 2021, and candidates for committee members

• of the Nominating Committee, Audit Committee and Remuneration Committee to be submitted at the Board

• of Directors' Meeting which will be held after the Ordinary General Meeting of Shareholders.

I. Organizational Changes

[Effective as of April 1, 2021]

The Company will make the following organizational changes with a view to achieving further growth going forward.

1. Commercial Property Business Group

• (1) Abolition of the Area Management Promotion Office

  The Company will abolish the Area Management Promotion Office which is part of the Area Management Planning Department.

• (2) Establishment of the Logistics Facilities Tenant Relation Office

The Company will seek to address a broad range of customer needs by consolidating information obtained through our various operations (planning, sales, and facility management, etc) related to logistics facilities that it develops and manages, and to provide the necessary solutions. To do so, it will integrate property management and leasing functions and establish the Logistics Facilities Tenant Relation Office as part of the Logistics Facilities Development Department.

• (3) Establishment of the Retail Property Strategy & Marketing Planning Office

  The Company will seek to strengthen the development of new commercial facilities that meet diverse demand from users and office workers, as well as new properties including those for commercial applications. To do so, it will establish the Retail Property Strategy & Marketing Planning Office under the Commercial Property Management Department as an organization responsible for planning attractive commercial and customer attraction content according to asset types, while simultaneously developing location strategies for new commercial facilities and product planning.

  As a result of the above changes, the Company will transfer the product planning function for commercial facilities of the Client Relations & Solutions Group, to the Retail Property Strategy & Marketing Planning Office.

• (4) Establishment of the OCA TOKYO Business Promotion Office

The Company will work on the smooth operation of the OCA Tokyo, a private club that plans, develops and provides high-quality experiences and services, to satisfy customer lifestyles and tastes that are further diversifying due to new lifestyles. With this in mind, it will establish the OCA TOKYO

Business Promotion Office as part of the Commercial Property Management Department.

Ⅱ. Change in Representative Directors 1.Candidate for Newly Appointed Representative Corporate Executive Officer

Name	Title and Duties
New	Former
Hiroshi Katayama	Director, Representative Corporate Executive Officer, Executive Vice President, In charge of Finance & Accounting Department, Corporate Communications Department	Director, Senior Executive Officer, In charge of Finance & Accounting Department, Corporate Communications Department
Kenji Hosokane	Representative Corporate Executive Officer, Executive Vice President, Supervising Business Development, Client Relations & Solutions Group, In charge of Client Strategy Planning Department, Office Leasing and Tenant Relations Department, Retail Property Leasing Department	Senior Executive Officer, In charge of Office Leasing and Tenant Relations Department, Retail Property Leasing Department

2. Representative Corporate Executive Officers, whose Duties will be Changed

(Effective as of April 1, 2021)

Name	Title and Duties
New	Former
Junichi Tanisawa	Director, Representative Corporate Executive Officer, Deputy President, Assistant to President, Supervising Commercial Property Business Group, In charge of Commercial Property Business Planning Department, Commercial Property Business Strategy Department, Area Management Planning Department	Director, Representative Corporate Executive Officer, Deputy President, Assistant to President, Supervising Commercial Property Business Group, In charge of Commercial Property Business Strategy Department, Commercial Property Business Planning Department, Urban Planning Department, Area Management Planning Department

3. Resigning Representative Corporate Executive Officers

(Effective as of April 1, 2021)

Name	Title and Duties
New	Former
Atsuo Kyono	Senior Adviser	Representative Corporate Executive Officer, Executive Vice President, Supervising Business Development, Client Relations & Solutions Group, In charge of Client Strategy Planning Department, Business Development, Consulting & Solutions Department 1, Business Development, Consulting & Solutions Department 2
Noboru Nishigai	Executive Vice President, President mission	Representative Corporate Executive Officer, Executive Vice President, Supervising Residential Business Group, In charge of Residential Business Planning Department, CLT Business, Residential Land & Recreational Facilities Management Office

Ⅲ. Change in Corporate Executive Officer

1. Newly Appointed Corporate Executive Officer

Name	Title and Duties
New	Former
Ikuo Ono	Senior Executive Officer, In charge of Business Creation Department, DX Promotion Department	Executive Officer, In charge of Business Creation Department, DX Promotion Department
Hitoshi Kubo	Corporate Executive Officer, In charge of Human Resources Department, General Affairs Department, Legal & Compliance Department, Compliance, Risk Management and Disaster Prevention	General Manager of General Affairs Department

2. Corporate Executive Officers, whose Duties will be Changed (Effective as of April 1, 2021)

Name	Title and Duties
New	Former
Bunroku Naganuma	Director, Senior Executive Officer Supervising Residential Business Group, In charge of Residential Business Planning Department, CLT Business, Residential Land & Recreational Facilities Management Office	Director, Senior Executive Officer In charge of Human Resources Department, General Affairs Department, Legal & Compliance Department, Compliance, Risk Management and Disaster Prevention

Ⅳ.Change in Executive Officer

(Effective as of April 1, 2021)

Name	Title and Duties
New	Former
Toshiyuki Inoue	Executive Officer, In charge of Urban Planning Department, General Manager of Commercial Property Business Strategy Department	Executive Officer, General Manager of Commercial Property Business Strategy Department, General Manager of Urban Planning Department
Shuichi Shimizu	Executive Officer, In charge of Business Development, Consulting & Solutions Department 1, Business Development, Consulting & Solutions Department 2, General Manager of Business Development, Consulting & Solutions Department 1	General Manager of Client Strategy Planning Department, General Manager of Collaborative Partner Development Office