(Correction) MHR Announces Partial Transfer of Trust Beneficiary Interest in Domestic Real Estate (Laforet Harajuku (Land): Partial Transfer)

April 5, 2022

For Translation Purposes Only

Real Estate Investment Fund Issuer:

Mori Hills REIT Investment Corporation

(Securities Code: 3234)

1-12-32 Akasaka, Minato-ku, Tokyo

Hideyuki Isobe, Executive Director

Asset Manager:

Mori Building Investment Management Co., Ltd.

Hideyuki Isobe, President & CEO

Inquiries: Ryosuke Kanazawa

Chief General Manager and

General Manager of Planning Department

TEL: [phone]

(Correction) MHR Announces Partial Transfer of Trust Beneficiary Interest in Domestic Real

Estate (Laforet Harajuku (Land): Partial Transfer)

Mori Hills REIT Investment Corporation (hereinafter "MHR") announced the following correction to its "Partial Transfer of Trust Beneficiary Interest in Domestic Real Estate (Laforet Harajuku (Land): Partial Transfer)" dated March 17, 2022.

Detail of Amendment (underlined parts)

"Partial Transfer of Trust Beneficiary Interest in Domestic Real Estate (Laforet Harajuku (Land): Partial Transfer)"

[Attachment] Portfolio List Post Asset Transfer (page 7)

[Before Correction]

Geographic area	Property name	Acquisition date	Acquisition price (millions of yen)	Investment ratio (%)
Tokyo's central five wards and their vicinity	O-0	Roppongi Hills Mori Tower	March 23, 2010 August 1, 2011 October 1, 2013 August 1, 2014 September 16, 2015 February 1, 2016 April 1, 2016	115,380	28.5
O-1	ARK Mori Building	March 22, 2006 March 28, 2008 September 30, 2008 March 23, 2010 March 18, 2011 August 1, 2011 April 1, 2013	62,480	15.4
O-4	Koraku Mori Building	April 13, 2006	27,200	6.7
O-6	Akasaka Tameike Tower	September 30, 2008 March 18, 2011	43,930	10.8

Principal use

Property numberOffice Buildings

O-7 Atago Green HillsMay 1, 2012 April 1, 2013 O-8 ARK Hills South TowerAugust 1, 2014 August 1, 2017 O-9 Toranomon Hills Mori Tower March 1, 2018 September 3, 2018 September 1, 2020 August 2, 2021 August 1, 2017 September 3, 2018 Subtotal	42,090	10.4
19,150	4.7
56,300	13.9
16,330	4.0
382,860	94.5
Tokyo's central five wards and their vicinity R-3 Roppongi First PlazaApril 13, 2006 R-4 Roppongi View Tower March 22, 2006 April 13, 2006 Subtotal	2,100	0.5
4,000	1.0
6,100	1.5
Tokyo's central five wards and their vicinity Subtotal	16,024	4.0
16,024	4.0
Portfolio total	404,984	100.0

Retail and Other Facilities

Residential Properties

[After Correction]

Geographic area	Property name	Acquisition date	Acquisition price (millions of yen)	Investment ratio (%)
Tokyo's central five wards and their vicinity	O-0	Roppongi Hills Mori Tower	March 23, 2010 August 1, 2011 October 1, 2013 August 1, 2014 September 16, 2015 February 1, 2016 April 1, 2016	115,380	28.3
O-1	ARK Mori Building	March 22, 2006 March 28, 2008 September 30, 2008 March 23, 2010 March 18, 2011 August 1, 2011 April 1, 2013	62,480	15.3
O-4	Koraku Mori Building	April 13, 2006	27,200	6.7
O-6	Akasaka Tameike Tower	September 30, 2008 March 18, 2011	43,930	10.8
O-7	Atago Green Hills	May 1, 2012 April 1, 2013	42,090	10.3
O-8	ARK Hills South Tower	August 1, 2014	19,150	4.7

Principal use

Property numberOffice Buildings

August 1, 2017 O-9 Toranomon Hills Mori Tower March 1, 2018 September 3, 2018 September 1, 2020 August 2, 2021 August 1, 2017 September 3, 2018 Subtotal	56,300	13.8
16,330	4.0
382,860	93.9
Tokyo's central five wards and their vicinity R-3 Roppongi First PlazaApril 13, 2006 R-4 Roppongi View Tower March 22, 2006 April 13, 2006 Subtotal	2,100	0.5
4,000	1.0
6,100	1.5
Tokyo's central five wards and their vicinity Subtotal	18,765	4.6
18,765	4.6
Portfolio total	407,725	100.0

Retail and Other Facilities

Residential Properties

Revised "Partial Transfer of Trust Beneficiary Interest in Domestic Real Estate (Laforet Harajuku (Land): Partial Transfer)" is posted on MHR's website:https://www.mori-hills-reit.co.jp/en/.