Nihon M&A Center : Announcement of ESG Investment in Renewable Energy Infrastructure Fund for Emerging Countries

October 18, 2021

To whom it may concern,

Company name: Nihon M&A Center Holdings Inc.

Representative: Suguru Miyake, President and

Representative Director

(Stock exchange code: 2127 TSE First Section)

Contact:	Takamaro Naraki,
	Execuvie Vice President and
	Director, General Manager of
	Administration Division
	(Phone: [phone])

Announcement of ESG Investment in Renewable Energy Infrastructure Fund for Emerging

Countries

Nihon M&A Center Holdings Inc. (the "Company") announces that Nihon M&A Center Inc., a consolidated subsidiary of the Company, made an environmental, social and governance (ESG) investment amounting to 100 million yen in the Climate Finance Partnership Fund (the "Fund"), which focuses on climate infrastructure investments across emerging markets. The Fund is managed by BlackRock, and investment in the Fund was offered through a commingled unit trust established by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Details are as follows.

• Backgrounds to investment in the Fund

Each officer and employee of the Company and the consolidated subsidiaries (the "Nihon M&A Center Group") recognizes that addressing environmental issues is one of the social responsibilities as a corporate citizen and follows the guideline to give due consideration to environmental issues in their activities. Through investment in the Fund, the Nihon M&A Center Group will contribute to the reduction of CO2 emissions in emerging countries and promote group-wide initiatives to decrease environmental impact.

• Outline of the Fund

The Fund is an investment fund created in collaboration with government-linked financial institutions and private sector financing, mainly targeting investment in climate infrastructure in emerging countries. It was established with the aim of supporting the joint effort of the public and private sectors to develop the renewable energy business with a view to capturing projected growth in demand for energy associated with population expansion and economic growth in emerging countries. Through investment in climate infrastructure , the Nihon M&A Center Group plans to contribute to the reduction of greenhouse gas emission and the United Nations' sustainable development goals.

Fund name	Climate Finance Partnership Fund
Fund manager	BlackRock
Total assets under	USD 500 million
management (target)
Target sectors	(i) Grid connected and/or distributed renewable power generation;
	(ii) energy efficiency in residential, commercial and/or industrial
	sectors; (iii) transmission or energy storage solutions; and (iv) ultra-
	low emission or electrified transportation and mobility services.
Features	Considerations of social and environmental impact are integrated
	into the investment management process. Impact is evaluated along
	specific United Nations Sustainable Development Goals.
Investors	The French Development Agency (AFD), KfW IPEX-Bank (KfW),
	Japan Bank for International Cooperation, The Dai-ichi Life
	Insurance Company, Limited, Standard Chartered Bank, Mitsubishi
	UFJ Bank, Ltd. and others
Assumed impact of	Reduction of CO2 emissions: Approximately 2,600 tons per year
contributions made by	(based on estimates made by the Company)
Nihon M&A Center Inc.