English translation based on Japanese original

Cover

Document submitted Extraordinary Report

Destination Director General of the Kanto Local Finance Bureau

Date of submission June 1, 2017

Corporate name NTT Toshi Kaihatsu Kabushiki Kaisha

Corporate name in English NTT URBAN DEVELOPMENT CORPORATION Name and title of representative Sadao Maki, President and Chief Executive Officer Address of home office 4-14-1, Sotokanda, Chiyoda-ku, Tokyo

Telephone number +81-3-6811-6300 (key number)

Contact person Yutaka Torigoe, Senior Vice President, Accounting and Finance

Nearest contact point 4-14-1, Sotokanda, Chiyoda-ku, Tokyo

Telephone number +81-3-6811-6424

Contact person Yutaka Torigoe, Senior Vice President, Accounting and Finance

Place for public inspection Tokyo Stock Exchange, Inc.

(2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo)

  1. Reason for Filing

    NTT Urban Development Corporation ("the Company") is submitting this Extraordinary Report in order to disclose matters about the change in specified subsidiaries in accordance with the provisions of Paragraph 4 of Article 24-5 of the Financial Instruments and Exchange Law of Japan and Item 3 of Paragraph 2 of Article 19 of the Ordinance of the Cabinet Office relating to Disclosure by Corporations.

  2. Contents of Report

    1. Outline of the specified subsidiary subject to the relevant change

      1. Name Stuart Street Holdings LLC

      2. Location c/o Synergy Development LLC, 100 Franklin Street, Suite 200,

        Boston, MA 02110, USA

      3. Representative Member, Downtown Properties Owner, LLC

      4. Paid in Capital US$98,520,000

      5. Main Business Investment in and management of real estate in the United States of America

      6. The number of voting rights of the specified subsidiary owned by the Company and the ratio of them to the voting rights of all the shareholders, etc. before and after the relevant change

        1. The number of voting rights of the specified subsidiary owned by the Company Before change: -

          After change: US$96,549,600 (indirect ownership: US$96,549,600) (Note) The amount investment is described above in lieu of the number of the voting.

        2. The ratio of voting rights owned by the company above to the voting rights of all the shareholders, etc. of the specified subsidiary

          3. Before change: -

          After change: 98% (indirect ownership: 98%)

          (Note) The ratio of the amount of investment is described above in lieu of the ratio of the voting rights.

        3. Reason for and Date of the Relevant Change

          1. Reason for the change

            Downtown Properties Owner, LLC, which is a subsidiary of the Company, acquired the membership interests of Stuart Street Holdings LLC after the decision made by governing body on May 31, 2017. As a result, the amount of investment for Stuart Street Holdings LLC became ten hundredths or more of the amount of the stated capital of the Company. Accordingly, Stuart Street Holdings LLC became the specified subsidiary of the Company.

          2. Date of change

            3. May 31, 2017

          NTT Urban Development Company published this content on 01 June 2017 and is solely responsible for the information contained herein.
          Distributed by Public, unedited and unaltered, on 01 June 2017 08:20:23 UTC.

          Original documenthttps://www.nttud.co.jp/ir/news/pdf/rinji_report1706_e.pdf

          Public permalinkhttp://www.publicnow.com/view/A6D7F047689359E8BD91B85777BEA07F627020C7