Samty Residential Investment : Notice Concerning Change in Representative Director and Directors and Change in Title of Key Employee at Asset Management Company

February 24, 2021

For Translation Purposes Only

Real Estate Investment Trust Securities Issuer

Samty Residential Investment Corporation

1-8-3 Marunouchi, Chiyoda-ku, Tokyo

Masafumi Takahashi, Executive Director

(Securities Code: 3459)

Asset Management Company:

Samty Asset Management Co., Ltd.

Masafumi Takahashi, Representative Director

Inquiries: Hidekazu Nizawa

Director

Business Management Division

Phone: + 81-3-5220-3841

Notice Concerning Change in Representative Director and Directors and

Change in Title of Key Employee at Asset Management Company

Samty Residential Investment Corporation ("Samty Residential") announces that Samty Asset Management Co., Ltd. (the "Asset Management Company"), to which Samty Residential entrusts management of its assets, decided at its board of directors' meeting held today to change its representative director and directors as well as the title of its key employee as follows.

1. Change in Representative Director and Directors (as of February 24, 2021)

Name	Title (New)	Title (Current)
Yosuke Masuda (Note 1)	Director (part-time)	Representative Director
Masafumi Takahashi (Note 2)	Representative Director	Director and Head of REIT Division
Takeshi Fujiwara	－	Director (part-time)

(Note 1) Scheduled to assume the position of "Executive Director and General Manager of Finance Department, Business Management Division of Samty Co., Ltd."

on February 25, 2021.

(Note 2) For the details of personal history, please refer to [Reference].

2. Change in Title of Key Employee (as of February 24, 2021)

Name	Title (New)	Title (Current)
Yukihisa Nagashima (Note)	Head of REIT Division and General Manager of Acquisition Department	General Manager, Acquisition Department, REIT Division

(Note) For the details of personal history, please refer to [Reference].

Filings and other arrangements will be made regarding the change pursuant to the provisions of the Financial Instruments and Exchange Act, the Building Lots and Buildings Transaction Business Act and other relevant laws and regulations.

*Samty Residential Investment Corporation website:https://www.samty-residential.com/en

Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management

Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

[Reference] Brief Personal History

Title	Name	Brief Personal History
Representative Director	Masafumi Takahashi	April 1996	The Nikko Securities Co., Ltd. (currently SMBC Nikko Securities Inc.)
September 1999	American Life Insurance Company (currently MetLife Inc.)
November 2000	K.K. Hata Real Estate Appraisal Office
April 2004	Samty Development Co., Ltd. (currently Samty Co., Ltd.)
June 2012	Fukuoka Branch Manager Samty Co., Ltd.
April 2017	General Manager of Real Estate Business Department Samty Co., Ltd.
October 2018	Director and Deputy Head of REIT Division Samty Asset Management Co., Ltd.
November 2018	Executive Director (current position) Samty Residential Investment Corporation
February 2019	Director, Head of REIT Division and General Manager of Investor Relations, Finance & Planning Department Samty Asset Management Co., Ltd.
April 2019	Director and Head of REIT Division Samty Asset Management Co., Ltd.
February 2021	Representative Director Samty Asset Management Co., Ltd.

Title	Name	Brief Personal History
Head of REIT Division, CIO and General Manager of Acquisition Department	Yukihisa Nagashima	December 2002	Real Link Co., Ltd
February 2008	Asset Managers Co., Ltd. (currently Ichigo Inc.)
March 2012	Sun Asset Management Corp. (currently Samty Asset Management Co., Ltd.)
October 2014	General Manager, Asset Management Department, REIT Division Samty Asset Management Co., Ltd.
September 2018	General Manager, Acquisition Department, REIT Division Samty Asset Management Co., Ltd.
February 2021	Head of REIT Division and General Manager of Acquisition Department Samty Asset Management Co., Ltd.

Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management

Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.