Global One Real Estate Investment : Amendments to Articles of Incorporation and Appointments of Directors

平成15年[8]月[5]日

Press Release

27 January 2016

REIT Issuer: Global One Real Estate Investment Corp.

Securities Code: 8958

Representative: Yoichiro Kitajima, Executive Director

Asset Manager: Global Alliance Realty Co., Ltd.

Representative: Yasushi Wada, President

Contact: Yoshitaka Shibata Managing Executive Officer REIT Management Department REIT Finance Department Tel: +81‐3‐3262‐1494

Amendments to Articles of Incorporation and Appointments of Directors

27 January 2016 ‐ Global One Real Estate Investment Corp. ("GOR") announces that it held a board meeting today, during which a decision was reached to submit the following agenda items for consideration to the 8th general unitholders' meeting scheduled for 09 March 2016 (the "General Unitholders' Meeting"): 1) amendments to the Articles of Incorporation, and 2) appointments of Board of Directors. Please note that these items, outlined in detail below, will become effective upon approval at the General Unitholders' Meeting.

1. Amendments to the Articles of Incorporation Reasons for the Amendments

2. Article 11‐related

   As a result of amendments to the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951; including subsequent amendments; hereinafter referred to as the "Investment Trusts Act"), it is no longer necessary to publicly announce convocation procedures for general unitholders' meetings. In conjunction with this amendment, to ensure that the general unitholders' meeting scheduled for 10 February 2018 and subsequent general unitholders' meetings can be called without delay, a new provision that from then onwards on 10 February every other year and

   
   

   later dates general unitholders' meetings can be called without delay will be established, as well as establishing a new provision regarding the base date for determining the unitholders eligible to exercise their voting rights at such general unitholders' meetings. In addition, a new provision allowing extraordinary general unitholders' meetings to be called when necessary will be established.

3. Article 37‐related

   As a result of amendments to the Investment Trusts Act, it has become possible to issue options for new investment units, and it has been made clear that expenses relating to the issuance of options for new investment units must be borne by GOR. Therefore, the relevant provision will be altered to reflect this change.

4. Related to attachment "Objects and Policies of Asset Investment" 1. and 2.(1)

   In conjunction with amendments to the Ordinance for Enforcement of the Act on Investment Trusts and Investment Corporations (Ordinance of the Prime Ministerʹs Office No. 129 of 2000; including subsequent amendments; hereinafter referred to as the "Investment Trusts Ordinance"), the relevant provision will be altererd to clarify our objective of investing in real property‐related assets (of the assets specified in Article 105, item 1 of the Investment Trusts Ordinance, real property, real property leaseholds, superficies, or beneficial interests of trusts in which only these assets are entrusted).

5. Related to attachment "Objects and Policies of Asset Investment" 2. (2)

   In conjunction with amendments to the Ordinance for Enforcement of the Act on Special Measures Concerning Taxation, criteria for investment corporations to receive tax privileges have been changed, so unnecessary provisions will be removed.

6. Other

   Besides the above, supplementary provisions that are no longer required following the amendments to the Investment Trusts Act will be removed. Also, necessary changes/improvements to wording will be made to make the wording clearer, to amend text, to renumber provisions, and so on.

   
   

7. Appointments of Board of Directors

   The terms of Executive Directors Yoichiro Kitajima and Toshio Saito and Supervisory Directors Norifumi Tateishi, Yutaka Nishimura, and Noriyuki Ito will end on 31 March 2016, so at the General Unitholders' Meeting GOR will appoint Executive Directors Akio Uchida (new) and Toshio Saito (reelection) and Supervisory Directors Katsuya Natori (new), Noriyuki Ito (reelection), and Yasuhiro Morita (new).

   If their appointment is approved at the General Unitholders' Meeting, they will take up

   
   

   their respective posts on 01 April 2016.

   
   

8. Profiles of Executive Director candidates

   
   

   Candidate No.1:	Akio Uchida
   Professional background:
   April 1978	Joined Meiji Life Insurance Co.
   April 1989	Deputy Manager of Real Estate Services, Real Estate Services Department, Meiji Life Insurance Co.
   October 1995	Group Leader of Real Estate Business Group, Real Estate Investment Department, Meiji Life Insurance Co.
   January 2004	Group Manager of Related Business Promotion Group, Affiliated Companies Department, Meiji Life Insurance Co.
   April 2010	Seconded to Meiji Yasuda Real Estate Management Co., Ltd.
   April 2012	Director and Manager of General Administration and Planning Department, Meiji Yasuda Real Estate Management Co., Ltd.
   April 2015	Managing Director of General Administration and Planning Department, Meiji Yasuda Real Estate Management Co., Ltd. (current position)

   
   

   
   

   Candidate No. 2:	Toshio Saito
   Professional background:
   April 1979	Joined Mori Building Co., Ltd.
   April 1979	Seconded to Mori Building Kensetsu Kanri Co., Ltd.
   May 1986	Seconded to Nippon Intelligent‐Building Systems Corp.
   January 1994	Auditor at International Design Exchange, Inc.
   July 1999	General Manager of Planning Department, Nippon Intelligent‐Building Systems Corp.
   August 1999	Joined Mori Building Development Co., Ltd.
   November 2002	Seconded to MT Facility Service Co., Ltd.
   November 2003	Joined Global Alliance Realty Co., Ltd. ("GAR") Co‐general manager of Real Estate Investment Management Division
   March 2004	General Manager of Research Department, GAR
   July 2005	Deputy Division Head of Real Estate Investment Management Division and General Manager of Real Estate Investment

   
   

   Management Department 1st at GAR

   
   

   
   

   April 2006	Retired from GAR
   June 2006	Established PM Advisors Co., Ltd. President of PM Advisors Co., Ltd. (current position)
   April 2008	Executive Director of GOR (current position)

   
   

   ・None of the above candidates for executive director own investment units in GOR.

   ・The candidates have no special interest in GOR.

   ・Of the above candidates for executive director, Candidate Toshio Saito currently executes various types of business for GOR as an executive director of GOR.

   ・Candidate Akio Uchida intends to resign as Managing Director of Meiji Yasuda Real Estate

   Management Co., Ltd. on 31 March 2016. He will therefore not hold the two posts concurrently.

   ・Toshio Saito also serves as President of PM Advisors Co., Ltd.

   
   

9. Profiles of Supervisory Director candidates




Candidate No. 1:	Katsuya Natori
Professional background:
April 1986	Admitted in Japanese Bar Association
April 1986	Joined Masuda & Ejiri law offices
September 1990	Graduated from University of Washington Law School with a master's degree in law
January 1991	Joined Davis Wright Tremaine law offices
June 1993	Graduated from Georgetown University Business School with a master's degree in business administration
July 1993	Attorney, Exxon Japan
January 1995	General Counsel and Director, Public Relations, Apple Computer Japan
January 1998	General Counsel, Sun Microsystems Japan
March 2002	General Counsel and General Manager, Store Development and Corporate Social Responsibility, Fast Retailing, Co., Ltd.
January 2004	General Counsel, IBM Japan
February 2012	Established Natori law office (current position)
April 2012	External Member, Audit Board, Olympus Co., Ltd. (current position)
March 2015	External Board Member, Modec, Inc. (current position)
December 2015	External Board Member, Moritex Corporation (current position)