ITOCHU Advance Logistics Investment : Notice Concerning the Securing of Preferential Negotiation Rights for Property Acquisition

February 7, 2022

For immediate release

Real Estate Investment Trust Securities Issuer: ITOCHU Advance Logistics Investment Corporation 3-6-5 Kojimachi, Chiyoda-ku, Tokyo, Japan

Representative: Junichi Shoji, Executive Director (Securities Code: 3493)

Asset Management Company:

ITOCHU REIT Management Co., Ltd.

Representative:	Junichi Shoji, Representative Director,
	President & CEO
Inquiries:	Hiromu Shinoda, GM, Finance &Planning
	Department

TEL: [phone]

Notice Concerning the Securing of Preferential Negotiation Rights for Property Acquisition

ITOCHU Advance Logistics Investment Corporation ("IAL") announced that it has secured from its sponsors ITOCHU Corporation and ITOCHU Property Development, Ltd. ("ITOCHU Property Development"), the co-developer of this property, the right to conduct negotiations on a preferential basis ("Preferential Negotiation Rights") regarding the purchase and sale of the logistics facility provisionally named "i Missions Park Kasugai (plan)" (called "Property"). Details are as follows.

1. Overview of the Preferential Negotiation Rights

Subject property	i Missions Park Kasugai(plan)
Location	3 Chome-23,26 Rokkenyachonishi, Kasugai City, Aichi
	Prefecture, Japan
Completion date (plan)	March 2023 (plan)
Total floor area (plan)	15,409.66 ㎡(plan)
Developer	ITOCHU Corporation, ITOCHU Property Development
Date of acquisition of preferential negotiation rights	February 7, 2022

Acquisition terms and conditions, including price and timing, are yet to be determined. ITOCHU REIT Management Co., Ltd. ("IRM"), IAL's asset management company, will conduct due diligence in advance of the acquisition. Acquisition decisions will be made in accordance with the requirements stated in IRM's Rules for Transactions with Interested Parties.

Please note that, while IAL has been granted Preferential Negotiation Rights to the Property, this does not mean that it will necessarily be able to acquire the Property and does not oblige it to purchase the Property.

IAL will make no payment to ITOCHU Corporation, ITOCHU Property Development for the acquisition of the Preferential Negotiation Rights.

2. Background

IAL secured the new Preferential Negotiation Rights to the Property based on the separate sponsor support agreements it has concluded with IRM and ITOCHU Corporation on one hand and with IRM and ITOCHU Property Development on the other.

This case is an example in practice of the "collaborative growth relationship" through which IAL and ITOCHU Group achieve mutual growth. Under this arrangement, the two closely connected ITOCHU Group sponsors use their Realty and Logistics Platform to realize land purchase and facility development, which secures for IAL further opportunities to acquire properties in the future. Through timely property acquisition of this kind, IAL aims to achieve external growth and increase in investor value.

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3. Property Details

• Overview of the Subject Property >

Property name		i Missions Park Kasugai (plan)
Location		3 Chome-23,26 Rokkenyachonishi, Kasugai City, Aichi Prefecture, Japan
Access		Approx. 5 km from the Tomei Expressway's Kasugai IC
Completion of construction		March 2023 (plan)
Site area		7,114.94 ㎡(plan)
Total floor area		15,409.66 ㎡(plan)
Structure/Scale		Steel-framed logistics facility with four stories above ground (plan）
Location		This property is approximately 5 km from the Tomei Expressway's
		Kasugai IC and also offers good access to downtown Nagoya via a main
		national route (National Route No 19) and is, therefore, conveniently
		located as a wide-area distribution base and a distribution base for central
		Nagoya. While the neighboring Komaki area is the biggest logistics hub
		in the Chubu region, location of this property is promising for attracting
		and retaining workers as it located within urban area that includes
		residential housing.

(Note) The above is a representational image of the completed facility, which may differ from the actual final appearance.

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Reference: IAL Pipeline and Sponsor owned/developing properties

Property name	Preferential	Location		(Planned)	Total floor	Occupancy
Negotiation Rights		Completion date	area	rate
i Missions Park	Secured	Ichikawa City,		August 2019	57,724 m2	100.0%
Ichikawa-Shiohama	Chiba Prefecture
i Missions Park	Secured	Isehara City,		July 2022	Approx	-
Atsugi 2	Kanagawa Prefecture		15,482 m2
i Missions Park	Secured	Kazo City,		October 2022	Approx	-
Kazo	Saitama Prefecture		11,055 m2
i Missions Park	Secured	Minoh City,		February 2023	Approx	-
Minoh	Osaka Prefecture		42,582 m2
i Missions Park	Newly Secured	Kasugai City,		March 2023	Approx	-
Kasugai	Aichi Prefecture		15,409 m2
i Missions Park	-	Kuwana City,		May 2023	Approx	-
Kuwana	Mie Prefecture		90,378 m2
i Missions Park	-	Yoshikawa City,		September 2023	Approx	-
Yoshikawa Minami	Saitama Prefecture		17,848 m2
			Total (7 properties)	Approx	-
			250,478m2

(Note) As of the date hereof, IAL has undertaken no specific negotiations with the ITOCHU Group regarding the above assets, has no current plans to acquire them, and has no guarantee of being able to acquire them in the future.

IAL's corporate website:https://www.ial-reit.com/en/

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