Daiwa Office Investment : Notice Concerning Change of Director of the Asset Manager

This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.

February 28, 2023

REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)

Representative: Keiichi Sakai, Executive Director

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Representative: Yoshiki Nishigaki, President and Representative Director

Inquiries to: Kentaro Azumi, General Manager, Corporate Division

(Tel: [phone])

Notice Concerning Change of Director of the Asset Manager

Daiwa Office Investment Corporation hereby gives notice that Daiwa Real Estate Asset Management Co. Ltd. (the "Asset Manager"), to which the Investment Corporation entrusts the management of its assets, has decided to propose a written resolution of the General Meeting of Shareholders on April 1, 2023 in accordance with Paragraph 1 of Article 319 of the Companies Act, to appoint the Director of the Asset Manager due to the resignation of Akira Yamanouchi, Chairman of the Board on March 31, 2023 at the board of directors held today. In addition, Tomonori Tsuji, whom scheduled to assume the Director of the Asset Manager is scheduled to be proposed as a candidate for the Chairman of the Board, at the board of directors to be held on April 1, 2023, after the above written resolution of the General Meeting of Shareholders is obtained on the same day.

1. New Chairman of the Board (as of April 1, 2023)
   Tomonori Tsuji (Please refer to "Reference Material" for the career summary.)
2. Retiring Chairman of the Board (as of March 31, 2023) Akira Yamanouchi

These changes will be reported to relevant authorities pursuant to the Financial Instruments and Exchange Law, Building Lots and Buildings Transaction Business Law, and other applied laws and regulations.

-End-

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(Reference Material)

Name	Brief personal history, title and significant concurrent positions
(Date of Birth)
	April 1990	Joined Daiwa Securities Co. Ltd. (currently, Daiwa Securities Group
	Inc.)
	April 2011	General Manager of Corporate Finance Dept. (I) of Daiwa Securities
	Capital Markets Co. Ltd. (currently, Daiwa Securities Co. Ltd.)
	April 2012	General Manager of Corporate Finance Dept. (I) of Daiwa Securities
	Co. Ltd.
	April 2013	General Manager of Real Estate & REIT Sector Dept. of Daiwa
	Securities Co. Ltd.
		Senior Managing Director and Corporate Communication Officer of
		Daiwa Securities Group Inc., and Senior Managing Director,
	April 2017	Corporate Communication Officer & Investor Relations Officer,
		Mental Health Support Officer and General Affairs Officer of Daiwa
		Securities Co. Ltd.
		Senior Managing Director and Corporate Communication Officer of
		Daiwa Securities Group Inc., and Senior Managing Director,
	February 2018	Corporate Communication Officer & Investor Relations Officer,
		Mental Health Support Officer and General Affairs Officer and Head
Tomonori Tsuji		of Health Support Dept. of Daiwa Securities Co. Ltd.
(January 15, 1966)		Senior Managing Director and Corporate Communication Officer of
		Daiwa Securities Group Inc., and Senior Managing Director,
	April 2018	Corporate Communication Officer & Investor Relations Officer,
		Mental Health Support Officer and General Affairs Officer of Daiwa
		Securities Co. Ltd.
	April 2019	Senior Managing Director and Deputy Officer of Global Investment
	Banking of Daiwa Securities Co. Ltd.
		Executive Managing Director and Officer of Global Investment
	April 2020	Banking and Officer of Corporate Clients Banking of Daiwa
		Securities Co. Ltd.
		Executive Managing Director and Officer of Global Investment
	April 2022	Banking and Officer of Corporate Clients Banking and Officer of
	Financial Institutions and Public Institutions Banking of Daiwa
		Securities Co. Ltd. (current position)
		Chairman of the Board of Daiwa Real Estate Asset Management
		Co., Ltd. (scheduled)
	April 2023	Chairman of the Board of Daiwa Securities Realty Co. Ltd.
		(scheduled)
		Senior Executive Managing Director of Daiwa Securities Group Inc.
		(scheduled)

* Website URL of the Investment Corporation: https://www.daiwa-office.co.jp/en/

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