Mitsubishi Estate Logistics REIT Investment : Notice Concerning Acquisition of the Highest Rank of "S" in "MUFG ESG Rating Certificate for J-REIT supported by JCR"

October 1, 2021

For Immediate Release

Real Estate Investment Trust Securities Issuer

1-6-5 Marunouchi, Chiyoda-ku, Tokyo

Mitsubishi Estate Logistics REIT Investment Corporation

Representative:	Ken Takanashi, Executive Director
	(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative:	Haruhiko Araki, President & CEO
Contact:	Ken Takanashi, Director, General Manager,
	Logistics REIT Management Department

TEL: [phone]

Notice Concerning Acquisition of the Highest Rank of "S" in "MUFG ESG Rating Certificate for J-REIT supported by JCR"

Mitsubishi Estate Logistics REIT Investment Corporation ("MEL") announces that MEL and the asset management company, Mitsubishi Jisho Investment Advisors, Inc. (the "Asset Management Company"), have received the highest rank of "S" (the "Rating") in "MUFG ESG Rating Certificate for J-REIT supported by JCR" (the "Certificate") from Mitsubishi UFJ Research and Consulting Co., Ltd. ("MURC"). The Rating is an update for the rating that MEL and the Asset Management Company acquired for the first time among J-REITs in November, 2018.

1. About the Certificate

The Certificate was produced and is dedicated to J-REIT that evaluates efforts on ESG (Environment, Social and Governance) issues.

MURC promotes strategic efforts on ESG to improve corporate value in response to the growing demand from external stakeholders regarding active disclosure of ESG related information. Under the support of Japan Credit Rating Agency, Ltd. ("JCR"), one of Japanese leading rating companies and expert in credit risk analysis.

For more information about the Certificate, please visit the MURC website at: (Japanese only) http://www.murc.jp/sp/1810/j-reit/index.html

2. Result of the Rating

In the Rating, MEL and the Asset Management Company were particularly highly evaluated for their involvement by top management in establishing an ESG promotion system, as well as establishing and publishing a sustainability policy, for the strategic implementation of environmentally conscious initiatives in collaboration with tenants and local communities, measures to enhance the health, comfort, and convenience of tenants, and for the establishment of an appropriate governance and compliance system. As a result, the MEL and the Asset Management Company acquired the highest rank of "S" among five grades.

MEL will continue to maintain requirements to undertake the "ESG Loan for J-REIT" from MUFG Bank, Ltd. by updating the Rating.

3. MEL's Future Initiatives

MEL is committed to endeavoring to enhance consideration towards ESG to improve the sustainability of society. We recognize that this is an important social responsibility for a listed enterprise to assume, and also believe that it is essential for maximizing our unitholder value.

To put our commitment into practice based on the above recognition MEL strives to invest in environmentally friendly logistics facilities, and will continue to focus on maximizing the energy efficiency of our properties, as well as contribution actions to the local communities.

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For more information about MEL's ESG initiatives, please visit: https://mel-reit.co.jp/en/esg/index.html

This is the English translation of the announcement in Japanese dated Oct. 1, 2021.

However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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