SOSiLA Logistics REIT : Notice Concerning the Determination of the Number of New Investment Units to Be Issued through Third-Party Allotment

December 24, 2021

FOR IMMEDIATE RELEASE

Issuer of REIT Securities

1-17-10 Kyobashi, Chuo-ku, Tokyo

SOSiLA Logistics REIT, Inc.

Representative	Nobuhiko Matsumoto,
	Executive Director
	(Securities Code: 2979)
Asset Management Company
Sumisho Realty Management Co., Ltd.
Representative	Hideki Yano, President & CEO
Inquiries	Tomoaki Sato,
	General Manager, REIT Management

Department

TEL: [phone]

Notice Concerning the Determination of the Number of New Investment Units to Be Issued through Third-Party Allotment

SOSiLA Logistics REIT, Inc. ("SLR") announced that SMBC Nikko Securities Inc., to which new investment units will be allotted through a third-party allotment ("Third-Party Allotment"), informed SLR on December 24, 2021 that SMBC Nikko Securities Inc. will apply for the subscription of all new investment units planned to be issued. SLR passed a resolution on the Third-Party Allotment at the meetings of its board of directors held on November 16, 2021 and November 25, 2021, when the board of directors also passed a resolution on the issuance of new investment units (Public Offering) and a secondary offering of investment units (Secondary Distribution via over-allotment). Details are as follows.

(1)	Number of investment units to be issued	3,330 units
		(Number of investment units originally scheduled to be issued: 3,330
		units)
(2)	Issue amount	153,918 yen per unit
	(amount to be paid)
(3)	Net proceeds	512,546,940 yen
(4) Application period	Monday, December 27, 2021
	(application date)
(5)	Payment date	Tuesday, December 28, 2021
(6) Allottee	SMBC Nikko Securities Inc.

1. The resolution on the issuance of new investment units through the Third-Party Allotment was passed when the resolution on the issuance of new investment units (Public Offering) and a secondary offering of investment units (Secondary Distribution via over-allotment) was passed at the meetings of its board of directors held on November 16, 2021 and November 25, 2021.

For more information about the Third-Party Allotment, please refer to "Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units" released on November 16, 2021, and "Notice Concerning Determination of Prices, Etc. Concerning Issuance of New Investment Units and Secondary Offering of Investment Units" released on November 25, 2021.

Disclaimer: This press release is an announcement concerning SLR's determination of the number of new investment units to be issued through Third-Party Allotment, and has not been prepared for the purpose of soliciting investment. Any investment decision should be made based upon your own judgement.

This press release does not constitute an offer of securities in the United States. The investment units have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The investment units may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The investment units referred to above will not be offered or sold, publicly or otherwise, in the United States.

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2. Change in the number of investment units issued after the Third-Party Allotment
Current number of issued investment units outstanding	678,285 units
Number of new investment units to be issued through the Third-party Allotment:	3,330 units
Total number of issued investment units after the Third-party Allotment	681,615 units

3. Use of funds procured through the Third-Party Allotment

Net proceeds from the issuance of new investment units through the Third-Party Allotment (512,546,940 yen) are scheduled to be used to fund a partial repayment of the borrowings or to partially fund the acquisition of new specified assets (as defined in Article 2, Paragraph 1 of the Act on Investment Trusts and Investment Corporations of Japan; the same shall apply hereinafter), which are described in the "Notice Concerning Acquisitions and Leasing of Domestic Real Estate Trust Beneficiary Interests" which was released on November 16, 2021, or acquisitions of new specified assets.

(Note) The proceeds will be deposited into accounts with financial institutions until the expenditure is made. *For more information about SLR, please visit: https://sosila-reit.co.jp/en/

Disclaimer: This press release is an announcement concerning SLR's determination of the number of new investment units to be issued through Third-Party Allotment, and has not been prepared for the purpose of soliciting investment. Any investment decision should be made based upon your own judgement.

This press release does not constitute an offer of securities in the United States. The investment units have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The investment units may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The investment units referred to above will not be offered or sold, publicly or otherwise, in the United States.

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