Star Asia Investment : Notice Concerning Change of Name of Property

August 1, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer

Star Asia Investment Corporation

Representative: Atsushi Kato, Executive Officer

(Code: 3468)

Asset Management Company

Star Asia Investment Management Co., Ltd.

Representative:	Atsushi Kato
	President and CEO
Contact:	Akiko Kanno
	Director and CFO
	TEL: [phone]

Notice Concerning Change of Names of Properties

Star Asia Investment Corporation ("SAR") announced to change the name of the following assets under management as follows.

1.	Details of Change
	Property No.		Former name	New name
	OFC-15		NK BLDG.	Urban Center Kanda Suda-cho
	OFC-20		Shin-Yokohama Nara BLDG.	Urban Center Shin-Yokohama
2.	Effective Date of Change
	August 1, 2022
3.	Reason for Change

The names of the assets under management were changed based on branding strategy for assets under management held by SAR.

Note： This press release does not in any way constitute any part of an offering of securities for investment. This press release ha s been prepared for the purpose of announcing to change of names properties, and not for the purpose of soliciting any investment, within or outside of Japan.

Additionally, this press release is not an offer of securities for sale in the United States. The securities referred to here in have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No offering or sale of securities in the United States will be made in connection with the above-mentioned transactions. This press release is not for publication, distribution or release, directly or indirectly in or into the United States of Am erica.

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Other press releases announced today

・Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units ・Notice Concerning Acquisition of Real Estate Beneficiary Interests in Trust and entering into Lease

Contracts

・Notice Concerning Revision to Forecasts for Operating Results for the 14th Fiscal Period Ending January 31, 2023 and Forecasts for Operating Results and Distribution for the 15th Fiscal Period Ending July 31, 2023

・Notice Concerning Debt Financing (Green Loan)

・Notice Concerning Partial Amendment to the Management Guidelines of the Asset Manager ・Notice Concerning Acquisition of Assessment Certification in CASBEE for Real Estate

*SAR HP URL:http://starasia-reit.com/en/

This is an English translation of the announcement in Japanese dated August 1, 2022. However, no assurance or warranties are given for the completeness or accuracy of this English translation.

Note： This press release does not in any way constitute any part of an offering of securities for investment. This press release ha s been prepared for the purpose of announcing to change of names properties, and not for the purpose of soliciting any investment, within or outside of Japan.

Additionally, this press release is not an offer of securities for sale in the United States. The securities referred to here in have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No offering or sale of securities in the United States will be made in connection with the above-mentioned transactions. This press release is not for publication, distribution or release, directly or indirectly in or into the United States of Am erica.

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