Star Asia Investment : Notice concerning Acquisition of Assessment Certification in CASBEE for Real Estate

July 27, 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 Acquisition of Assessment Certification in CASBEE for Real Estate

Star Asia Investment Corporation ("SAR") announced that Urban Park Daikanyama, the property owned by SAR, today obtained rank A, the highest rank, in the Comprehensive Assessment System for Built Environment Efficiency (CASBEE) for building certification. Details are as follows.

1. Assessed Property and Assessment Result

Property name	Asset type	Location	Assessment Result
Urban Park Daikanyama	Residence	Shibuya-ku, Tokyo	Rank A ★★★★

1. Future initiatives
   SAR recognizes the importance of serving its role in society as a listed real estate investment corporation, in addition to maximizing unitholders' interests.
   With the aim to pursue long-term sustainability and to increase the corporate value of SAR, based on the "ESG Policy", SAR intends to take initiatives towards reducing the burden on the environment such as taking energy conservation measures etc. as well as to resolve social issues.
2. Overview of CASBEE's Real Estate Assessment and Certification System
   CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a system that comprehensively assesses the quality of a buildings, including evaluating features such as interior comfort and consideration towards scenic aesthetics, in addition to consideration towards the environment such as using materials and equipment that save energy or achieve smaller environmental loads.
   CASBEE's real estate assessment system was developed with the aim of making use of the results of the environmental assessment of buildings in real estate assessment. It scores buildings under each of the evaluation items in five categories, comprising "1. Energy & Greenhouse Gases", "2. Water", "3. Use of Resources & Safety", "4. Biodiversity & Sustainable Site", and "5. Indoor Environment". Based on the scores, the assessment results are granted under one of four ranks: Rank S, Rank A, Rank B+, and Rank B.

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

This is an English translation of the announcement in Japanese dated July 27, 2022. However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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Property name	Urban Park Daikanyama
Asset type	Residence

Assessment

Result

Property

photograph

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