Tokyo Tatemono : Participates in its First Office Building Development Project in Bangkok, Thailand Urban Midsized Office Building with Leading Local Partners506KB

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April 10, 2023

For immediate release

Tokyo Tatemono Co., Ltd.

Tokyo Tatemono Participates in its First Office Building

Development Project in Bangkok, Thailand

Urban Midsized Office Building with Leading Local Partners

Tokyo Tatemono Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director, President & Chief Executive Officer: Hitoshi Nomura; hereinafter "Tokyo Tatemono") announced that, through its business entity in Asia, Tokyo Tatemono Asia Pte. Ltd. (Head Office: Singapore; Representative: Ryutaro Nishimura), it has participated in a new office building development project in Bangkok, Thailand, in collaboration with WHAKWAlliance Co., Ltd. (Head Office: Samut Prakan, Thailand; Chairwoman: Jareeporn Jarukornsakul; CEO: Kanawat Wasinsungworn; hereinafter "WHAKW"). This marks the Tokyo Tatemono's first foray into office building development projects in Thailand, where it has previously been involved in multiple condominium development projects.

The office building project, "SK 25 Project," is located on the corner of Sukhumvit Soi 25, a 5-minute walk from BTS (elevated railway) Asok Station and MRT (subway) Sukhumvit Station in central Bangkok, where office buildings and commercial facilities are concentrated. The development is a midsized office building with seven floors above ground and a total floor area of approximately 9,500 square meters, comprising office spaces and some commercial units. The building is designed and constructed by Thai Takenaka International Ltd. (a local subsidiary of Takenaka Corporation) with a target completion date of July 2023. Tokyo Tatemono will actively attract tenants from Japanese and international companies moving forward.

Rendering of the completed building *This is a current version and is subject to change.

WHAKW, the joint venture partner for this project, is a company that was established by WHA Corporation Pcl. (Head Office: Samut Prakan, Thailand; Group CEO: Jareeporn Jarukornsakul; hereinafter "WHA"), Thailand's leading developer of industrial parks and logistics facilities, and KW Capital Co., Ltd. (Head Office: Bangkok, Thailand; Chairman: Kanawat Wasinsungworn; hereinafter "KW"), a Thai commercial real estate investment company. WHAKW develops high-class commercial buildings in prime locations in central Bangkok.

Tokyo Tatemono has agreed to engage in ongoing discussions on future project participation with WHAKW as strategic business partners and will continue to explore joint venture opportunities, leveraging each other's expertise.

Thailand is the second-largest economy in ASEAN after Indonesia in terms of GDP and is a market with strong potential for real estate demand in the medium to long term, driven by stable economic growth accompanying the full-scale recovery of the

tourism industry. As part of its current Group Medium-term Management Plan, Tokyo Tatemono has identified "growth of overseas businesses" as one of its key strategic priorities. Tokyo Tatemono will continue to actively pursue business opportunities in the Thai market, where it has already established a solid track record since entering the country in 2018.

Signing Ceremony

From left: WHAKW CEO / KW Chairman: Kanawat Wasinsungworn

WHAKW Chairwoman / WHA Group CEO: Jareeporn Jarukornsakul

Tokyo Tatemono Representative Director, President & CEO: Hitoshi Nomura

Tokyo Tatemono Director and Managing Executive Officer: Fumio Tajima

• Project Overview (Planned)

Location:	Sukhumvit Soi 25, Bangkok, Thailand
Site area:	1,489 m2
Total floor area:	Approx. 9,500 m2
Structure and size:	RC construction, 2 underground floors, 7 above-ground floors
Building usage:	Office, commercial, parking
Completion date:	July 2023 (planned)

• Business Partner Overview

Company name:	WHAKWAlliance Co., Ltd.
Head Office:	No. 777 WHA Tower, 23rd-25th Floor, Moo 13, Debaratna Road (Bangna-Trad) KM 7, Bang
	Kaeo Sub-district, Bang Phli District, Samut Prakarn Province, Thailand
Establishment:	2020
Main businesses:	Commercial real estate development, operation, and management
Representatives	Jareeporn Jarukornsakul (Group CEO, WHA Corporation)
	Kanawat Wasinsungworn (Chairman, KW Capital)

• Location Maps

Wide-area map

Vicinity map

• Tokyo Tatemono's Thai Projects

The company's ongoing projects in Thailand areas follows:

Project name	Sukhumvit 26	Sathorn 12	Onnut
Asset type	Condominium	Condominium	Condominium
	Central Bangkok	Central Bangkok	Outskirts of Bangkok
Location	Sukhumvit Area	Sathorn Area	Srinakarin Area
(4-min walk from Phrom	(2-min walk from Saint Louis	(5-min walk from Si Nut
	Phong Station)	Station)	Station)
Total site area	3,188 m2	2,886 m2	16,744 m2
Total occupied area	15,614 m2	17,386 m2	29,230 m2
Structure and size	RC construction, 37 floors	RC construction, 40 floors	RC construction, 8 floors
above ground	above ground	above ground
Total sales units	157 units	238 units	1,108 residential units
2 commercial units
Completion period	September 2022 (completed)	Third quarter of 2023 (planned)	First quarter of 2024 (planned)