Notice Regarding an Approval the Investment Units of Tosei REIT Investment Corporation to be Listed on the Tokyo Stock Exchange

[Translation]

To whom it may concern

October 28, 2014

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Director and CFO: Noboru Hirano
TEL: +81-3-3435-2864

Notice Regarding an Approval the Investment Units of Tosei REIT Investment Corporation
to be Listed on the Tokyo Stock Exchange

Tosei REIT Investment Corporation (the "Investment Corporation") , whose assets are managed by Tosei Asset Advisors, Inc. wholly-owned subsidiary of Tosei Corporation, received approval today from Tokyo Stock Exchange (TSE) to list its investment units of the TSE Real Estate Investment Trust Securities Market.

The Investment Corporation was established on September 4, 2014, targeting to invest offices, commercial properties and apartment buildings located in Tokyo Metropolitan Area. Because this entry into the J-REIT sector will help to strengthen value chains in our business portfolio, the Group will contribute to maximizing the investor value and the corporate value, enhancing our medium-and long-term revenue as well as supporting a continued stable growth.

  1. 1.Outline of the Investment Corporation
    (1) Name Tosei REIT Investment Corporation
    (2) Address of Head Office 4-2-3 Toranomon, Minato-ku, Tokyo
    (3) Established September 4, 2014
    (4) Registered September 22, 2014
    (Registration number: Director of Kanto Local Finance Bureau No.96)
    (5) Representative Executive Officer Hisaaki Kuroyama
  2. 2.Outline of the Subsidiary as Asset Management Company
    (1) Name Tosei Asset Advisors,Inc.
    (2) Address of Head Office 4-2-3 Toranomon, Minato-ku, Tokyo
    (3) Established September 28, 2005
    (4) Capital 100 million yen (wholly-owned subsidiary)
    (5) Representative Chairman & CEO Hiroshi Nakamura
    (6) Fields of business Investment management business
    Investment advisory and agency business
    Type 2 financial instruments business

End

This notice does not constitute a solicitation for the sale or application for the purchase of securities in Japan, the United States or any other territory.