Notice Regarding the Introduction of a Cumulative Investment Unit Investment Program

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

October 20, 2016

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: +81-3-3435-2865

Notice Regarding the Introduction of a Cumulative Investment Unit Investment Program

 Tosei Corporation (the "Company") hereby announces that a memorandum on the affairs concerning the stock cumulative investment accounts was signed with SMBC Nikko Securities Inc. today to introduce a cumulative investment unit investment program (the "Program") for the officers and employees of the Company for investment units of Tosei Reit Investment Corporation ("Tosei Reit"), which is contracted for asset management by Tosei Asset Advisors, Inc. ("TAA"), a wholly owned subsidiary of the Company. Details are as follows:

  1. 1.Purpose of the Introduction of the Program
     The Program is intended, as part of the Company's employee welfare benefits, to help its officers and employees, including those temporarily transferred to TAA, build assets for the medium to long term and to provide them with opportunities to acquire investment units of Tosei Reit.
  2. 2.Overview of the Program
     The Program is based on the cumulative investment program (Note) provided by securities companies to allow officers and employees, including those temporarily transferred to TAA, to acquire investment units of Tosei Reit.
      The acquisition and sale of the investment units through the Program will be subject to restrictions in accordance with Insider Trading Prevention Regulations and other internal rules of the Company and TAA. Full attention will be paid to the introduction and operation of the Program to prevent insider trading.
      Note: A program that allows the continuous acquisition of investment units of Tosei Reit through securities companies at a fixed amount and at fixed intervals.
  3. 3.Commencement Schedule
    The Program is scheduled to start in December 2016.

End