As of August 13, 2025

The total number of investment units that Kasumigaseki Hotel REIT Investment Corporation is authorized to issue, as well as the total number of investment units issued and outstanding, are as follows:

Total Unitholders' Capital	27,730 million yen
Investment Units Authorized	10,000,000 units
Investment Units Issued and Outstanding	287,300 units

Changes in total unitholders' capital and investment units issued since the establishment of Kasumigaseki Hotel REIT Investment Corporation are as follows:

Date	Remarks	Total Unitholders' Capital		Investment Units Issued and Outstanding
		Increase	Balance	Increase in Units	Balance
April 01, 2025	Private placement for incorporation	160,000	160,000	1,600	1,600
August 12, 2025	Public offering	27,570,050	27,730,050	285,700	287,300

• Kasumigaseki Hotel REIT Investment Corporation was established on April 1, 2025. The subscriber to the investment units at the time of establishment was Kasumigaseki Capital Co., Ltd.

As of January 31, 2026

Name	Number of Investment Units Held	Percentage of Units Issued and Outstanding
Custody Bank of Japan, Ltd.(Trust Acct.)	51,844	18.0%
The Master Trust Bank of Japan, Ltd. (Trust Acct.)	42,932	14.9%
MSIP CLIENT SECURITIES	12,881	4.5%
The Nomura Trust and Banking Co, Ltd. (Trust Acct.)	8,039	2.8%
SCBHK AC LIECHTENS TEINISCHE LANDESBANK AG	4,371	1.5%
Individual	3,044	1.1%
Nomura Securities Co., Ltd.	3,019	1.1%
Individual	3,000	1.0%
Morgan Stanley MUFG Securities Co., Ltd.	2,976	1.0%
Magonote Club Co., Ltd.	2,466	0.9%
Kasumigaseki Capital Co., Ltd.	1,600	0.6%
Total	136,172	47.4%

Unitholder Composition

Name	Percentage of number of units basis(%)	Percentage of number of unitholders basis(%)
Individuals	41.2	96.2
Financial Institutions	40.1	0.3
Other Corporations	9.5	2.7
Foreign Corporations and Individuals	9.1	0.9