This material includes forward-looking statements based on present assumptions and future outlook. Actual results may differ from the forward-looking statement values due to various factors.

Because the investment securities of Hankyu Hanshin REIT (hereinafter "HHR") are closed-ended securities for which redemption of units is not conducted by demand of unitholders, the only means for unitholders to convert the investment securities is to sell to third parties. The market value of the investment securities is affected by supply/demand at the exchange and also fluctuates, affected by interest rate environment, economic situations, real estate market trends and various other factors surrounding the market. Therefore, unitholders may not be able to sell investment securities at the price of acquisition, incurring loss.

This material is not intended as a solicitation to acquire investment securities of HHR nor is it intended as a solicitation to sign contracts relating to transactions of other financial instruments. When undertaking any investment, please do so based on your own judgment and responsibility as an investor.

Before purchasing investment securities of HHR, please consult with a securities company that is a "Type I Financial Instruments Business Operator."

This material is an English translation of the original, which was issued in the Japanese language.

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Hankyu REIT Inc. published this content on 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 07:11:04 UTC.