SIA REIT, Inc. decided at its Board of Directors meeting held on October 31, 2014 to appoint the following persons as new candidates for directors and the decisions on appointments was made at the extraordinary shareholders meeting held on October 31, 2014. In addition, a current director and a current corporate auditor of the asset management company are scheduled to retire. Appointed Directors: Yoshio Sano and Shinichiro No as part-time directors.

Nobuyoshi Nakano retired as part-time director and Yoshio Sano retired as part-time Corporate Auditor. All changes effective October 31, 2014.