Starts Proceed Investment : Notice Concerning Introduction of Electricity Derived 100% from Renewable Energy

April 18, 2022

Translation Purpose Only

For Immediate Release

REIT Issuer

Starts Proceed Investment Corporation

3-1-8 Nihonbashi, Chuo-ku, Tokyo

Kazuya Hiraide, Executive Director

(Security Code: 8979)

Asset Management Company

Starts Asset Management Co., Ltd.

Kazuya Hiraide, Representative Director

Inquiries: Hideki Hamaguchi, General Manager of Financial Control and Administration Division

TEL. [phone]

Notice Concerning Introduction of Electricity Derived 100% from Renewable Energy

Starts Proceed Investment Corporation ("SPI") announces its decision to introduce electricity derived 100% from renewable energy for a portion of properties it owns ("the Initiative"). Details are as follows.

1.

Overview of the Initiative

From April 2022, electric power contracts for 71 of the 107 properties owned by SPI will be changed sequentially to 100% renewable electricity plans provided by Mitsuuroko Green Energy Co., Ltd.

Through the Initiative, virtually zero CO2 emissions will be achieved with respect to electricity used by the 71 properties (common areas).

2. List of properties where renewable power will be introduced

Property No.	Property name	Property No.	Property name	Property No.	Property name
C-1	Proceed Ichikawa	C-50	Proceed Gyotokuekimae	C-84	Proceed Maihama
C-3	Proceed Kasai	C-51	Proceed Funabashi Honcho	C-86	Proceed Shinkawa
C-4	Proceed Sangenjaya	C-52	Proceed Nishikawaguchi	G-8	Proceed Taikodori
C-5	Proceed Mizue	C-53	Proceed Gumyoji	G-11	Proceed Honamicho
C-6	Proceed Funabashi Miyamoto	C-54	Proceed Tsurugamine	G-13	Proceed Shinsakae
C-7	Proceed Minamikasai	C-55	Proceed Sagamiotsuka	G-14	Proceed Chiyoda
C-9	Proceed Gyotoku	C-57	Proceed Kashiwa Trois	G-15	Proceed Fukuoka Takamiya
C-10	Proceed Makuharihongo	C-60	Proceed Yukigaya	G-17	Proceed Kanayama
C-11	Proceed Minamigyotoku	C-61	Proceed Ichikawa Minami	G-18	Proceed Fukiage
C-12	Proceed Makuharihongo 2	C-62	Proceed Ichikawa Myoden	G-19	Proceed Toyota
C-14	Proceed Funabori	C-63	Proceed Fujisawa Kugenuma	G-25	Proceed Aratamabashi
C-15	Proceed Takenozuka	C-64	Proceed Nihonbashi-horidomecho	G-26	Proceed Bentencho
C-16	Proceed Sengendai 2	C-66	Proceed Gyotoku 2	G-27	Proceed Nagaikoendori
C-17	Proceed Shoto	C-67	Proceed Nishikasai	G-30	Proceed Hyogoekimaedori
C-18	Proceed Sangubashi	C-68	Proceed Kasai 2	G-31	Proceed Mizuho
C-20	Proceed Shinkoiwa	C-69	Proceed Nihonbashi Honcho	G-32	Proceed Osu
C-23	Proceed Toritsudaigaku	C-70	Proceed Nishi Shinjuku	G-33	Proceed Sendai Kozurushinden
C-41	Proceed Nishiarai	C-71	Proceed Unoki	G-34	Proceed Sendai Kamisugi
C-42	Proceed Chofu	C-72	Proceed Minamigyotoku 2	G-35	Proceed Kanayama 3
C-43	Proceed TX Rokucho	C-74	Proceed CO-Z West Building	R-2	Proceed Mito
C-45	Proceed Oizumigakuen	C-78	Proceed K2	R-3	Proceed Mito 2
C-46	Proceed Chitosekarasuyama	C-79	Proceed K3 Annex	R-4	Proceed Tsukuba Gakuentoshi
C-48	Proceed Kashiwa Est	C-80	Proceed K5	R-5	Proceed Mito 3
C-49	Proceed Kashiwa Nord	C-83	Proceed Monzennakacho	-	-

3.

SPI's ESG initiatives

SPI has identified its material issues based on its ESG policies, along which it is pushing ahead with its ESG initiatives. The Initiative is one that contributes to "reduction of greenhouse gas emissions and energy consumption," which is one of the identified material issues.

SPI will continue to push forward its ESG initiatives, including promoting the introduction of renewable energy.

* SPI website:https://www.sp-inv.co.jp/en/