Premier Investment Corporation

TSE code 8956

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Message to Our Unitholders

Dear Investor,

On behalf of Premier Investment Corporation (PIC), I would like to express our sincere gratitude for your loyal patronage.

PIC has continued to grow steadily through close collaboration with NTT Urban Development Corporation (NTTUD), the main sponsor. Furthermore, in the 30th fiscal period ended October 2017, PIC acquired a large-scale office building (67.0% quasi co-ownership interest) located in central Tokyo for 15.0 billion yen through a transaction with sources other than our sponsors.

This brought PIC’s owned assets as of October 31, 2017 to 60 properties in total, comprising 29 office buildings and 31 residential properties and asset size standing at 249.0 billion yen. The occupancy rate of the entire portfolio was 95.6% as of that date.

For the 30th fiscal period, PIC posted operating revenues of 8,644 million yen, an increase of 2.4% from the previous fiscal period, and net income of 3,341 million yen, a increase of 0.7% from the previous fiscal period.

As for distribution per unit, PIC secured 2,537 yen that surpassed the forecast for the period (2,450 yen) announced in the Financial Report for the Fiscal Period Ended April 30, 2017 dated June 16, 2017.

Going forward, we will continue our endeavors to further expand the asset size while working to enhance the quality of the portfolio and aim to achieve stable management over the medium to long term. In doing so, we will put forth our utmost efforts to meet the expectations of our unitholders. We appreciate and request your continued support and encouragement of PIC.

December 18, 2017

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Premier Investment Corporation
Executive Director
Takahiro Okuda