Japan Logistics Fund: Notice Regarding Acquiring the Highest “Five-Star” Rank in GRESB Real Estate Valuation

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October 18, 2022

For immediate release

Trust in real estate investment

Japan Logistics Fund, Inc. (security code: 8967)

Representative: Naohiro Kameoka, Executive Director

Asset management company

Mitsui & Co., Logistics Partners Ltd.

Representative: Naohiro Kameoka, President

Contact: Shintaro Miyata, Department of Finance and International Relations

TEL +81-3-3238-7171

Notice regarding the acquisition of the highest rank “five stars”

in property valuation GRESB

Japan Logistics Fund, Inc. (hereinafter referred to as “JLF”) hereby announces that it has been awarded the highest “five-star” rank in the 2022 GRESB Real Estate Assessment.

1. GRESB Assessment

The GRESB is an annual benchmarking assessment to measure the ESG (environmental, social and governance) integration of real estate companies and funds, along with the name of the organization managing the assessment. It was founded in 2009 by a group of leading European pension funds who played a leading role in launching the Principles for Responsible Investment (PRI).

Currently, more than 170 investor members (with over $51 trillion in assets under management) use GRESB data for their investment decisions and relationships with investee companies, and several Japanese institutions, including the Government Pension Investment Fund (GPIF), use the results of the GRESB assessment. In 2022, 1,820 listed or private real estate companies and funds took part in the GRESB Real Estate Assessment.

Please see the GRESB website for more details (https://gresb.com/).

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2. Result of the evaluation

In the 2022 GRESB Real Estate Assessment, JLF received the highest “five-star” rank in the GRESB rating, which is based on the overall GRESB score and its quintile position against global participants. It also received a green star for the fifth consecutive year by achieving high performance in both the “management component” which assesses policies and organizational structure for ESG promotion, and the “performance component” which assesses the environmental performance and the commitment of the tenants of the properties held.

JLF also received the highest award A level for GRESB Public Disclosure, which assesses the extent of ESG disclosure.

3. Future measures

JLF and JLF’s asset manager, Mitsui & Co., Logistics Partners Ltd. (hereinafter referred to as “MLP”) are aware of fulfilling their social responsibilities such as environmental awareness and contribution to society, and will continue to implement sustainability practices, such as environmental measures and energy savings for logistics properties owned by JLF. JLF and MLP identify ESG-related materiality and formulate a climate change framework. For more information on JLF and MLP’s ESG initiatives, please see the following website or the sustainability report published in August 2022.

*JLF ESG Initiative website: https://8967.jp/en/esg/index.html2022 Sustainability Report:

https://8967.jp/file/en-esg-06da2f6e0be5b09d7433e4d5cc3ba74be8fa9bcb.pdf

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*JLF website: https://8967.jp/en/

This notice is the English translation of the Japanese ad on our website. However, no assurances or warranties are given as to the completeness or accuracy of this English translation.

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