Kenedix Retail REIT : Notice Concerning Support for TCFD Recommendations

Translation of Japanese Original

October 12, 2021

To All Concerned Parties

REIT Issuer:

Kenedix Retail REIT Corporation

Representative:	Moyuru Watanabe, Executive	Director
	(Securities	Code: 3453)

As se t M an ag e r:

Kenedix Real Estate Fund Management, Inc.

Representative:	Masahiko Tajima, President & CEO
Contact:	Koichiro Nobata, Head of Planning Division,
	Retail REIT Department
TEL:	[phone]

Notice Concerning Support for TCFD Recommendations

Kenedix Real Estate Fund Management, Inc. ("the Asset Management Company") to which Kenedix Retail REIT Corporation ("the Investment Corporation") entrusts the management of assets, hereby announces that it has expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures ("TCFD") and also joined the TCFD consortium, a group of domestic companies that support TCFD recommendations.

1. Overview of TCFD

TCFD is an international initiative established by the Financial Stability Board ("FSB") at the request of the G20 for the purpose of discussing the disclosures of climate-related financial information and the responses by financial institutions. TCFD publishes recommendations for companies to disclose their governance, strategy, risk management, and metrics and targets for climate-related risk and opportunities.

2. Overview of TCFD Consortium

TCFD Consortium is a group of companies and financial institutions that support the TCFD recommendations. The consortium was established with a view to further discussion on effective corporate disclosures of climate- related information and initiatives to link disclosed information to appropriate investment decisions on the part of financial institutions and other organizations.

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3. Future measures

The Investment Corporation promotes ESG (Environment, Social and Governance) initiatives based on "Sustainability Policies" established by the Asset Management Company. For the initiatives by the Investment Corporation and the Asset Management Company, please refer to the following.

The Investment Corporation's initiatives for sustainability: https://www.krr-reit.com/en/esg/index.html

The Asset Management Company's initiatives for sustainability: https://kenedix-fm.com/en/sustainability.html

KRR website address:https://www.krr-reit.com/en/

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