Mitsubishi Estate Co., Ltd. announced that it will make organizational changes within current business groups, intending to reinforce its endeavors in future strategic growth areas. New establishment of Building Renovation Consulting & Solutions Office: The company will newly establish the Building Renovation Consulting & Solutions Office, which will be in charge of sales proposals concerning business to effectively utilize aged buildings, in Business Development, Consulting & Solutions Department 1 to promote the concerned business as the Mitsubishi Estate Group. Integration of Consulting & Solutions Management Office into Business Development, Consulting & Solutions Department 1: The company will integrate the Consulting & Solutions Management Office into the Business Development, Consulting & Solutions Department 1. New establishment of Open Innovation Promotion Office: The company will newly establish the Open Innovation Promotion Office in Area Brand Management Department as a function in charge of promoting open innovations in the Marunouchi area. Furthermore, the company will transfer and integrate the Value Creation Office in the Urban Development Promotion Department into the Area Brand Management Department in order to consolidate functions to develop new functions within the Office Building Group. Integration of Residential Land & Recreational Facilities Management Office into Residential Business Planning Department: The company will integrate the Residential Land & Recreational Facilities Management Office into the Residential Business Planning Department. Integration of Americas & Europe Business Department and Asia Business Department in International Business Planning Department: The company will integrate the Americas & Europe Business Department and Asia Business Department into the International Business Planning Department in order to reinforce and improve efficiency of portfolio strategy and other functions within international business by consolidating decision making and business promotion functions into local companies with an aim to expand and speed up international business. New establishment of Taiwan Representative Office: The company will newly establish the Taiwan Representative Office as a base for promoting and expanding business in Taiwan. New establishment of Facility Management Office: The company will newly establish the Facility Management Office in the General Affairs Department as a function in charge of facility maintenance for improving office environment and productivity. Reorganization of Business Creation Department: Business Creation Department will be reorganized as an organization controlled directly by the president for agile and speedy execution of operations.

The company announced the appointment of Tetsuji Arimori as in charge of Investment Management Business Department. Previously he was Senior Executive Officer in charge of Investment Management Business Department. JunichiTanisawa appointed as Director, Representative Corporate Executive Officer, Executive Vice President, in charge of Corporate Planning Department, Assistant to Business Creation Department. Previously he was Director, Senior Executive Officer, in charge of Corporate Planning Department, Business Creation Department. Jo Kato appointed as Director, Representative Corporate Executive Officer, Deputy President, Assistant to President, in charge of International Business Planning Department. Previously he was Director, Representative Corporate Executive Officer, Deputy President, Assistant to President, in charge of International Business Planning Department, Americas & Europe Business Department and Asia Business Department. Noboru Nishigai appointed as Senior Executive Officer, in charge of Human Resources Department, General Affairs Department, Legal & Compliance Department, CSR & Environmental Sustainability Department, Compliance, Risk Management and Environment/Disaster Prevention. Previously he was Executive Officer, General Manager of General Affairs Department. Hisashi Komada appointed as Senior Executive Officer, in charge of Residential Business Planning Department. Previously he was Executive Officer, General Manager of Tohoku Branch. Kenji Hosokane appointed as Senior Executive Officer, In charge of Lifestyle Property Business Planning Department, Retail Property Management Department, Retail Property Development Department, Retail Property Leasing Department and Logistics Facilities Development Department. Previously he was Executive Officer, General Manager of Yokohama Branch. Tetsuo Yuasa duties were changed to Senior Executive Officer, in charge of Office Building Planning Department, Office Building Management Department, Area Brand Management Department and Museum, Management Office, Office Leasing and Tenant Relations Department. Previously his duties were Senior Executive Officer, in charge of Office Leasing and Tenant Relations Department. Keiji Takano appointed as Executive Officer, General Manager of Investment Management Business Department. Previously he was Executive Officer, General Manager of International Business Planning Department. Atsushi Nakajima appointed as Executive Officer, General Manager of International Business Planning Department. Previously he was Executive Officer, General Manager of Americas & Europe Business Department. Yutaro Yotsuzuka appointed as Executive Officer, General Manager of Finance & Accounting Department. Previously he was General Manager of Finance & Accounting Department. Keiji Kimura duties will be changed from chairman of the board to director. Noboru Nishigai appointed as Director, Senior Executive Officer. Previously he was executive officer, general manager of general affairs department. All appointments are effective April 1, 2017.