Notice Concerning Execution of Basic Agreement on Renovation of Papillon Plaza
(WorldNews Japan)

Translation Purpose Only October 22, 2018 To All Concerned Parties 6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Takao Iwadou, Executive Director (Securities Code: 8964) Asset Management Company: Mitsui Fudosan Frontier REIT Management Inc. Goro Toyama Chief Executive Officer and Representative Director Inquiries: Mitsui Fudosan Frontier REIT Management Inc. Takashi Iwamoto Chief Finance Officer and Director Tel: +81-3-3289-0440 Notice Concerning Execution of Basic Agreement on Renovation of Papillon Plaza Frontier Real Estate Investment Corporation (the "Investment Corporation") announces that it has signed a Basic Agreement with Daiwa Lease Co., Ltd....