Shareholders' Memo

Category	Real Estate
Fiscal year-end	30-Nov
General Meeting of Shareholders	Late February
Record dates of dividend	May 31, November 30
Trading unit	100 shares
Listing Date	November 22,2006
Stock indices	JPX-Nikkei Mid and Small Cap Index FTSE Blossom Japan Index FTSE Blossom Japan Sector Relative Index MSCI Japan ESG Select Leaders Index
Transfer agent	Mitsubishi UFJ Trust and Banking Corporation Securities Agency Division 4-5,Marunouchi 1-chome,Chiyodaku,Tokyo
Benefits to shareholders	1. Shareholders eligible for the program Shareholders eligible for the program are those holding at least one trading unit (100 shares) of the Company's shares as of the record date November 30 of each fiscal year. 2. Details of the shareholder benefit program (1) The Company's original QUO cards shall be presented once a year depending on the continuous holding period. 1year to less than 2 years：1,000 Yen 2years to less than 5 years：2,000 Yen 5 years or more：3,000 Yen (2) A discount coupon worth 3,000 yen that can be used at hotels owned and operated by the Group shall be presented once a year regardless of the continuous holding period. * To the shareholders who bought the shares on the Singapore Stock Exchange, gift vouchers that can be used in Singapore (CapitaVoucher) equivalent to QUO cards presented according to the holding period and hotel discount coupons described in above will be presented once a year. * For information on the facilities where the hotel discount coupons can be used and the details of the terms and conditions, please visit the Company's website. 3. Delivery period The benefits are scheduled to be dispatched in late February of each year.