Notice Regarding Changes in Tender Offer Conditions for Investment Units of Sankei Real Estate Investment Corporation (Stock Code: 2972) by Tiger Investment Limited Partnership and Lion Investment Limited Partnership

Overview of Changes in Tender Offer Conditions

Tiger Investment Limited Partnership and Lion Investment Limited Partnership have decided to extend the tender offer period for investment units of Sankei Real Estate Investment Corporation, which started on January 7, 2026, from the initial 60 business days ending April 6, 2026, to 68 business days until April 16, 2026. The tender offer price remains unchanged at 125,000 yen. The extension is influenced by the anticipated significant decrease in operational status and dividends due to tenant relocation announced by the target corporation for the Fukuoka Green Building as of April 1, 2026.

Outlook and Impact on Investors

Delays in the renovation work of the Fukuoka Green Building and the re-tenanting completion are not expected within the fiscal year ending February 2027, and completing the sale within the same fiscal year is also deemed difficult. As a result, a significant decline in revenue, profit, and dividends is forecasted for the fiscal year ending February 2027, potentially impacting investor dividends. Specific figures will be disclosed in the financial results scheduled for April 15, 2026. After the tender offer, an extraordinary general meeting of investors is planned to consolidate investment units, and changes to management policy are expected.