Kenedix Retail REIT Corporation

Securities Code:3453

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Analyst Coverage

The following is a list of the analysts covering KRR.

As of November 29, 2016

Company Analyst
SMBC Nikko Securities Inc. Hiroshi Torii
Citigroup Global Markets Japan Inc. Takashi Hashimoto / Masashi Miki
Daiwa Securities Co., Ltd. Kohei Omura
Nomura Securities Co., Ltd. Ryo Takatsu / Tomohiro Araki
Mizuho Securities Co., Ltd. Yosuke Ohata
UBS Securities Japan Co., Ltd. Junichi Tazawa / Toshihiko Okino

This list (listed in order of Japanese syllabary) is based on information available to KRR and its asset manager at the time of publication, and is prepared according to the criteria of KRR and its asset manager. Consequently, the list may not be comprehensive or the information may be outdated.

The analysts included in this list and others not listed are engaged in providing analysis relating to the business and financial results of KRR, and/or projecting the future financial results of KRR, based on judgments made independently by the analysts either periodically or on ad hoc basis. Neither KRR nor its asset manager, or their respective management teams, have had any part whatsoever in the process by which the analysts form their analysis or projections. KRR and its asset manager do not in any way endorse or provide assurances concerning analysis, projections, opinions, recommendations, etc. made by the analysts.

This list is provided solely for the purpose of providing investors with information concerning companies and analysts who provide analysis or projections relating to the financial results, etc. of KRR. It does not constitute a solicitation to invest in KRR.

Any investment decisions shall be made by each investor solely based on their own judgment and at their own risk.

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