Notice of Acquisition of Asset

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1 For Immediate Release December 25, 2007 REIT Issuer CREED OFFICE Investment Corporation Kasumigaseki, Chiyoda-ku, Tokyo Name of representative: Executive Director Hideya Yamanaka (Code number: 8983) Asset Manager C r e e d R E I T A d v i s o r s, I n c. Name of representative President: CEO Hideya Yamanaka Contact: GM, Finance Hisayoshi Towata (Tel: ) Notice of Acquisition of Asset CREED OFFICE Investment Corporation (the Investment Corporation ) is pleased to announce that the Investment Corporation has today decided on the acquisition of an asset, as described below. 1. Summary of Acquisition (1) Asset to be acquired : Real estate (2) Name of the acquired asset : Niigata Mitsui Bussan (property number: E-9) (*1) (3) Asset classification : Type A (*2) (4) Location : Niigata Mitsui Bussan : Higashi Odori, Chuo-ku, Niigata-shi, Niigata Parking lot on separate site: Higashi Odori, Chuo-ku, Niigata-shi, Niigata (5) Scheduled acquisition cost : 3,075,000,000 yen (including parking lot on separate site) (not including acquisition expenses, property tax, city planning tax and consumption tax) (6) Vendor : Refer to 4. Vendor Profile below (7) Signing date of the sales agreement : December 26, 2007 (scheduled) (8) Date of acquisition : February 1, 2008 (scheduled) (9) Funds for acquisition : Use of borrowed funds is planned. *1 The name is scheduled to be changed after the Investment Corporation acquires the asset. *2 Type A represents assets under management that have executed their profitability to a certain degree but have rooms to produce further profits. 2. Reasons for Acquisition The reason for this acquisition is to improve the portfolio in Other Major Regional Cities, reflecting the basic policy of asset management and the investment stance provided in the Investment Corporation s Articles of Incorporation. When deciding on the acquisition, the following points were assessed in particular:

2 Location with High Competitiveness; High Grade with Large-scale Renovation Completed Niigata City is a central city in the Hokuriku area, with a population of 805,533 (as of the end of November 2007) and home to the prefecture government office of Niigata Prefecture. The city became an ordinance-designated city on April 1, Niigata City has the function of a traffic junction on the Japan Sea-side of Honshu (main island), with Niigata Station serving the Joetsu Shinkansen (bullet train) and local lines connecting to the Tohoku and Kinki areas, expressways spreading in every direction from Niigata City to include the Hokuriku, Kanetsu, Banetsu and Nihonkai Tohoku expressways, and the Port of Niigata which has a long history of operation. The property is an office building with good location and high visibility, as it stands approximately two minutes on foot from the Bandaiguchi exit of Niigata Station on the JR Joetsu Shinkansen and Shinetsu Honsen lines and is located on the three-way corner in the block closest to Niigata Station along Higashi Odori street running from Niigata Station through Bandaibashi bridge. The Niigata Station North Exit zone, to which the property belongs, is a central office area in Niigata City with a concentration of many large-scale buildings centering on Higashi Odori street. The area is often considered as a relocation destination by major tenants because of its proximity to Niigata Station, while it can be expected to meet a certain level of relocation needs for relatively small tenants. In addition, major renovation construction was conducted on the property in 2000 in the entrance hall and common areas of each floor as well as a renovation of the elevators. Since many of the office buildings in the area are many years old and have not had any renovation constructions, the property has certain advantages in the level of facilities as well. The Investment Corporation has evaluated the location and characteristics of the property, and judges that the property will continue to have high competitiveness in the concerned area. 3. Summary of Asset to be Acquired Summary of Specific Asset Outline of Real Estate Appraisal Certificate (yen) Type of specified asset Real estate Appraisal company Rich Appraisal Institute K.K. Acquisition cost (planned) 3,075,000,000 yen Appraised value (Note 4) 3,080,000,000 Location Higashi Odori, Chuo-ku, Price date December 10, 2007 (residence indication) Niigata-shi, Niigata (Note 1) Higashi Odori, Chuo-ku, Niigata-shi, Niigata Type of ownership Ownership right Profit price through direct 3,080,000,000 capitalization method Land area (m 2 ) 1,089.58/1, Income 286,306,302 Use Commercial area Obtainable rent income 274,420,140 Land coverage / 80%/600% Amount equivalent to 38,229,617 floor area ratio loss on vacant space Type of ownership Ownership right Other income 50,115,779 Use Office/parking lot Expenditure 99,084,946 Total floor area (m 2 ) 9,571.05/1, (Note 2) Administrative and 41,758,963 maintenance expenses, etc. Structure/Floors SRC B2F/12F/ S1F Taxes and public dues 16,442,448 Time of June 7, 1965/September 29, 1993 Other expenses 40,883,535 construction Parking facilities 128 vehicles Net operating income (NOI) 187,221,356 PML from earthquake 13.7%/6.6% Capital expenditure 17,912,427 (Assessment company: Shimizu (repair reserve), etc. Corporation) Land

3 Architect MHS Planners, Architects and Net profit 169,308,929 Engineers Builder Kajima Corporation Cap rate 5.5% Check & inspection organization Niigata City Profit price based on DCF method 3,080,000,000 Lease condition(as of end of November 2007) Discount rate 5.3% Total number of end 27 Final cap rate 5.6% tenants Rentable space (m 2 ) 6, Cumulative value based on cost 1,554,000,000 method Leased area (m 2 ) 5, Ratio of land 64.7% Occupancy ratio (area 82.79% Ratio of building 35.3% basis) Property management company consigned after acquisition TBD (Note 3) Special Items (Note 1) The property comprises an office building and a parking lot on a separate site. The location (residence indication) shows the address of the office building on the upper line and that of the parking lot on the lower line. (Note 2) The total floor area of the parking lot on the separate site indicates the figure entered in the inspection certificate, and includes the floor area of the annexed building (type of building: management office, building structure: light steel frame structure with zinc coated steel flat roof, floor area: 19.44m 2 ). (Note 3) The Investment Corporation plans to conclude a building management consignment agreement with Bussan Real Estate Co., Ltd. limited to a three-month period from the acquisition of the property. (Note 4) The figure is the combined value of the office building and the parking lot on the separate site. 1. The property does not meet the requirement of height limitations and the structure of emergency exit stairs, but discussions will be held with the Niigata City Office on how to handle the issue and the seller shall take responsibility and liability to solve the problems by the date of acquisition by the Investment Corporation. 2. The road on the southwestern side of the parking lot on the separate site is subject to city planning (as decided on January 20, 2006). When the city planning is implemented, the southwestern side of the said site will be set back by approximately 14m from the current boundary with the road. The project plan has not yet been decided, and it will begin in 2021 or after if it is implemented. 3. The Investment Corporation has no plans to pledge collateral for the asset at present. 4. Vendor Profile Company name Bussan Real Estate Co., Ltd. Head office address Nishi Shinbashi, Minato-ku, Tokyo Representative Shinzaburo Shigematsu Paid-in capital 1 billion yen(as of March 31, 2007) Main business Leasing and management of buildings, transaction and brokerage of real estate, etc. Capital structure Mitsui & Co., Ltd. (100% investment) Relationship between the Nothing in particular Investment Corporation and the investment trust management company *The vendor is not an interested party, etc. as defined in the Investment Trust and Investment Corporation Law nor an interested party as defined in the internal rules of the asset management company. 5. Agent Profile Company name Head office address The Sumitomo Trust & Banking Co., Ltd , Kitahama, Chuo-ku, Osaka-shi, Osaka

4 Representative Yutaka Morita Paid-in capital billion yen(as of March 31, 2007) Main business Banking and trust business Relationship between the Nothing in particular Investment Corporation and the investment trust management company *Fees paid to the agent are not disclosed at the request of the agent. The agent is not an interested party, etc. as defined in the Investment Trust and Investment Corporation Law nor an interested party as defined in the internal rules of the asset management company. 6. Outlook of the Conditions of Management The acquisition of the asset has little effect on management of the portfolio, and there is no change in the outlook of the conditions of management for the term ending April 2008 (November 1, 2007 to April 30, 2008). <Appendices> Reference Material 1: General view photo, map Reference Material 2: List of portfolio after acquisition of the asset Reference Material 3: List of architects, builders and inspection organizations * This document is being distributed today to the Kabuto Club (the press club of the TSE) as well as to the press club for the Ministry of Land, Infrastructure and Transport and the press club for specialty construction newspapers at the Ministry of Land, Infrastructure, Transport and Tourism. * Website of the Investment Corporation: * This English notice is a translation of the original Japanese notice and is provided solely for informational purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

5 <Reference Material 1> General view photo, map Niigata Mitsui Bussan Parking lot on the separate site

6 Parking lot on the separate site Niigata Mitsui Bussan

7 <Reference Material 2> Portfolio List Acquisition cost Region Property Name of property (million yen) Tokyo metropolitan area Kansai area Five major metropolitan areas Ratio (%) Acquisition date A-1 Shinichi 7, March 17, 2006 A-2 Nishisando Yamaki 4, March 15, 2006 A-3 Roppongi DK 2, March 16, 2006 A-4 MTC 2, March 16, 2006 A-5 COI Higashi-Nihonbashi 2, March 16, 2006 A-7 Nanpeidai Chiyoda 2, March 17, 2006 A-8 Joware Hanzomon 2, March 16, 2006 A-9 Dai 20 Chuo 1, March 15, 2006 A-10 Infini Akasaka 1, March 17, 2006 A-12 Profitlink Hijirizaka 1, March 17, 2006 A-13 Hirakawacho March 15, 2006 A-14 Shinbashi Sky March 17, 2006 A-15 Daimon Sano March 17, 2006 A-16 Tamachi Kataoka March 17, 2006 A-17 Ginza Todoroki March 17, 2006 A-18 COI Shibuya Kamiyamacho 1, May 16, 2006 A-19 Akasaka Wakamiya May 16, 2006 A-20 COSMO Shibazonobashi 1, February 22, 2007 A-21 COI Ebisu Nishi 3, December 12, 2007 A-22 COI Ginza 612 2, July 27, 2007 A-23 Fiesta Shibuya 3, August 1, 2007 A-24 COI Uchikanda 2, September 4, 2007 A-25 COI Kudan-Minami October 4, 2007 A-26 Yotsuya 4-Chome December 4, 2007 A-27 COI Akasaka Tameike November 29, 2007 B-1 COI Gotanda 5, March 16, 2006 B-2 Burc Omori 3, March 17, 2006 B-3 Benex S-2 2, March 17, 2006 B-4 Daiwa Kunitachi 2, March 17, 2006 B-5 Asakusa Kaminarimon SIA 1, March 15, 2006 B-6 Green-Park 1, March 16, 2006 B-7 REGALO 1, March 15, 2006 B-8 OT 1, March 16, 2006 B-9 Lespoir 296 1, March 16, 2006 B-10 Technos Nakano March 17, 2006 B-11 Eishin 1, June 1, 2006 B-12 Yokosuka Bayside 1, May 16, 2006 B-13 Chitose 2, December 4, 2007 B-14 Route Ikebukuro December 4, 2007 B-15 Nishi-Gotanda Access 1, December 5, 2007 C-1 Yotsubashi-Chuo 1, March 16, 2006 C-2 Aspire 7 Bankan March 17, 2006 C-3 Ibaraki Kowa March 17, 2006 D-1 Sendai Ichibancho 2, March 17, 2006 D-2 Kearney Place Hiroshima Kamiyacho 1, March 15, 2006 D-3 COI Mei-Eki 1, March 15, 2006 D-4 Nagoya Plaza 5, April 24, 2006 D-5 Minami2jyou Plum 1, May 16, 2006 D-6 COI Sendai Chuo June 30, 2006 D-7 Solon Keyakidori 1, July 3, 2007 E-1 Toyamaeki Nishi 2, March 15, 2006 Other principal E-2 Daihyaku Mirai-Shinkin 1, March 15, 2006

8 cities E-3 Kearney Place Saga 1, March 15, 2006 E-4 Naha Trust 1, March 16, 2006 E-5 Kearney Place Kanazawaeki-Mae 1, March 15, 2006 E-6 COI Takamatsu 3, December 10, 2007 E-7 Tokyo Seimei-Nippon Koa Toyama December 4, 2007 E-8 Akita Sanno December 4, 2007 E-9 Niigata Mitsui Bussan 3, February 1, properties in total 112, (Note 1) In the Acquisition Cost column, the acquisition costs excluding consumption tax on the acquired assets are listed. As the figures are rounded to the nearest million yen, the sum of the listed amounts will not necessarily equal the total amount. (Note 2) In the Ratio column, the ratios of the acquisition costs of acquired assets to the total amount are listed. As the figures are rounded to the nearest first decimal place, the sum of the listed ratios will not necessarily amount to 100%.

9 <Reference Material 3> List of architects, builders and inspection agencies Property number Name of property Architect Builder Inspection agency A-1 Shinichi Obayashi Corporation Obayashi Corporation A-2 Nishisando Yamaki Nikken Sekkei Joint venture of Tokyu Construction and Keio Construction Co., Ltd. A-3 Roppongi DK Takenaka Corporation Takenaka Corporation A-4 MTC A-5 COI Higashi-Nihonbashi Sanwa Tatemono, Inc. Sanwa Tatemono Engineering, Inc. (building extension) Ishimoto Architectural & Engineering Firm, Inc. A-7 Nanpeidai Chiyoda Kimura Architects and Engineering Office Sanwa Tatemono, Inc. Sanwa Tatemono Engineering, Inc. (building extension) Sato Kogyo Co., Ltd. Joint venture of Taisei Corporation and Nissan Kensetsu Co., Ltd. A-8 Joware Hanzomon Art Space Factory Co., Ltd. Satohide Corporation A-9 Dai 20 Chuo First-Class Architect Office of Satokogyo Co., Ltd. Sato Kogyo Co., Ltd. A-10 Infini Akasaka Kikutake Kiyonori Architect Kajima Corporation A-12 Profitlink Hijirizaka Kokune Corporation Kokune Corporation A-13 Hirakawacho Nihon Sekkei, Inc. A-14 Shinbashi Sky NCA Architect and Design, Inc. Kitano Construction Corporation A-15 Daimon Sano Tsuji Design Office Tatsumura-gumi, Inc. A-16 Tamachi Kataoka Urbanlife Architect & Engineers Inc. Nishimatsu Construction Co., Ltd. A-17 Ginza Todoroki Maeda Corporation Maeda Corporation A-18 COI Shibuya Kamiyamacho A-19 Akasaka Wakamiya A-20 COSMO Shibazonobashi IAO Takeda Architects Associates Co., Ltd. Akira Watanabe Architects and Associates Oka Sekkei K. K. Tobishima Corporation Takenaka Corporation Kajima Corporation A-21 COI Ebisu Nishi Sanwa General Contractor Inc. Sanwa General Contractor Inc. A-22 COI Ginza 612 M.S.A. Architectural Design Office K.K Kitano Construction Corporation A-23 Fiesta Shibuya Dan Sekkei Architects Taisei Corporation A-24 COI Uchikanda Fukui Kenji Architects Takenaka Corporation A-25 COI Kudan-Minami Masashi Yoshida & Associates Fuetsu Kensetsu Co., Ltd. A-26 Yotsuya 4-Chome Shimizu Architects & Engineers Office Fuetsu Kensetsu Co., Ltd. A-27 COI Akasaka Tameike ANDO Corporation ANDO Corporation B-1 COI Gotanda Kyosuke Mori Architect Office Daisue Construction Co., Ltd. B-2 Burc Omori Daiichi Office Co., Ltd. Shintoshi Office Co., Ltd. (building extension) Magara Construction Co., Ltd. (Tokyo Prefecture) (Shibuya Ward) / ( extension) (Tokyo Prefecture) (Tokyo Prefecture) (Shibuya Ward) (Chiyoda Ward) (Chuo Ward) (Chiyoda Ward) (Chuo Ward) (Shibuya Ward) (Shibuya Ward) (Chuo Ward) (Shibuya Ward) (Chiyoda Ward) (Chiyoda Ward) (Center of International Architectural Standard) (Bureau Veritas Japan Co., Ltd.) (Tokyo Prefecture) (Tokyo Prefecture) (Including building

10 B-3 BENEX S-2 Rui Design Room Kajima Corporation B-4 Daiwa Kunitachi Takenaka Corporation Takenaka Corporation B-5 Asakusa Kaminarimon SIA B-6 Green-Park B-7 REGALO Nomura Real Estate Development Co., Ltd. First-Class Architect Office Ishikawa Masayoshi First-Class Architect Office Urban Development Engineering & Consulting Inc. Haseko Corporation Daisue Construction Co., Ltd. B-8 OT Yamanaka Design Lab. Obayashi Corporation B-9 Lespoir 296 Kowa Architect Office Sato Kogyo Co., Ltd. B-10 Technos Nakano Yokomine Architect Office Nishimatsu Construction Co., Ltd. B-11 Eishin Raymond Architectural Design Office, Inc. Mitsui Construction Co., Ltd. B-12 Yokosuka Bayside Taisei Corporation Taisei Corporation B-13 Chitose Hazama Corporation Hazama Corporation B-14 Route Ikebukuro Mizota Architectural Design Office Fudo Corporation B-15 Nishi-Gotanda Access First-Class Architect Office C-1 Yotsubashi-Chuo Takenaka Corporation Takenaka Corporation C-2 Aspire 7 Bankan Sanwa Architect Office Muramoto Corporation C-3 Ibaraki Kowa Konoike Construction Co., Ltd. Konoike Construction Co., Ltd. D-1 Sendai Ichibancho D-2 Kearney Place Hiroshima Kamiyacho D-3 COI Mei-Eki Nakamura Construction Co., Ltd. First-Class Architect Office Nakamura Construction Co., Ltd. D-4 Nagoya Plaza Suematsu Architect Office D-5 Minami2jyou Plum Sapporo Nissoken, Hokkaido Branch D-6 COI Sendai Chuo GKK Architects & Engineers Ohki Corporation D-7 Solon Keyakidori JIN Architects and Engineering Office E-1 Toyamaeki Nishi Takenaka Corporation Takenaka Corporation E-2 E-2 Daihyaku Mirai-Shinkin (office building) Daihyaku Mirai-Shinkin (multilevel parking) Raymond Tanabe Architectural Design Office, Inc. Mitsubishi Heavy Industries, Ltd. E-3 Kearney Place Saga Azusa Sekkei Co., Ltd. E-4 Naha Trust Mitsui Construction Co., Ltd E-5 Kearney Place Kanazawaeki-Mae Raymond Architectural Design Office, Inc. (renovations) Sato Corporation Mitsubishi Heavy Industries, Ltd. Joint venture of Fujikensetsu Co., Ltd. and Matsuo Corporation Mitsui Construction Co., Ltd, Daiyone Construction Co., Ltd. extension) (Yokohama City) (Tokyo Tama Nishi Guidance Office) (Taito Ward) (Toshima Ward) (Machida City) (Bunkyo Ward) (Yokohama City) (Nakano Ward) (Koto Ward) (Yokosuka City) (Meguro Ward) (Toshima Ward) (Shinagawa Ward) (Osaka City) (Amagasaki City) (Osaka Prefecture) (Aoba Ward Sendai City) (Hiroshima City) (Nagoya City) (Nagoya City) (Sapporo City) (Sendai City) (Fukuoka City) (Toyama City) (Oita City) (Oita City) (Saga Prefecture) (Naha City) (Kanazawa City) (The Taisei Corporation Taisei Corporation, Shikoku Branch E-6 COI Takamatsu Center of First-Class Architect Office Japan) E-7 Tokyo Seimei-Nippon Koa Fujita Engineering Co., Ltd. Fujita Engineering Co., Ltd., Hokuriku

11 Toyama First-Class Architect Office Branch (Toyama City) Sato Kogyo Co., Ltd. (Akita E-8 Akita Sannno 21 Sato Kogyo Co., Ltd., Tohoku Branch First-Class Architect Office City) Niigata Mitsui Bussan E-9 MHS Planners, Architects and Engineers Kajima Corporation (Niigata City)

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