The “Investment Corporation”) Is Pleased to Announce That the Investment Corporation Has Decided on the Acquisition of an Asset Today

June 5, 2007 For Immediate Release REIT issuer CREED OFFICE Investment Corporation 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo Name of representative Executive Officer Hideya Yamanaka (Code number: 8983) Contact Creed REIT Advisors, Inc. GM, Finance Hisayoshi Towata (Tel: 03-3539-5943)

Notice of Acquisition of Asset

CREED OFFICE Investment Corporation (the “Investment Corporation”) is pleased to announce that the Investment Corporation has decided on the acquisition of an asset today. Details of the acquisition are as follows:

1． Summary of Acquisition

(1) Asset to be acquired : Real estate (2) Name of the acquired asset : COI Ebisu Nishi Building (property number: A-21)* (3) Location : 2-7-3, Ebisu-Nishi, Shibuya-ku, Tokyo (4) Scheduled acquisition cost : 3,000 ,000,000 yen (not including acquisition expenses, property tax, city planning tax and consumption tax) (5) Vendor : Refer to the “Vendor Profile” below (6) Signing date of the sales : June 5, 2007 (scheduled) agreement (7) Date of acquisition : By the end of November 2007 (scheduled) (8) Funds for acquisition : Use of the Investment Corporation’s own funds is planned. *The name is scheduled to be changed to the name above after the Investment Corporation acquires the asset.

2． Reasons for Acquisition

The reason for this acquisition is to improve the portfolio by increasing the weighting of the Investment Corporation’s investment in office buildings located in the five wards in central Tokyo, reflecting the basic policy of asset management and the investment stance provided in the Regulation of the Investment Corporation. When deciding on the acquisition, the following points were assessed in particular:

■ Good location and luxurious building specifications that are rare in the Ebisu area The Ebisu area where the asset is located is an area with small and large tenants on both major roads and alleys centering around Ebisu Station on JR Lines and the Tokyo Metro Hibiya Line, and has merchandise, food and service related stores as well as the characteristics of the region as an information center. Consequently, the area has active tenant demand from primarily IT related firms and software development related firms. On the other hand, the supply of office buildings is relatively low compared to the large size of the demand and vacancy rates in the area have hovered at low levels. The asset is situated within such an area, on a corner lot that is highly visible and accessible, about a five-minute walk from Ebisu Station. Constructed in 1992, the building boasts luxurious specifications. An example is the marble floors and

walls of the first floor entrance. In addition, rental units are installed with individual air-conditioning systems on each floor and, because of its regular shape, tenants will find it easy to use. The fact that there is multilevel parking with spaces for 18 vehicles can be viewed as another point that makes this asset superior to surrounding buildings. The occupancy ratio of the asset, as of today, is 100%. Concerning the rental units that the seller is currently using, the seller plans to continue using those rental units after the Investment Corporation acquires the asset. Thus, a regular lease agreement is scheduled to be newly entered with the seller as the lessee at the same time as when the acquisition of the asset is settled.

3． Asset Summary 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 3,000,000,000 yen Appraised value 3,010,000,000 (estimate) Location 2-7-3, Ebisu-Nishi, Shibuya-ku, Tokyo Date of appraisal May 1, 2007 (residence indication) Type of ownership Ownership right Profit price through direct 3,110,000,000 capitalization method Land area (㎡) 350.21 Income 156,102,666

Land Use Commercial area Obtainable rent income 150,037,800 Land coverage / 80% / 500% Amount equivalent to loss on 4,501,134 floor area ratio vacant space Type of ownership Ownership right Other income 10,566,000 Use Office and parking lot Expenditure 19,334,156 Total floor area (㎡) 2,047.32 Administrative and 8,785,848 maintenance expenses, etc.

Building Structure/Floors SRC B1/9F Taxes and public dues 9,307,500 Time of construction June 10, 1992 Other expenses 1,240,808 Parking facilities 18 Net operating income (NOI) 136,768,510 PML from earthquake 13.7% (Assessment company: Shimizu Capital expenditure 7,214,000 Corporation) (repair reserve), etc. Architect Sanwa Tatemono, Inc. Net profit 130,764,726 Builder Sanwa Tatemono, Inc. Cap rate 4.2% Check & inspection Shibuya-ku, Tokyo Profit price based on DCF method 2,970,000,000 organization Lease condition (as of May 31, 2007) Discount rate 4.1% Total number of end tenants 4 (excluding seller) Final cap rate 4.3% Rentable space (㎡) 1,503.08 (including portion Cumulative value based on cost 1,600,000,000 occupied by seller) method Leased area (㎡) 1,503.08 (including portion Ratio of land 79.0% occupied by seller) Occupancy ratio (area basis) 100.0% Ratio of building 21.0% Property management company XYMAX AXIS Corporation consigned after acquisition Special Items 1. Boundary with adjacent land At present, boundaries with all adjacent land (including government land) are unconfirmed. In regards to this matter, the boundaries are currently being confirmed by the seller. The fence, block, etc. near the boundaries may possibly cross the boundaries to each other’s land. 2. Shed installed by seller Steel sheds have been installed on the escape balcony on the 2F, 8F and 9F of the building, but the seller is scheduled to be responsible for removing these by the time the building is to be handed over to the Investment Corporation. 3. The Investment Corporation plans to make the purchase with its own funds and currently has no plans to pledge collateral for the asset.

Vendor Profile

The vendor of this asset is not disclosed at the request of the vendor.

The vendor is not an “interested party, etc.” as defined in the Investment Trust and Investment Corporation Law and “interested party” as defined in the internal rules of the asset management company.

5. Agent Profile

Company name The Sumitomo Trust & Banking Co., Ltd. Head office address 4-5-33, Kitahama, Chuo-ku, Osaka Representative Yutaka Morita Paid-in capital 287.4 billion yen (as of the end of September 2006) Main business Banking business and trust business Relationship between the No statement required 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 and “interested party” as defined in the internal rules of the asset management company.

6. Outlook of the Conditions of Management and Investment The acquisition of the asset is scheduled to occur during November 2007, and there is no change in the outlook of the conditions of management and investment for the term ending October 2007 (May 1, 2007 to October 31, 2007).

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 and Transport. * Website of the Investment Corporation: http://www.creed-office.co.jp

General view photo, map

COI Ebisu Nishi Building

Portfolio List Acquisition Ratio Region Property Name of property cost Acquisition date (million yen) (%) A-1 Shinichi Building 7,162 8.2 March 17, 2006 Tokyo A-2 Nishisando Yamaki Building 4,439 5.1 March 15, 2006 metropolitan A-3 Roppongi DK Building 2,800 3.2 March 16, 2006 area A-4 MTC Building 2,690 3.1 March 16, 2006 A-5 COI Higashi-Nihonbashi Building 2,280 2.6 March 16, 2006 A-7 Nanpeidai Chiyoda Building 2,120 2.4 March 17, 2006 A-8 Joware Hanzomon 2,076 2.4 March 16, 2006 A-9 Dai20 Chuo Building 1,864 2.1 March 15, 2006 A-10 Infini Akasaka 1,862 2.1 March 17, 2006 A-12 Profitlink Hijirizaka 1,270 1.5 March 17, 2006 A-13 Hirakawacho Building 980 1.1 March 15, 2006 A-14 Shinbashi Sky Building 865 1.0 March 17, 2006 A-15 Daimon Sano Building 722 0.8 March 17, 2006 A-16 Tamachi Kataoka Building 577 0.7 March 17, 2006 A-17 Ginza Todoroki Building 548 0.6 March 17, 2006 A-18 COI Shibuya Kamiyamacho Building 1,460 1.7 May 16, 2006 A-19 Akasaka Wakamiya Building 850 1.0 May 16, 2006 A-20 COSMO Shibazonobashi Building 1,420 1.6 February 22, 2007 A-21 COI Ebisu Nishi Building 3,000 3.4 By November 2007 end B-1 Gotanda Fuji Building 5,208 5.9 March 16, 2006 B-2 Burc Omori 3,370 3.8 March 17, 2006 B-3 Benex S-2 2,438 2.8 March 17, 2006 B-4 Daiwa Kunitachi Building 2,057 2.4 March 17, 2006 B-5 Asakusa Kaminarimon SIA Building 1,871 2.1 March 15, 2006 B-6 Green-Park Building 1,600 1.8 March 16, 2006 B-7 REGALO Building 1,664 1.9 March 15, 2006 B-8 OT Building 1,103 1.3 March 16, 2006 B-9 Lespoir 296 1,074 1.2 March 16, 2006 B-10 Technos Nakano Building 979 1.1 March 17, 2006 B-11 Eishin Building 1,650 1.9 June 1, 2006 B-12 Yokosuka Bayside Building 1,545 1.8 May 16, 2006 Kansai area C-1 Yotsubashi-Chuo Building 1,700 1.9 March 16, 2006 C-2 Aspire 7Bankan 721 0.8 March 17, 2006 C-3 Ibaraki Kowa Building 789 0.9 March 17, 2006 D-1 Sendai Ichibancho Building 2,480 2.8 March 17, 2006 D-2 Kearney Place Hiroshima Kamiyacho 1,709 2.0 March 15, 2006 Five major D-3 COI Mei-Eki Building 1,474 1.7 March 15, 2006 metropolitan areas D-4 Nagoya Plaza Building 5,807 6.6 April 24, 2006 D-5 Minami2jyou Plum Building 1,030 1.2 May 16, 2006 D-6 COI Sendai Chuo Building 786 0.9 June 30, 2006 Other E-1 Toyamaeki Nishi Building 2,345 2.7 March 15, 2006 principal E-2 Daihyaku･Mirai-Shinkin Building 1,892 2.2 March 15, 2006 cities E-3 Kearney Place Saga 1,200 1.4 March 15, 2006

E-4 Naha Trust Building 1,197 1.4 March 16, 2006 E-5 Kearney Place Kanazawaeki-Mae 1,071 1.2 March 15, 2006 45 properties in total 87,748 100.0 (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%.

List of architects, builders and inspection agencies

Property Name of property Architect Builder Inspection agency number District surveyor A-1 Obayashi Corporation Obayashi Corporation Shinichi Building (Tokyo prefecture) Joint venture of Tokyu Nishisando Yamaki District surveyor A-2 Nikken Sekkei Ltd. Construction and Keio (Shibuya-ku) Building Construction District surveyor A-3 Takenaka Corporation Takenaka Corporation Roppongi DK Building (Minato-ku) District surveyor Sanwa Tatemono, Inc. Sanwa Tatemono, Inc. (Minato-ku) A-4 MTC Building Sanwa Tatemono Engineering, Inc. Sanwa Tatemono Engineering, / (Building extension) (building extension) Inc. (building extension) District surveyor (Tokyo prefecture) COI Ishimoto Architectural & Engineering District surveyor A-5 Sato Kogyo Co., Ltd. Higashi-Nihonbashi Firm, Inc. (Tokyo prefecture) Building Joint venture of Taisei Nanpeidai Chiyoda Kimura Architects and Engineering District surveyor A-7 Corporation and Nissan Office (Shibuya-ku) Building Kensetsu Co., Ltd. District surveyor A-8 Art Space Factory Co., Ltd. Satohide Corporation Joware Hanzomon (Chiyoda-ku) First-Class Architect Office of District surveyor A-9 Sato Kogyo Co., Ltd. Dai20 Chuo Building Satokogyo Co., Ltd. (Chuo-ku) District surveyor A-10 Kikutake Kiyonori Architect Kajima Corporation Infini Akasaka (Minato-ku) District surveyor A-12 Kokune Corporation Kokune Corporation Profitlink Hijirizaka (Minato-ku) District surveyor A-13 Nihon Sekkei, Inc. Shimizu Corporation Hirakawacho Building (Chiyoda-ku) Shinbashi Sky Kitano Construction District surveyor A-14 NCA Architect and Design, Inc. Building Corporation (Minato-ku) District surveyor A-15 Tsuji Design Office Tatsumura-gumi, Inc. Daimon Sano Building (Minato-ku) Tamachi Kataoka Nishimatsu Construction Co., District surveyor A-16 Urbanlife Architect & Engineers Inc. Building Ltd. (Minato-ku) Ginza Todoroki District surveyor A-17 Maeda Corporation Maeda Corporation Building (Chuo-ku) COI Shibuya IAO Takeda Architects Associates District surveyor A-18 Tobishima Corporation Kamiyamacho Building Co., Ltd. (Shibuya-ku) Akasaka Wakamiya Akira Watanabe Architects and District surveyor A-19 Takenaka Corporation Building Associates (Minato-ku) COSMO District surveyor A-20 Oka Sekkei K. K. Kajima Corporation Shibazonobashi (Minato-ku) Building COI Ebisu Nishi Sanwa Tatemono, Inc. First-Class District surveyor A-21 Sanwa Tatemono, Inc. Building Architect Office (Shibuya-ku) District surveyor B-1 Kyosuke Mori Architect Office Daisue Construction Co., Ltd. Gotanda Fuji Building (Tokyo prefecture) District surveyor Daiichi Building Office Co., Ltd. (Tokyo prefecture) B-2 Shintoshi Building Office Co., Ltd. Magara Construction Co., Ltd. Burc Omori (Including building (building extension) extension) District surveyor B-3 Rui Design Room Kajima Corporation BENEX S-2 (Yokohama-shi) District surveyor Daiwa Kunitachi (Tokyo Tama Nishi B-4 Takenaka Corporation Takenaka Corporation Building Building Guidance Office)

Asakusa Kaminarimon Nomura Real Estate Development Co., District surveyor B-5 Haseko Corporation SIA Building Ltd. First-Class Architect Office (Taito-ku) Ishikawa Masayoshi First-Class District surveyor B-6 Shimizu Corporation Green-Park Building Architect Office (Toshima-ku) Urban Development Engineering & District surveyor B-7 Daisue Construction Co., Ltd. REGALO Building Consulting Inc. (Machida-shi) District surveyor B-8 Yamanaka Design Lab. Obayashi Corporation OT Building (Bunkyo-ku) District surveyor B-9 Kowa Architect Office Sato Kogyo Co., Ltd. Lespoir 296 (Yokohama City) Technos Nakano Nishimatsu Construction Co., District surveyor B-10 Yokomine Architect Office Building Ltd. (Nakano-ku) Raymond Architectural Design District surveyor B-11 Mitsui Construction Co., Ltd. Eishin Building Office, Inc. (Koto-ku) Yokosuka Bayside District surveyor B-12 Taisei Corporation Taisei Corporation Building (Yokosuka City) Yotsubashi-Chuo District surveyor C-1 Takenaka Corporation Takenaka Corporation Building (Osaka City) District surveyor C-2 Sanwa Architect Office Muramoto Coporation Aspire 7Bankan (Amagasaki City) District surveyor C-3 Konoike Construction Co., Ltd. Konoike Construction Co., Ltd. Ibaraki Kowa Building (Osaka prefecture) Sendai Ichibancho District surveyor D-1 Shimizu Corporation Shimizu Corporation Building (Aoba-ku Sendai-shi) Kearney Place District surveyor D-2 Shimizu Corporation Shimizu Corporation Hiroshima Kamiyacho (Hiroshima City) Nakamura Construction Co., Ltd. Nakamura Construction Co., District surveyor D-3 COI Mei-Eki Building First-Class Architect Office Ltd. (Nagoya City) District surveyor D-4 Suematsu Architect Office Shimizu Corporation Nagoya Plaza Building (Nagoya City) Minami2jyou Plum District surveyor D-5 Sapporo Nissoken Shimizu Corporation Building (Sapporo City) COI Sendai Chuo District surveyor D-6 GKK Architects & Engineers Ohki Corporation Building (Sendai City) Toyamaeki Nishi District surveyor E-1 Takenaka Corporation Takenaka Corporation Building (Toyama City) Daihyaku･ Raymond Tanabe Architectural Design District surveyor Sato Corporation Mirai-Shinkin Building Office, Inc. (Oita City) (office building) E-2 Daihyaku･ Mitsubishi Heavy Industries, District surveyor Mitsubishi Heavy Industries, Ltd. Mirai-Shinkin Building Ltd. (Oita City) (multilevel parking) Joint venture of Fujikensetsu District surveyor E-3 Azusa Sekkei Co., Ltd. Co., Ltd. and Matsuo Kearney Place Saga (Saga prefecture) Corporation Mitsui Construction Co., Ltd, District surveyor E-4 Mitsui Construction Co., Ltd Naha Trust Building Daiyone Construction Co., Ltd. (Naha City) Raymond Architectural Design Office, Kearney Place District surveyor E-5 Inc. Shimizu Corporation (Kanazawa City) Kanazawaeki-Mae Shimizu Corporation (renovation)