Notice Regarding Acquisition of Shares of Ackermann Hausverwaltung GmbH, a Residential Management Company in Munich

Nippon Kanzai Holdings Co., Ltd. (hereinafter “Nippon Kanzai Holdings”) is pleased to announce that its subsidiary Nippon Kanzai Deutschland GmbH (hereinafter “Nippon Kanzai Deutschland”), acquired 75% shares of Ackermann Hausverwaltung GmbH (hereinafter “Ackermann”), a residential management company in Munich, Bayern, Germany. Ackermann will be an equity-method affiliate of Nippon Kanzai Holdings.

Please refer to the attached PDF for details.