Notice Concerning Scheduled Change of Auditor of Asset Management Company

March 16, 2026

6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Toshihide Ichikawa, Executive Director

(Securities Code: 8964)

Asset Management Company: Mitsui Fudosan Frontier REIT Management Inc.

Shigekazu Yokochi Chief Executive Officer and Representative Director

Inquiries: Mitsui Fudosan Frontier REIT Management Inc.

Morio Shibata Chief Finance Officer and Director

Tel: +81-3-3289-0440

Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that Mitsui Fudosan Frontier REIT Management Inc. (the "Asset Management Company") decided at the Board of Directors meeting held today to propose the following replacement of an auditor as an agenda item for resolution at the General Meeting of Shareholders to be held pursuant to Article 319 Paragraph 1 of the Companies Act. Brief details are as follows.

1. An auditor scheduled to be appointed (on April 1, 2026) Auditor Hideyuki Hagiwara

   Brief biographies are attached.

2. An auditor scheduled to resign (on March 31, 2026) Auditor Hiromu Yamanaka

In connection with this matter, in accordance with the provisions of the Financial Instruments and Exchange Act, the Building Lots and Building Transactions Business Act and other related laws and regulations, we will carry out procedures such as necessary notifications, as required.

Frontier Real Estate Investment website: https://www.frontier-reit.co.jp/eng/

This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.

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