Mitsubishi Estate Logistics Reit Investment Corp.TSE: 3481

Notice Concerning Change in Outlook of Credit Rating

· Issued by Mitsubishi Estate Logistics REIT Investment Corp.

November 17, 2021

For Immediate Release

Real Estate Investment Trust Securities Issuer

1-6-5 Marunouchi, Chiyoda-ku, Tokyo

Mitsubishi Estate Logistics REIT Investment Corporation

Representative:

Ken Takanashi, Executive Director

(Securities Code: 3481)

Asset Management Company

Mitsubishi Jisho Investment Advisors, Inc.

Representative:

Haruhiko Araki, President & CEO

Contact:

Ken Takanashi,Director , General Manager,

Logistics REIT Management Department

TEL: +81-3-3218-0030

Notice Concerning Change in Outlook of Credit Rating

Mitsubishi Estate Logistics REIT Investment Corporation ("MEL") announces that Japan Credit Rating Agency, Ltd. ("JCR") has changed the outlook of MEL's long-term issuer rating today as follows.

1. Content of the Change

Credit Rating Agency

Type of Credit Rating

Previous

Current

JCR

Long-Term Issuer Rating

AA-

AA-

Outlook

Stable

Positive

2. Reasons for the Change of Rating

Please refer to JCR's website and News Release for the details concerning the reasons for the change.

JCR's website: https://www.jcr.co.jp/en/ JCR's News Release: https://www.jcr.co.jp/download/eb64364f18e0f3cfbbcc9b6693ca636963a3c278c66c4c7f0c/21d0811_s.pdf

For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit: https://mel-reit.co.jp/en/

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