DBJ Green Bond (Date of Issue:2014.10.7)

The net proceeds of the issuance of the Notes will be used to finance the Eligible Assets (as defined below) :

“Eligible Assets” means i) new loans and/or ii) existing loans under management by DBJ which finance a building/development receiving a DBJ Green Building Certification of at least “3 stars out maximum of 5 stars. DBJ Green Building Certification is an environmental and social rating system created and applied by DBJ to measure the environmental and social awareness characteristics of real estate properties. DBJ Green Building Certification assesses the characteristics of a green building from perspectives such as ecology, risk management & amenity and community & partnership (please see the DBJ Green Building Certification for more information).

Eligible Assets will also meet the additional sustainability criteria developed with DNV GL and validated by DNV GL (or any other third party appointed by the issuer as a successor to DNV GL in the future) to be published on the Issuer’s website (www.dbj.jp/en/).

DBJ will establish systems to monitor and account for the net proceeds in order to ensure the allocation of such net proceeds to Eligible Assets. Pending the allocation of the net proceeds of the notes to Eligible Assets, the net proceeds will be held, at DBJ’s discretion, in cash or other liquid marketable instruments.

DBJ will indicate each year in its website (www.dbj.jp/en/) the list of Eligible Assets financed by the net proceeds of the issuance of the Notes, in cash or other liquid marketable instruments.

Eligible Assets for the 1st DBJ Green Bond are loans extended in March 2014 to finance projects listed below. The total amount of the Eligible Assets is ¥45 billion（Approx. €401 million(¥113.36=€1.00)） as of October 31, 2016.

Eligible Assets

KABUKIZA TOWER／SHOCHIKU Co., Ltd.

Prize (DBJ Green Building Certification 2013)：5 Stars
Currency：JPY

Features of the Assessment

• Environment-friendly equipment (e.g. Solar power generation panels, reuse rain water system)
• Seismic control for tenants’ business continuity and emergency power generator for tenants' business continuity
• Preservation of a former existing building “Kabukiza” for its cultural and historical consideration

Ochanomizu Sola City／Sun Arrows Investment Co., Ltd.

Ochanomizu Sola City／Sun Arrows Investment Co., Ltd.
Currency：JPY

Features of the Assessment

• Environment-friendly equipment (e.g. Well water reusing air-conditioning system)
• Seismic base control and emergency power generator for tenants’ business continuity
• “Ocha-navigate” – a communication center for cultural and historical consideration at Ochanomizu area

THE OTEMACHI TOWER／Tokyo Tatemono Co., Ltd.

Prize (DBJ Green Building Certification 2013)：5 Stars
Currency：JPY

Features of the Assessment

• Environment-friendly equipment (e.g. LED lighting, energy efficiency glass and high efficiency toilets)
• “Otemori” – 3,600m² huge forest at the center of Tokyo business district
• Convenient facilities for business persons around the area (e.g. “Aman Resorts”)