The total number of investment units authorized and the total number of investment units issued and outstanding of XYMAX REIT are as follows:

Unitholders’ capital	22,585,746 thousand yen
Total number of investment units authorized	5,000,000 units
Total number of investment units issued and outstanding	223,400 units

Changes in unitholders’ capital and the total number of investment units issued and outstanding since the incorporation of XYMAX REIT are as follows:

Date	Description	Unitholders’ capital(thousand yen)		Total number of investment units issued and outstanding(units)
		Increase (Decrease)	Balance	Increase (Decrease)	Balance
Sept. 14, 2017	Incorporation through private placement (Note 1)	300,000	300,000	3,000	3,000
Feb. 15, 2018	Capital increase through public offering (Note 2)	21,224,544	21,524,544	209,905	212,905
Mar. 20, 2018	Capital increase through third-party allotment (Note 3)	1,061,201	22,585,746	10,495	223,400

(Note1)	Investment units were issued at a paid-in amount of 100,000 yen per unit upon the incorporation of XYMAX REIT.
(Note2)	New investment units were issued through public offering at an issue price of 105,000 yen (paid-in amount of 101,115 yen) per unit.
(Note3)	New investment units were issued through third-party allotment at a paid-in amount of 101,115 yen per unit.

Name	Number of Units held (units)	Ratio of number of units held to total number of units issued and outstanding (%)
Custody Bank of Japan, Ltd. (Trust account)	33,612	15.04
The Master Trust Bank of Japan, Ltd.(Trust account)	30,896	13.82
XYMAX Corporation	12,500	5.59
Custody Bank of Japan, Ltd. (Securities investment trust account)	11,192	5.00
BNP-PARIBAS SECURITIES SERVICES FRANKFURT BRANCH/JASDEC/GERMAN RESIDENTS-AIFM	8,300	3.71
The Nomura Trust and Banking Co., Ltd.(Investment Trust Account)	8,129	3.63
SCBHK AC LIECHTENSTEINISCHE LANDESBANK AG	5,875	2.62
Individuals	5,566	2.49
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD	4,793	2.14
Aozora Bank, Ltd.	3,086	1.38