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1/19 Investors Presentation December 2013 financial results

◆All content presented in this document is provided solely for informational purposes with regard to Frontier Real Estate Investment Corporation (FRI) and is not intended to serve as an inducement or solicitation to trade in any product offered by FRI. ◆Investment units issued by FRI are subject to price fluctuations due to various factors including: (1) volatile conditions in the J-REIT market, interest rates and the real estate market; (2) fluctuations in rental revenues from properties; and (3) the occurrence of unexpected losses due to natural disasters. Accordingly, investment in FRI entails the risk of incurring a loss. Investment decisions are made at the investors’ discretion, and are their responsibility, as well as at their own risk. FRI disclaims any responsibility or liability for the consequences of investing in FRI. ◆Information provided in this document contains forward-looking statements such as business forecasts, which should not be construed as commitment to or guarantee of future performance. ◆The information provided in this document was originally published in Japanese language form and has been translated for reference purposes only. FRI guarantees neither the completeness nor the accuracy of this English translation. ◆Please be advised that forward-looking statements provided herein may be subject to change without prior notice. ◆Duplication or reproduction of any item presented as information herein without the prior consent of FRI or its authorized representative is strictly prohibited.