Announcement of Marimo Residential Fund Formation and Asset Management Mandate

Marimo Asset Management Co., Ltd. (the "Company") is pleased to announce the formation and commencement of operations for a private fund (the "Private Fund") targeting rental apartments developed or acquired by its sponsor, Marimo Co., Ltd. ("Marimo").

In response to growing investment demand for rental housing, the Company previously formed its first private residential fund in January 2025 (comprising 9 properties with total assets of approximately 10 billion JPY). For this second fund, the geographic focus has been expanded beyond the first fund to include rental apartments in the three major metropolitan areas, aiming for further revenue stabilization.

Furthermore, in addition to the RC-structured "ArtizA" brand targeted previously, the Company has included the wall-type RC-structured "LUORE" brand in the target assets. This product configuration allows for a response to a broader range of rental housing needs.

The Private Fund targets real estate in areas with high rental demand, and stable cash flows are anticipated. The fund was formed with equity investments from multiple institutional investors and debt financing from mega-banks and regional banks.

Leveraging the expertise and experience cultivated through the management of listed REITs and the first private fund, the Company, as an asset manager, will continue to strive for the stabilization of earnings and the enhancement of value for entrusted assets.

### Fund Overview 1. **Name**: MRF2 2. **Inclusion Assets**: New and relatively new rental housing centered on the Tokyo and Kansai metropolitan areas 3. **Total Asset Value**: Approximately 13.5 billion JPY 4. **Operations Commencement Date**: March 25, 2026 5. **Investment Period**: Targeting approximately 5 years 6. **Asset Manager**: Marimo Asset Management Co., Ltd. 7. **Investing Companies**: Fuyo General Lease Co., Ltd., Higin Lease Co., Ltd., Nakamichi Lease Co., Ltd., R Kyushu FG Lease Co., Ltd., Kyoyu Lease Co., Ltd., Shizuoka Railway Co., Ltd., and others 8. **Financing Institutions**: Sumitomo Mitsui Banking Corporation, The Eighteen Shinwa Bank, Ltd., Fuyo General Lease Co., Ltd.

### Property List (Examples) - ArtizA Ryokuchi-koen - ArtizA Sakai-higashi - ArtizA Kyobashi WEST - ArtizA Amagasaki Tachibana - ArtizA Akabane - ArtizA Gotanda - ArtizA Kawarayamachi I (Scheduled for June 2026 inclusion) - ArtizA Sakai - ArtizA Kanayama - LUORE Kamikitazawa Ekimae - LUORE Bunkyo Honkomagome - LUORE Ikegami - LUORE Ikegami II - LUORE Chidoricho (Scheduled for June 2026 inclusion)