August 2, 2022

FOR IMMEDIATE RELEASE

Nippon Prologis REIT Announces Change in Credit Rating from JCR

Nippon Prologis REIT, Inc. ("NPR") announced today that Japan Credit Rating Agency, Ltd. (JCR) has upgraded the long-term issuer rating of NPR and the ratings on NPR's investment corporation bonds, as follows:

Rating Agency

Rating Object

Before

After

JCR

Long-term Issuer Rating

AA

AA+

(Outlook)

(Positive)

(Stable)

JCR

Ratings on Bonds

AA

AA+

For details of the rating above, please refer to the news release dated today, posted on the JCR website. https://www.jcr.co.jp/en/

For more information about Nippon Prologis REIT, please visit: https://www.prologis-reit.co.jp/en/index.html

Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283) Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo

Executive Director: Masahiro Sakashita

Asset Management Company: Prologis REIT Management K.K.

Representative: Representative Director and President/CEO Satoshi Yamaguchi

Inquiries: Director and Deputy President/CFO Atsushi Toda Tel: +81-3-6867-8585

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Nippon Prologis REIT Inc. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 09:29:08 UTC.