Tokyo, June 28, 2016 - Mori Building Co., Ltd., a leading Tokyo-based urban real estate developer, today announced that it has decided to acquire and cancel class-three preferred shares, and issue new shares through a third-party allocation.

Acquisition and Cancellation of Class-three Preferred Shares
Type of stock: Class-three preferred shares
Date of acquisition decision: June 28, 2016
Date of cancellation decision: May 24, 2016
Total stocks to acquire and cancel: 500
Total value of acquisition/cancellation: 50,317,841,000 JPY
Date of acquisition: July 1, 2016 (planned)
Date of cancellation: July 1, 2016 (planned)

Issuance of New Shares
Date of issuance decision: May 24, 2016
Total stocks to issue: 11,957
Total value of issuance: 25,002,087,000 JPY
Deadline for payment: July 1, 2016 (planned)

Mori Building will apply funds obtained from the issuance of new shares toward acquisition of a portion of the class-three preferred shares.

About Mori Building
Tokyo-based Mori Building Co., Ltd. creates groundbreaking concepts for urban living throughout Japan and the rest of Asia. As one of Japan's leading urban landscape developers, Mori Building engages in urban redevelopment, real estate leasing and management, and consultation for leisure complexes, offices and high-class residences. Two of its most noted developments are the Roppongi Hills complex in Tokyo and the Shanghai World Financial Center. Mori Building was established in 1959.