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Cash Distributions

6th Fiscal Period (ending July 31, 2009) actual
  Cash distribution per unit: JPY 12,726
Mori Hills REIT's sixth fiscal period was from February 1, 2008 to July 31, 2009.

Eligibility for receipt of cash distributions is limited to registered unitholders of record as of July 31, 2009.
The final trading day on the Tokyo Stock Exchange for registration was July 27, 2009.

Payment of cash distributions was scheduled to begin on Tuesday, October 20, 2009.
7th Fiscal Period (ending January 31, 2010) forecast
Cash distribution per unit: JPY 10,800
The seventh fiscal period is from August 1, 2009 to January 31, 2010. The above cash distribution forecast is a calculation based on assumptions as of January 18, 2010. Actual cash distributions may vary due to acquisitions or sale of properties, fluctuations in the real estate market, and other changes in the environment for MHR. Accordingly, Mori Hills REIT does not guarantee this forecast distribution amount.

Eligibility for receipt of cash distributions is limited to registered unitholders of record as of January 31, 2009. The final trading day on the Tokyo Stock Exchange for registration is January 26, 2010.

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