(i)the persons listed in the items of Article 16-12 of the Order for Enforcement of the Financial Instruments and Exchange Act (Order No. 321 of 1965);

(ii)Trust Companies, etc. (except for those falling under the category of persons listed in the preceding item, limited to cases where instructions on investment by the Trust Company, etc. are given solely for investments in assets other than Securities or rights pertaining to Derivatives Transactions); and

(iii)commodities investment advisors as defined in Article 2, paragraph (4) of the Act on Regulation of Business Pertaining to Commodity Investment (Act No. 66 of 1991) or a corporation who has obtained the same type of permission as the permission under Article 3 of that Act in a foreign state under the provisions of laws and regulations of that foreign state (including registration similar to said permission and any other administrative disposition) (except for those falling under the category of persons listed in item (i), limited to cases where the instructions for investment are given by the commodities investment advisor solely for investments in the assets listed in item (ix) or item (x) of the following Article).

(i)Securities;

(ii)rights pertaining to Derivatives Transactions;

(iii)real property;

(iv)rights of lease of real property;

(v)superficies rights;

(vi)promissory notes (excluding those falling under the category listed in item (i); the same applies in Article 19, paragraph (5));

(vii)monetary claims (excluding those falling under the categories listed in item (i) and item (ii), the preceding item, and item (x); the same applies in Article 19, paragraph (5));

(viii)equity in investment pertaining to a contract in which one of the parties promises to make a contribution to the investment in the assets listed in the preceding items, item (xi) or item (xii) that has been made by the other party, and said other party invests the contributed property mainly in the relevant assets and distributes the profits that arise from such investment (excluding those which fall under the category listed in item (i); referred to as "Equity in Investment in a Silent Partnership" in Article 19, paragraph (5));

(ix)Commodities (meaning commodities as defined in Article 2, paragraph (1) of the Commodity Futures Act (Act No. 239 of 1950); the same applies hereinafter);

(x)rights pertaining to Transactions Related to Commodities Investment, etc. (meaning the transactions listed in the following sub-item (a) through sub-item (d); the same applies hereinafter):

(xi)Renewable Energy Power Generation Facility defined in Article 2, paragraph (3) of the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities (Act No. 108 of 2011) (excluding those falling under the category listed in item (iii); hereinafter referred to as a "Renewable Energy Power Generation Facility"); and

(xii)Right to Operate Public Facility, etc. (meaning the Right to Operate Public Facility, etc. defined in Article 2, paragraph (7) of the Act on Promotion of Private Finance Initiative (Act No. 117 of 1999); hereinafter the same applies).

(i)persons listed in the items of Article 16-12 of the Order for Enforcement of the Financial Instruments and Exchange Act;

(ii)Trust Companies, etc. (except for those falling under the category of persons listed in the preceding item, limited to the cases where the instructions on investment by the Trust Company, etc. are given solely for investments in assets other than Securities or rights pertaining to Derivatives Transactions); and

(iii)commodities investment advisors as defined in Article 2, paragraph (4) of the Act on the Regulation of Business Pertaining to Commodity Investment, or corporations who have obtained the same type of permission as the permission under Article 3 of that Act in a foreign state, under the provisions of laws and regulations of that foreign state (including registration similar to said permission and any other administrative disposition) (except for those falling under the category of persons listed in item (i), limited to the cases where the instructions on investment are given by the commodities investment advisor solely for investment in the assets listed in item (ix) or (x) of the following Article).

(i)that a restriction prohibiting the transfer of the Beneficiary Certificates other than the case in which they are transferred to Qualified Institutional Investors in accordance with the method specified by Cabinet Office Ordinance is imposed on the Beneficiary Certificates, and other cases specified by Cabinet Office Ordinance as those equivalent thereto;

(ii)that the issuer of the relevant Beneficiary Certificates is not a person who has already issued Beneficiary Certificates which are specified by Cabinet Office Ordinance as Beneficiary Certificates of the same class as said Beneficiary Certificates and which fall under any of the items of Article 24, paragraph (1) of the Financial Instruments and Exchange Act (including the cases where it is applied mutatis mutandis pursuant to Article 27 of that Act); and

(iii)that the other Beneficiary Certificates specified by Cabinet Office Ordinance as Beneficiary Certificates of the same class as the relevant Beneficiary Certificates are not Securities for Professional Investors as prescribed in Article 4, paragraph (3) of the Financial Instruments and Exchange Act.

(i)that, when the other party to the solicitation for acquisition is a person other than the State, the Bank of Japan, or a Qualified Institutional Investor, the Financial Instruments Business Operator, etc. (meaning the Financial Instruments Business Operator, etc. as prescribed in Article 34 of the Financial Instruments and Exchange Act; the same applies in the following paragraph) carries out solicitation for acquisition based on entrustment from its customers or for itself; and

(ii)that the relevant case satisfies the requirement specified by Cabinet Office Ordinance as one in which the Beneficiary Certificates are unlikely to be transferred from the acquirer to persons other than Professional Investors, etc. (meaning Professional Investors as prescribed in Article 2, paragraph (9), item (ii) of the Act or Non-Residents (meaning non-residents as defined in Article 6, paragraph (1), item (vi) of the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949) and limited to Specific Acquirers) (excluding the case prescribed in the preceding paragraph).

(i)a Non-Resident (meaning a non-resident as defined in Article 6, paragraph (1), item (vi) of the Foreign Exchange and Foreign Trade Act; the same applies in the following item) who acquires the relevant Beneficiary Certificates from a Resident (meaning a resident as defined in Article 6, paragraph (1), item (v) of that Act) through the intermediary, brokerage, or agency service of the Securities-Related Business Entity (meaning a Financial Instruments Business Operator or Foreign Securities Broker (meaning a Foreign Securities Broker as defined in Article 58 of the Financial Instruments and Exchange Act); the same applies in the following item);

(ii)a Non-Resident who acquires the relevant Beneficiary Certificates from a Securities-Related Business Entity or from another Non-Resident.

(i)the Investment Trust for which all of the following matters are provided in the Basic Terms and Conditions of the Investment Trust (meaning the basic terms and conditions of an Investment Trust Managed under Instructions from the Settlor as prescribed in Article 4, paragraph (1) of the Act; the same applies hereinafter) (with regard to an Investment Trust for which it is provided in the Basic Terms and Conditions of the Investment Trust that investment is made by having the rate of fluctuations in the amount of net assets per unit for the Investment Trust Property correspond to the rate of fluctuations in the quotations on a Financial Instruments Market (meaning a Financial Instruments Market as defined in Article 2, paragraph (14) of the Financial Instruments and Exchange Act; the same applies hereinafter) or any other indicator, and that the Beneficiary Certificates thereof are listed on a Financial Instruments Exchange (meaning a Financial Instruments Exchange as defined in Article 2, paragraph (16) of that Act; the same applies hereinafter) or are registered in a Registry of Over-the-Counter Traded Securities (meaning a Registry of Over-the-Counter Traded Securities referred to in Article 67-11, paragraph (1) of that Act; the same applies hereinafter), limited to said Investment Trust of which the indicator is a Qualified Indicator (meaning an indicator calculated based on objective and fair criteria, and specified by Cabinet Office Ordinance as that which is continuously publicized; the same applies in the following item), and the Investment Trust specified by Cabinet Office Ordinance as that wherein the rate of fluctuations in the indicator is found to have been properly reflected in the rate of fluctuations in the price of Beneficiary Certificates):

(ii)an Investment Trust for which all of the following matters are provided in the Basic Terms and Conditions of the Investment Trust, and which is specified by Cabinet Office Ordinance as one wherein the rate of fluctuations in the Qualified Indicator prescribed in the following sub-item (a) is found to have been properly reflected in the rate of fluctuations in the price of the Beneficiary Certificates:

(iii)an Investment Trust established for the purpose of having the Investment Trust Property of another Investment Trust acquire the beneficial interest thereof, and for which it is provided in the Basic Terms and Conditions of the Investment Trust that said beneficial interest may be acquired through the Listed Securities, etc. that belong to the Investment Trust Property of another Investment Trust, pursuant to the provisions of Cabinet Office Ordinance;

(iv)the Investment Trust for which all of the following matters are provided in the Basic Terms and Conditions of the Investment Trust and where solicitation of applications to acquire Beneficiary Certificates pertaining thereto is carried out through Private Placement with Qualified Institutional Investors (meaning the Private Placement with Qualified Institutional Investors defined in Article 2, item (xii) of the Act) (excluding those corresponding to the Investment Trust set forth in item (i) and the preceding item):

(i)the right to assert the invalidity of the acts listed in Article 828, paragraph (1), item (ii) of the Companies Act (Act No. 86 of 2005) under the provisions of Article 828, paragraph (1) (limited to the part pertaining to item (ii)) of that Act as applied mutatis mutandis pursuant to Article 84, paragraph (2) of the Act, or any other rights of investors which are equivalent thereto and are specified by Cabinet Office Ordinance;

(ii)the rights of preferred equity investors under the provisions of Article 8, paragraph (2) of the Act on Preferred Equity Investment by Cooperative Structured Financial Institutions (Act No. 44 of 1993), the right to assert the invalidity of the acts listed in Article 828, paragraph (1), item (ii) of the Companies Act under the provisions of that paragraph (limited to the part pertaining to item (ii)) as applied mutatis mutandis pursuant to Article 14, paragraph (3) of the Act on Preferred Equity Investment by Cooperative Structured Financial Institutions, or any other rights of preferred equity investors which are equivalent thereto and are specified by Cabinet Office Ordinance; and

(iii)the right to assert the invalidity of the acts listed in Article 828, paragraph (1), item (ii) of the Companies Act under the provisions of that paragraph (limited to the part pertaining to item (ii)) as applied mutatis mutandis pursuant to Article 42, paragraph (6) of the Asset Securitization Act, or any other rights of preferred equity members which are equivalent thereto and are specified by Cabinet Office Ordinance.

(i)rights of lease and superficies right of lands or buildings; and

(ii)beneficial interest of a trust in which only the lands or buildings or the rights listed in the preceding item are entrusted (limited to those for which the number of beneficial interests is one).

(i)the parent corporation, etc. (meaning a Parent Corporation, etc. as defined in Article 31-4, paragraph (3) of the Financial Instruments and Exchange Act; the same applies hereinafter) of the relevant Settlor Company of an Investment Trust;

(ii)the subsidiary corporation, etc. (meaning a Subsidiary Corporation, etc. as defined in Article 31-4, paragraph (4) of the Financial Instruments and Exchange Act; the same applies hereinafter) of the relevant Settlor Company of an Investment Trust;

(iii)Specified Individual Shareholders (meaning specified individual shareholders as referred to in Article 15-16, paragraph (1), item (iv) of the Order for Enforcement of the Financial Instruments and Exchange Act; the same applies hereinafter) of the relevant Settlor Company of an Investment Trust; or

(iv)persons specified by Cabinet Office Ordinance as those equivalent to the persons set forth in the preceding three items.

(i)attorneys or legal professional corporations that are other than any of the following persons:

(ii)certified public accountants (including foreign certified public accountants as prescribed in Article 16-2, paragraph (5) of the Certified Public Accountant Act (Act No. 103 of 1948); the same applies hereinafter) or auditing firms that are other than any of the following persons:

(iii)in addition to what is listed in the preceding two items, persons specified by Cabinet Office Ordinance as those having the expert knowledge for the assessment of Specified Assets.

(i)the acquisition, transfer, and lease as well as entrustment and acceptance of management of real property;

(ii)the acquisition or transfer of rights of lease of a real property;

(iii)the acquisition or transfer of superficies rights;

(iv)the acquisition, transfer, and lease as well as entrustment and acceptance of management of a Renewable Energy Power Generation Facility; and

(v)the acquisition and transfer of Right to Operate Public Facility, etc.

(i)the Settlor Company of an Investment Trust itself or its director(s) or executive officer(s);

(ii)another Investment Trust Property for which the Settlor Company of an Investment Trust gives instructions on investment;

(iii)an Investment Corporation which invests assets;

(iv)an Interested Person, etc. (meaning an Interested Person, etc. as prescribed in Article 11, paragraph (1) of the Act); and

(v)a customer of business other than that pertaining to an Investment Trust Managed under Instructions from the Settlor and that pertaining to asset investments of a Registered Investment Corporation, who is specified by Cabinet Office Ordinance.

(i)the acquisition and transfer as well as the lending and borrowing of Securities (limited to those specified by Cabinet Office Ordinance);

(ii)over-the-counter derivatives transactions as defined in Article 2, paragraph (22) of the Financial Instruments and Exchange Act;

(iii)the acquisition and transfer of promissory notes;

(iv)the acquisition and transfer of monetary claims (excluding those pertaining to call loans, those indicated by negotiable certificates of deposit, and those pertaining to deposits or savings made to a bank or other financial institutions specified by Cabinet Office Ordinance);

(v)the acquisition or transfer of Equity in Investment in a Silent Partnership;

(vi)the acquisition and transfer as well as the lending and borrowing of Commodities (limited to those specified by Cabinet Office Ordinance); and

(vii)Transactions Related to Commodities Investment, etc. (limited to transactions specified by Cabinet Office Ordinance).

(i)Public Offerings;

(ii)Private Placements (meaning Private Placements of Securities as defined in Article 2, paragraph (3) of the Financial Instruments and Exchange Act; the same applies in the following item and Article 119);

(iii)purchases without the purpose of resale of Securities pertaining to the Public Offerings or Private Placements conducted by the relevant person;

(iv)acts listed in Article 2, paragraph (8), items (i) to (iii) inclusive and item (viii) of the Financial Instruments and Exchange Act;

(v)Dealings in Secondary Distributions (meaning Dealings in Secondary Distributions as provided in Article 2, paragraph (8), item (ix) of the Financial Instruments and Exchange Act);

(vi)Dealings in Solicitation for Selling, etc. Only for Professional Investors (meaning dealings in Solicitation for Selling, etc. Only for Professional Investors as provided in Article 2, paragraph (8), item (ix) of the Financial Instruments and Exchange Act); and

(vii)any other acts similar to those set forth in the preceding items.

(i)the parent corporation, etc. of the relevant Trust Company, etc.;

(ii)the subsidiary corporation, etc. of the relevant Trust Company, etc.;

(iii)Specified Individual Shareholders of the relevant Trust Company, etc.; and

(iv)persons specified by Cabinet Office Ordinance as those equivalent to the persons listed in the preceding three items.

(i)attorneys or legal professional corporations that are other than any of the following persons:

(ii)certified public accountants or auditing firms that are other than the following persons:

(iii)in addition to what is listed in the preceding two items, persons specified by Cabinet Office Ordinance as those having the expert knowledge for the assessment of Specified Assets.

(i)the Trust Company, etc. itself or its director, executive officer, or board member;

(ii)another trust property for which the Trust Company, etc. conducts investment;

(iii)Interested Persons, etc. (meaning Interested Persons, etc. as defined in Article 11, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 54, paragraph (1) of the Act following the deemed replacement of terms); and

(iv)a customer of business other than that pertaining to an Investment Trust Managed without Instructions from the Settlor, who is specified by Cabinet Office Ordinance.

(i)Dealings in Public Offerings, etc. (meaning Dealings in Public Offerings, etc. as prescribed in Article 26, paragraph (1) of the Act; the same applies in Article 128, item (i)) of Beneficiary Certificates of a Foreign Investment Trust which are listed on a Financial Instruments Exchange (including those for which a Financial Instruments Exchange has approved the listing for the purchase and sale);

(ii)the following acts (excluding those set forth in the preceding item) related to Beneficiary Certificates of a Foreign Investment Trust (limited to those specified by Cabinet Office Ordinance; hereinafter the same applies in this item) conducted by a person engaged in Type I Financial Instruments Business (meaning Type I Financial Instruments Business as defined in Article 28, paragraph (1) of the Financial Instruments and Exchange Act; the same applies hereinafter):

(iii)in addition to what is listed in the preceding two items, acts specified by Cabinet Office Ordinance, in consideration the nature of the act or any other circumstances.

(i)Trust Companies, etc.;

(ii)officers and employees of a person as listed in Article 66, paragraph (3), item (i) of the Act or the preceding item, or persons who were in such positions, who have engaged in the processes under the preceding paragraph for five years or more (for a person who is not actually engaged in the processes as of the day on which that person becomes an Organizer (meaning an Organizer as prescribed in Article 66 of the Act; the same applies hereinafter), limited to a person for whom three years have yet to elapse from the day on which the person has ceased to be engaged in the processes; the same applies in the following item);

(iii)Qualified Institutional Investors, the officers or employees of a company (including foreign companies) which has submitted an annual securities report (meaning an Annual Securities Report as defined in Article 24, paragraph (1) of the Financial Instruments and Exchange Act) to the Commissioner of the Financial Services Agency and for which the amount of stated capital is 10 billion yen or more, or persons who were in such position, who have engaged in the processes under the preceding paragraph for a period of five years or more; and

(iv)in addition to what is listed in the preceding three items, persons specified by Cabinet Office Ordinance as those having the knowledge and experience for the processes under the preceding paragraph.

(i)Article 71, paragraph (5) of the Act;

(ii)Article 74, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Act;

(iii)Article 76, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Act;

(iv)Article 83, paragraph (4) of the Act;

(v)Article 92-2, paragraph (1) of the Act;

(vi)Article 310, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to Article 94, paragraph (1) of the Act;

(vii)Article 139-4, paragraph (3) of the Act;

(viii)Article 721, paragraph (4) of the Companies Act as applied mutatis mutandis pursuant to Article 139-10, paragraph (2) of the Act;

(ix)Article 725, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to Article 139-10, paragraph (2) of the Act;

(x)Article 727, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 139-10, paragraph (2) of the Act;

(xi)Article 739, paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to Article 139-10, paragraph (2) of the Act;

(xii)Article 555, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to Article 164, paragraph (4) of the Act; and

(xiii)Article 557, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 164, paragraph (4) of the Act.

(i)Article 91, paragraph (2) of the Act (including the cases where it is applied mutatis mutandis pursuant to Article 73, paragraph (4) of the Act);

(ii)Article 720, paragraph (2) of the Companies Act as applied mutatis mutandis pursuant to Article 139-10, paragraph (2) of the Act; or

(iii)Article 549, paragraph (2) of the Companies Act (including the cases where it is applied mutatis mutandis pursuant to paragraph (4) of that Article) as applied mutatis mutandis pursuant to Article 164, paragraph (4) of the Act.

(i)the assets listed in Article 3, item (iii) through item (v);

(ii)a beneficial interest of a trust in which only the assets listed in the preceding item are entrusted;

(iii)equity investment pertaining to a contract in which one of the parties promises to make contributions for investment of the assets listed in the preceding two items carried out by the other party, and the other party promises to invest the contributed property solely into said assets and distribute the profits that arise from such investment;

(iv)preferred equity securities as defined in Article 2, paragraph (9) of the Asset Securitization Act issued by a specified purpose company as defined in paragraph (3) of that Article (limited to those whose specified assets defined in paragraph (1) of that Article are the assets listed in item (i) or item (ii)); and

(v)number of shares of a corporation prescribed in Article 194, paragraph (2) of the Act that exceeds the number set forth in paragraph (1), item (ii) of that Article.

(i)transactions pertaining to the development of building lots or construction of buildings to be conducted by the relevant Registered Investment Corporation itself;

(ii)transactions pertaining to the production, manufacture, or processing of Commodities or any other acts specified by Cabinet Office Ordinance as being similar thereto which are to be conducted by the relevant Registered Investment Corporation itself; and

(iii)transactions pertaining to the manufacture or installation of a Renewable Energy Power Generation Facility or any other acts specified by Cabinet Office Ordinance as being similar thereto which are to be conducted by the relevant Registered Investment Corporation itself.

(i)having an Asset Management Company act as an agent or intermediary for the purchase and sale or lending and borrowing of building lots or buildings;

(ii)entrusting the management of real property to an Asset Management Company engaged in the business of managing real property;

(iii)transferring real property to an Asset Management Company engaged in a real property specified joint enterprise as defined in Article 2, paragraph (4) of the Real Property Specified Joint Enterprise Act (Act No. 77 of 1994) when the relevant case falls under all of the following:

(iv)entrusting the purchase and sale of Securities or Derivatives Transactions to an Asset Management Company engaged in Type I Financial Instruments Business or Type II Financial Instruments Business defined in Article 28, paragraph (2) of the Financial Instruments and Exchange Act;

(v)entrusting the purchase and sale of Commodities to an Asset Management Company;

(vi)having an Asset Management Company act as an agent or intermediary for the purchase and sale or lease of a Renewable Energy Power Generation Facility;

(vii)entrusting the management of a Renewable Energy Power Generation Facility to an Asset Management Company engaged in the business of managing a Renewable Energy Power Generation Facility;

(viii)having an Asset Management Company act as an agent or intermediary for the purchase and sale of the Right to Operate Public Facility Renewable Energy Power Generation Facility, etc.;

(ix)having an Asset Management Company acquire the relevant Registered Investment Corporation's own Investment Equity;

(x)leasing real property to an Asset Management Company in the cases specified by Cabinet Office Ordinance as being unlikely to result in insufficient protection of Investors;

(xi)transactions to be conducted after obtaining the consent of all Investors for each transaction; and

(xii)other transactions to be conducted for which approval has been obtained from the Commissioner of the Financial Services Agency as a transaction unlikely to result in the insufficient protection of Investors.

(i)relatives (limited to spouses and relatives by blood or affinity within the second degree of kinship) of a corporate officer or supervisory officer as prescribed in Article 195, item (i) of the Act; and

(ii)directors, accounting advisors (when the accounting advisor is a corporation, including members to perform the duties thereof), auditors, executive officers, persons who are in positions similar thereto, and employees of an Asset Management Company as prescribed in Article 195, item (ii) of the Act.

(i)the matters concerning fees, remuneration, or any other consideration to be paid by customers with regard to the contract in a Public Offering, etc. (meaning a Public Offering, etc. as prescribed in Article 196, paragraph (1) of the Act; hereinafter the same applies in this Article and Article 133) of Investment Securities, which are specified by Cabinet Office Ordinance;

(ii)when there is a risk that a loss will be incurred with regard to the customer's transactions pertaining to a Public Offering, etc. of Investment Securities due to fluctuations in the money rate, value of currencies, quotations on the Financial Instruments Market, and other indicators, the following matters:

(iii)matters specified by Cabinet Office Ordinance as those equivalent to the matters listed in the preceding two items.

(i)when there is a risk that a loss will be incurred with regard to the customer's transactions pertaining to a Public Offering, etc. of Investment Securities due to fluctuations in the money rate, value of currencies, quotations on the Financial Instruments Market, and other indicators, the fact of such risk; and

(ii)matters specified by Cabinet Office Ordinance as being equivalent to the matters listed in the preceding item.

(i)the Specified Assets listed in the items of Article 16-2; and

(ii)the shares of a corporation prescribed in Article 194, paragraph (2) of the Act that exceed the number set forth in paragraph (1), item (ii) of that Article.

(i)the parent corporation, etc. of the relevant Asset Management Company;

(ii)the subsidiary corporation, etc. of the relevant Asset Management Company;

(iii)Specified Individual Shareholders of the relevant Asset Management Company; and

(iv)persons specified by Cabinet Office Ordinance as those equivalent to the persons listed in the preceding three items.

(i)attorneys or legal professional corporations that are other than any of the following persons:

(ii)certified public accountants or auditing firms that are other than any of the following persons:

(iii)in addition to what is listed in the preceding two items, persons specified by Cabinet Office Ordinance as those having the expert knowledge for the assessment of Specified Assets.

(i)acquisitions and transfers as well as the lending and borrowing of Securities; and

(ii)Derivatives Transactions.

(i)acquisitions and transfers of real property;

(ii)leases of real property; and

(iii)entrustment or acceptance of the management of real property.

(i)whether or not the relevant Asset Management Company has carried out an acquisition or transfer of right of lease of real property on its own account, whether it is an acquisition or transfer, and any other matters specified by Cabinet Office Ordinance (limited to cases where the right of lease of real property is included in the Specified Assets which are the subject of investment by the Investment Corporation);

(ii)whether or not the relevant Asset Management Company has carried out an acquisition or transfer of a superficies right on its own account, whether it is an acquisition or transfer, and any other matters specified by Cabinet Office Ordinance (limited to cases where the superficies right is to be included in the Specified Assets which are the subject of investment by the Investment Corporation);

(iii)whether or not the relevant Asset Management Company has, on its own account, carried out an acquisition, transfer, or borrowing and lending of a Commodity of the same type as one in which said Asset Management Company has made investment of the assets of the Investment Corporation, whether it is an acquisition, transfer, or borrowing and lending, and any other matters specified by Cabinet Office Ordinance;

(iv)whether or not it is a fact that the relevant Asset Management Company has, on its own account, carried out Transactions Related to Commodities Investment, etc. pertaining to a Commodity of the same type as one in which said Asset Management Company has made investment of the assets of the Investment Corporation, and other matters specified by Cabinet Office Ordinance;

(v)whether or not the relevant Asset Management Company has, on its own account, acquired or transferred a Renewable Energy Power Generation Facility, whether it is an acquisition or transfer, and any other matters specified by Cabinet Office Ordinance (limited to cases where the Renewable Energy Power Generation Facility is included in the Specified Assets which are the subject of investment by the Investment Corporation);

(vi)whether or not the relevant Asset Management Company has, on its own account, leased a Renewable Energy Power Generation Facility, distinction of lease, and any other matters specified by Cabinet Office Ordinance (limited to cases where the Renewable Energy Power Generation Facility is included in the Specified Assets which are the subject of investment by the Investment Corporation);

(vii)whether or not the relevant Asset Management Company has, on its own account, entrusted or accepted management of a Renewable Energy Power Generation Facility, the method of entrustment or acceptance of the management thereof, and any other matters specified by Cabinet Office Ordinance (limited to cases where the Renewable Energy Power Generation Facility is included in the Specified Assets which are the subject of investment by the Investment Corporation); and

(viii)whether or not the relevant Asset Management Company has, on its own account, acquired or transferred the Right to Operate Public Facility, etc., whether it is an acquisition or transfer, and any other matters specified by Cabinet Office Ordinance (limited to cases where the Renewable Energy Power Generation Facility is included in the Specified Assets which are the subject of investment by the Investment Corporation).

(i)the Asset Management Company itself or its director or executive officer;

(ii)another Investment Corporation for which the Asset Management Company invests assets;

(iii)an Investment Trust Property for which the Asset Management Company gives instructions on investment;

(iv)Interested Persons, etc. (meaning the Interested Persons, etc. as prescribed in Article 201, paragraph (1) of the Act); and

(v)a customer of business other than that pertaining to the assets investment of a Registered Investment Corporation or that pertaining to an Investment Trust Managed under Instructions from the Settlor, who is specified by Cabinet Office Ordinance.

(i)Dealings in Public Offering, etc. of Foreign Investment Securities listed on a Financial Instruments Exchange (meaning Foreign Investment Securities as defined in Article 220, paragraph (1) of the Act, and including those for which the Financial Instruments Exchange has approved the listing for the purchase and sale thereof);

(ii)the following acts pertaining to the Foreign Investment Securities (meaning Foreign Investment Securities as defined in Article 220, paragraph (1) of the Act, and limited to those specified by Cabinet Office Ordinance) which are conducted by person engaged in Type I Financial Instruments Business:

(iii)in addition to what is listed in the preceding two items, acts specified by Cabinet Office Ordinance, in consideration the nature of the acts and other circumstances.

(i)when investment in Real Property (meaning Real Property as prescribed in Article 3, item (i) of the Act; the same applies in Article 131 and Article 132) is made as business for Specified Investment Management Activities (meaning Specified Investment Management Activities as prescribed in Article 223-3, paragraph (1) of the Act; the same applies in the following item):the Minister of Land, Infrastructure, Transport and Tourism; and

(ii)when investment in commodities or rights pertaining to Transactions Related to Commodities Investment, etc. is made as business for Specified Investment Management Activities:the Minister of Agriculture, Forestry and Fisheries, and the Minister of Economy, Trade and Industry.

(i)the Cabinet Office Ordinance provided for in the main clause of Article 5, paragraph (1) of the Act;

(ii)the Cabinet Office Ordinance provided for in the paragraphs of Article 11 of the Act;

(iii)the Cabinet Office Ordinance provided for in Article 13, paragraph (1) of the Act;

(iv)the Cabinet Office Ordinance provided for in the paragraphs of Article 11 of the Act as applied mutatis mutandis pursuant to Article 54, paragraph (1) of the Act;

(v)the Cabinet Office Ordinance provided for in Article 13, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 54, paragraph (1) of the Act;

(vi)the Cabinet Office Ordinance provided for in Article 83, paragraph (1), item (vii) of the Act;

(vii)the Cabinet Office Ordinance provided for in Article 128-2, paragraph (1) of the Act;