Equity

Status of Capitalization

(as of December 12, 2011)

Unitholders' Capital	85,644,448,284 yen
Total Number of Investment Units Authorized	2,000,000 units
Total Number of Investment Units Issued and Outstanding	196,699 units

Changes in Capitalization

Date	Description	Total Number of Investment Units Issued and Outstanding (units)		Unitholders' Capital (millions of yen)
		Increase / Decrease (-)	Balance	Increase / Decrease (-)	Balance
May 2, 2002	Incorporation through private placement	400	400	200	200
Sep. 10, 2002	Capital increase through public offering	59,000	59,400	27,187	27,387
Nov. 15, 2003	Additional issuance of investment units	18,000	77,400	8,699	36,087
Dec. 10, 2003	Capital increase through third-party allotment	2,000	79,400	966	37,053
May 31, 2005	Additional issuance of investment units	22,000	101,400	14,381	51,434
Nov. 26, 2007	Additional issuance of investment units	30,000	131,400	17,510	68,945
May 14, 2010	Capital increase through third-party allotment	8,700	140,100	3,012	71,957
Nov. 14, 2011	Additional issuance of investment units	53,000	193,100	12,816	84,774
Dec. 12, 2011	Capital increase through third-party allotment	3,599	196,699	870	85,644

Breakdown of Unitholders

(as of October 31, 2011)

Individuals	Financial Institutions (including securities firms)	Other Domestic Corporations	Foreign Corporations and Individuals	Total
9,759 unitholders	83 unitholders	175 unitholders	123 unitholders	10,140 unitholders
96.20 %	0.80 %	1.70 %	1.20 %	100.00 %
27,520 units	72,446 units	17,143 units	22,991 units	140,100 units
19.60 %	51.70 %	12.20 %	16.40 %	100.00 %

* Percentage figures are rounded down to the second decimal place.

Top 10 Unitholders

(as of October 31, 2011)

	Name of Unitholder	Number of Investment Units Held (units)	Percentage of Total Number of Investment Units Issued and Outstanding*
1	Japan Trustee Services Bank, Ltd. (Trust Account)	29,893	21.33
2	The Nomura Trust and Banking Co., Ltd. (Investment Trust Account)	10,247	7.31
3	NTT Urban Development Corporation	8,700	6.20
4	Trust & Custody Service Bank, Ltd. (Securities Investment Trust Account)	7,857	5.60
5	THE FUJI FIRE AND MARINE INSURANCE COMPANY, LIMITED	4,975	3.55
6	The Master Trust Bank of Japan, Ltd. (Trust Account)	3,150	2.24
7	ASAHI FIRE & MARINE INSURANCE	2,786	1.98
8	NOMURA BANK (LUXEMBOURG) S.A.	2,454	1.75
9	The Chuo Mitsui Guarantee Co., Ltd.	2,050	1.46
10	THE BANK OF NEW YORK EUROPE LIMITED 131705	1,700	1.21
	Total	73,812	52.68

* Percentage figures are rounded down to the second decimal place.