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Unitholders' Equity and Major Unitholders

   Unitholders' Equity of MID REIT, Inc. (as of December 31, 2011)
                     
Total unitholders’ equity JPY 90,372,613,750
Total number of investment units
authorized
2,000,000 units
Total number of investment units
issued and outstanding
183,625 units
  Changes in unitholders' equity and the total number of investment units issued and outstanding are
summarized as follows:
Date Unitholders' Equity (JPY) Total Number of
Investment Units
Issued and Outstanding
(Units)
Change Balance Change Balance
June 1, 2006* 100,000,000 100,000,000 200 200
Aug. 28, 2006 88,587,000,000 88,687,000,000 180,000 180,200
Sept. 26, 2006 1,685,613,750 90,372,613,750 3,425 183,625
* MID REIT was established on June 1, 2006. 
    Major Unitholders (as of December 31, 2011)
                     
Name Number of Investment
Units Held (Units)
Percentage
Share (%)
Japan Trustee Services Bank, Ltd. (Trust Account) 27,861 15.17
The Nomura Trust and Banking Co., Ltd.
(Investment Trust Account) 
10,644 5.80
MID Urban Development Co., Ltd.  9,200 5.01
The Fuji Fire and Marine Insurance Co., Ltd.  8,607 4.69
The Master Trust Bank of Japan, Ltd. (Trust Account)  5,208 2.84
Trust & Custody Services Bank, Ltd.
(Securities Investment Trust  Account) 
4,959 2.70
Nomura Bank (Luxembourg) S.A.  3,783 2.06
Shikoku Railway Company 2,117 1.15
The Hiroshima Bank, Ltd.  1,892 1.03
Sekai Shindokyo provision for amortization  1,856 1.01
Total 76,127 41.46
*The percentage share indicates the number of investment units held as a percentage of the total number of
  outstanding investment units.

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