Mitsubishi Estate - Shareholders

Shareholders

(as of February 2005)

• Meiji Yasuda Life Insurance Company (4.50%)
• Japan Trustee Services Bank, Ltd. (Trust Account) (4.38%)
• The Bank of Tokyo-Mitsubishi, Ltd. (3.73%)
• The Mitsubishi Trust and Banking Corporation (3.49%)
• The Tokio Marine and Fire Insurance Co., Ltd. (3.29%)
• The Mitsubishi Trust and Banking Corporation (Trust Account) (3.25%)
• Obayashi Corporation (2.31%)
• Taisei Corporation (2.25%)
• UFJ Trust Bank Limited (Trust Account A) (2.20%)
• Takenaka Corporation (2.17%)