NEWS RELEASE
January 12, 2023
For Immediate Release

Investment Corporation
Japan Real Estate Investment Corporation
Jo Kato, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Shojiro Kojima , President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Strategic Planning Department
Phone: +81-3-3211-7951

Announcement of Debt Financing
Japan Real Estate Investment Corporation hereby announces its decision today to procure funds asfollows:

1. Reason for the borrowing
Repayments of the existing long-term loan of JPY 1 billion executed on January 15, 2016 and theexisting long-term loan of JPY 1 billion executed on the same day.
2. Overview of the borrowing<Long-term loans>(1) Amount of loan
(2) Lender(3) Interest rate

JPY 1,000 million
The Iyo Bank, Ltd.
Base rate (3-month JPY
TIBOR published by Japanese
Bankers Association(hereinafter “JBA”)) + 0.100%

JPY 1,000 million
The Hachijuni Bank, Ltd.
1.00625% (Fixed)(Note1)(4)(5)

Borrowing date
Method of borrowing(6)

Interest payment date (Note2)

(7)
(8)

Method of principal repayment
Principal repayment date

January 16, 2023
Loan agreement dated January 12, 2023
Unsecured/unguaranteed loan
The principal repayment
The principal repayment
date and the 16th of every
date and the 16th of every
January, April, July andJanuary and July in theOctober in the period until
period until the principal
the principal repayment date repayment dateLump-sum repayment on the principal repayment date
January 17, 2033

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(Note1)・ The base rate to calculate the interest to be paid on interest payment dates is JBA 3-month JPY TIBOR
as of the second preceding business day of the borrowing date for the first interest payment date
and as of the second preceding business day of the most recent interest payment date for thesubsequent interest payment dates. (JBA 3-month JPY TIBOR as of January 12, 2023 is 0.08364%.)･ For the JBA Japanese Yen TIBOR, please refer to JBA TIBOR administration’s website(https://www.jbatibor.or.jp/english/rate/).
(Note2) ･ When an interest payment date is not a business day, the interest shall be paid on the following
business day or the immediately preceding business day if the following business day is in thefollowing month.

<Reference> Overview of the loan repayments
LenderAmount of loan
Borrowing date
The Iyo Bank, Ltd.
The Hachijuni
Bank, Ltd.

Principal
repayment date

Disclosed date

January 16, 2023

January 13, 2016

JPY 1,000 million
January 15, 2016
JPY 1,000 million

3. Balance of interest-bearing debt after the debt financing(Units: millions of JPY)
BeforeShort-term loans payable

After

Increase/Decrease

17,50017,500±021,00022,000+1,000338,700

337,700-1,000Total loans

377,200

377,200±0

Investment corporation bonds

42,99342,993±0Totalinvestment corporation bonds

42,99342,993±0Total interest-bearing debt

420,193

420,193±0Long-term loans payable(Variable interest rate)Long-term loans payable(Fixed interest rate)

4. Others
Regarding risks pertaining to this loan repayments, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on December 26, 2022.

This is the English translation of the announcement in Japanese dated January 12, 2023.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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