August 4, 2016
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative: Atsushi Kato
Representative Director and President
Contact: Toru Sugihara
Director, and General Manager of Financial
Management Department
TEL: 03-5425-1340

Notice Concerning Partial Early Repayment of Borrowings
Star Asia Investment Corporation (SAR) announces today that it has decided on partial early repayment ofborrowings (the “Early Repayment”), as described below.
1. Details of Early Repayment(1) Repayment amount:
1,137 million yen(2) Repayment date:August 22, 2016(3) Source for repayment:
Entire amount of proceeds from the issuance of new investment units throughthird-party allotment indicated in the “Notice Concerning Determination of theNumber of New Investment Units to be Issued through Third-Party Allotment”
dated May 13, 2016 and cash on hand.
2. Summary of Borrowings of which Early Repayment will be Executed
Short-term Borrowings (Note 1) (Announced in the “Notice Concerning Execution of Debt Financing andEstablishment of Interest Rate Swaps” dated April 20, 2016)
Borrowing
Interest
Date of
Borrowing Maturity Repayment
SecurityTerm
Lenderamountrateborrowing
methoddatemethod(million yen)
Borrowing
A syndicate ofbased onBase
lenders withindividual term
Sumitomo
interest
Lump sumloan agreement
Mitsui Banking
3,355
rate (JBA 1 April 20,April 20, repayment Unsecured andShort-term
concluded with2017 on maturity unguaranteed
Corporation and (Note 3)
month yen2016
lenders in theMizuho Bank,TIBOR)
dateleft column
Ltd. as arrangers+0.20%
dated April 15,(Note 2)
2016(Note 1) Short-term refers to borrowing due within one year. The same applies hereinafter.
(Note 2) The syndicate of lenders consists of Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui
Trust Bank, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Aozora Bank, Ltd., Shinsei Bank, Ltd. and Resona
Bank, Ltd.
(Note 3) Balance after executing the Early Repayment will be 2,218 million yen.

Disclaimer: This document is an English translation of a press release for public announcement concerning partial early repayment by Star
Asia Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

13. Status of Interest-Bearing Liabilities after Early Repayment

Short-term borrowings
Long-term borrowings (Note)
Total borrowings
Investment corporation bonds
Total borrowings and Investment corporation
bonds
Other liabilities
Total liabilities

Before the Early
Repayment
3,355
29,20032,555After the Early
Repayment
2,218
29,20031,41832,55531,418－－32,555－－31,418(million yen)
Increase/
Decrease-1,137-1,137-1,137－-1,137(Note) Long-term refers to borrowings due within one year or more.

4. Future Outlook
The execution of the Early Repayment will have minimal impact on the operating results for the fiscal period ending
January 31, 2017 (August 1, 2016 – January 31, 2017) and there are no revisions to the forecast.
5. Other
In conjunction with the risks concerning the Early Repayment and other factors, there are no changes to “Part 2.
Fund Information, I. Overview of the Fund, 3. Investment Risks” stated in the Securities Registration Statement
submitted on March 16, 2016.

* This material is distributed to the press club of the Tokyo Stock Exchange (Kabuto Club), the press club of the
Ministry of Land, Infrastructure, Transport and Tourism, and the press club for construction trade publicationsof the Ministry of Land, Infrastructure, Transport and Tourism.
* Star Asia Investment Corporation website address: http://starasia-reit.com/en/

Disclaimer: This document is an English translation of a press release for public announcement concerning partial early repayment by Star
Asia Investment Corporation, and has not been prepared for the purpose of solicitation of investment.

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