<Provisional translation>
July 14, 2017For

For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Hiroshi Yoshida
General Manager, IR and Public Relations Department
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Debt Financing
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces its decision made today to undertake debt
financing (hereafter the “Debt Financing”) as described below.

1. Reason for debt financing
These funds will be allocated for the repayment of 2,500 million yen in borrowings that was executed on July23, 2012.
2. Details of Debt Financing (Scheduled)Category

Short-termborrowings

LenderSumitomo Mitsui
Banking Corporation

Amount of debt
financing(millions of yen)

2,500Interest rates(Note)

Base interest
rate (JBA 1-month
Japanese Yen
TIBOR) + 0.15%
Variable interest
rate

DrawdowndateJuly 24,2017

Lending andrepayment
methods

Unsecured/ nonguaranteed
Lump-sum
repayment

Maturity
dateJuly 24,2018

Note : • The interest payment dates are 24th of every month, with the first payment date being August 24, 2017 (or thenext business day if the applicable date is a non-business day of the bank). The base interest rate applied on
the interest to be paid on interest payment date will be JBA 1-month Japanese Yen TIBOR as of two days prior
to the most recent interest payment date (in case of first payment, this will be the drawdown date) of eachinterest payment date.(The JBA 1-month Japanese Yen TIBOR as of July 13, 2017 is 0.03000%).
• The JBA 1-month Japanese Yen TIBOR can be referenced on the website of the JBA TIBOR Administration:
http://www.jbatibor.or.jp/english/rate/• In the future, Hankyu REIT will not provide notification regarding the determination of variable interest rate. Asfor changes to the applicable base interest rate, please refer to the website of JBA TIBOR Administration.

13. Use for funds
Capital for repayment of borrowing below
Category

Long-term
borrowings

LenderAmount of debt
financing(millions of yen)

Sumitomo Mitsui
Banking Corporation

2,500

Lending andrepayment
methods

Drawdowndate

July 23,2012Unsecured/ nonguaranteed
Lump-sum
repayment

Maturitydate

July 24,2017

4. Balance of Interest-bearing Debt after Execution of Debt Financing
Before execution ofdebt financing(millions of yen)

After execution ofdebt financing(millions of yen)

Change(millions of yen)

Short-term borrowings

3,200

5,700

+2,500Long-term borrowings (Note)

58,70056,200-2,500Total debt financing

61,90061,900±0

Investment corporation bonds

4,000

4,000±0

Total interest-bearing debt

65,90065,900±0(Note) Long-term borrowings are borrowings with a repayment term (from the drawdown date until the maturitydate) exceeding one year.

5. Other
The risks associated with the Debt Financing, such as risks of repayment, have not changed in any
material way from the “risks associated with the fund procurement through additional issuance of new
investment units, debt financing and issuance of investment corporation bonds” in the “InvestmentRisks” stated in the Securities Report for the 23rd fiscal period (submitted on February 22, 2017).

•Hankyu REIT website: http://www.hankyu-reit.jp/eng/

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