Translation of Japanese Original

April 26, 2022

To All Concerned Parties

REIT Issuer:
Kenedix Office Investment Corporation
Hikaru Teramoto, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Strategic Planning,
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Series 192)
Kenedix Office Investment Corporation (“the Investment Corporation”) announced today that the Investment
Corporation decided to undertake the debt financing (total of 6,400 million yen). Please see below for the details.
1. Outline of Debt Financing
SeriesLenderAmountInterest Rate
(Note 1) (Note 2)

192-A

Mizuho Bank, Ltd.

1,900million
yen

Base rate(JPY TIBOR
for 1 month)+0.17500%

Shinsei Bank, Ltd.

1,000
millionyen

Base rate(JPY TIBOR
for 3 months)+0.20000%MUFG Bank, Ltd.

2,500million
yen

0.23000%(Fixed interest rate)

The 77 Bank, Ltd.

1,000million
yen

Base rate(JPY TIBOR
for 3 months)+0.23000%

192-B

192-C

192-D

Contract
Date

Drawdown
Date

Principal
Repayment
Date (Note 1)

Collateral
RepaymentMethod

April 28,
2023

April 26,
2022

April 28,
2022

April 30,
2024

Unsecured,
unguaranteed
・Repaymentof principal
in full on
maturity date

April 30,2025

Note 1: The first interest payment of Series 192-A is due at the end of May 2022, and on the last day of every 1 month thereafter with the principal
repayment day. The first interest payment of Series 192-B, 192-C and 192-D is due at the end of July 2022, and on the last day of every 3months thereafter with the principal repayment day. If each interest payment day or the principal repayment day is a non-business day, thenthe interest payment or the principal repayment will be due on the next business day and if that next business day is in the next month, thenprevious business day will be applied.
Note 2: The base rates that are applied during interest period for the interest due on each interest payment date for Series 192-A shall be calculated
based on Japanese Yen TIBOR for 1 month, for Series 192-B and 192-D shall be calculated based on Japanese Yen TIBOR for 3 months,
which JBA TIBOR Administration (“the JBATA”) releases two business days before each interest payment date. The Japanese Yen TIBOR
of the JBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).

2. Purpose of Debt FinancingSeries 192 is to apply the fund towards acquisition funds and a part of related costs for Sendai Honcho Building to beacquired on April 28, 2022.
Note: For details on the acquisition, please refer to the press release, “Notice Concerning Acquisition of Properties (Edobashi Building・Sendai
Honcho Building)” dated April 26, 2022.

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3. Status of Borrowings and Investment Corporation Bonds after the Debt Financing and the Other Debt
Financing etc. on the Same Date (as of April 28, 2022)(Millions of yen)

Short-Term Borrowings (Note 1)

Balance before
the Debt Financing andthe Other Debt Financing etc.
on the Same Date
7,700

Balance after
the Debt Financing andthe Other Debt Financing etc.
on the Same Date
8,600

Long-Term Borrowings (Note 2)Classification

Difference+900

178,050

183,550+5,500Total Borrowings

185,750

192,150+6,400Investment Corporation Bonds

13,00013,0000198,750

198,750

205,150

Total Borrowings and Investment Corporation Bonds

Note 1: In addition to the above borrowings, the other borrowing and prepayment will be executed on the same date. For details on the otherborrowing and prepayment, please refer to the press release, “Notice Concerning Debt Financing (Series 193) and Execution ofPrepayment of Borrowing (Series 184-A)” dated today.
Note 2: Short-term borrowings refer to debt financing with a period less than or equal to one year from the drawdown date to the principal repayment
date. However, the borrowings for which the period until the principal repayment date has surpassed one year because the principal
repayment date after one year from the drawdown date is not a business day, and for which the principal repayment date has been moved toa different business day, are included in short-term borrowings.
Note 3: Long-term borrowings refer to debt financing with a period more than one year from the drawdown date to the principal repayment date.

4. Other
For risks concerning the repayment, etc. of the aforementioned debt financing, there are no significant changes to the“Investment Risks” as described in the Securities Report (submitted on January 28, 2022).
The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on April 26, 2022. However, no assurance
or warranties are given for the completeness or accuracy of this English translation.

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