May 23, 2006
For Immediate Release
LCP Investment Corporation
Nihon-bashi Nishikawa Bldg,
1-5-3 Nihon-bashi,Chuo-ku,Tokyo
Shunji Miyazaki: Executive Officer(Securities Code: 8980)

Inquiries:
The LCP REIT Advisors Co., Ltd
CFO

Yuji Kubo

TEL: +81-3-3272-7311

Notice Concerning Debt Financing
LCP Investment Corporation (the “Investment Corporation”) today announced its agreement withcertain financial institutions to undertake debt financing, of which belief details are as follows.

1, Rationale
Investment Corporation has agreed to undertake debt financing to support the acquisition of trust
beneficiary interests in certain investment assets in line with the Investment Corporation’s
Prospectus for the Issue of New Investment Units, published in April, 2006.

2. Details of Debt Financing<Term Loan>① Lenders : Aozora Bank Ltd ( Agent), Shinsei Bank, Ltd, Tokio Marine & Nichido Fire Insurance
Co.,Ltd, The Nishi-Nippon City Bank, Ltd, The Musashino Bank, Ltd, Resona Bank, Ltd, The
Chiba Bank, Ltd, The Chuo Mitsui Trust and Banking Company, Limited.
② Maximum Amount : ¥ 22,700 million③ Interest Rate : Interest Rate : in connection with certain principal amount (¥ 11.4 billion) of theterm loan (the “Term Loan A”), the interest rate for the period from May 25, 2006 to September
30, 2006 (or the previous business day if such date is non-business day) is 0.75273 % p.a.
Note: Due to the Interests Swap Agreement executed today in which the notional principal
amount is ¥5,700 million, the interest rate regarding the said notional principal amount for theperiod ending the repayment date will be 1.745 % p.a.
Interest Rate : in connection with certain principal amount (¥ 11.3 billion) of the term loan (the“Term Loan B”), the interest rate for the period from May 25, 2006 to September 30,2006 (orthe previous business day if such date is non-business day) is 0.65273% p.a.
Note : Due to the Interests Swap Agreement executed today in which the notional principal
amount is ¥5,650 million, the interest rate regarding the said notional principal amount for theperiod ending the repayment will be 1.370 % p.a.
④ Planned Date : May 25, 2006
⑤ Debt Financing Method : Pursuant to the Term Loan Agreement executed with the financial
institutions identified above on May 23, 2006
⑥ Interest Payment Date: the last day of March, June, September and December every year (or theprevious business day if such day is non-business day); provided, however, that the first interest
payment date is the last day of September 2006 and the last interest payment date is May
25,2009 (as to Term Loan A) or May 25, 2008 (as toTerm Loan B) (or the previous business day
if such date is non-business day).
⑦ Repayment Method : Principal repayment in full on maturity⑧ Repayment Date : May25, 2009 (Term Loan A), May 25, 2008 ( Term Loan B)(the previous business day if such date is non-business day)
⑨ Collateral : Secured (The right of pledge is established on 30 beneficial interests in real estate
trust which are assets to be acquired described in the prospectus (dated April, 2006) regarding theissuance of new investment units and the secondary offering of investment units of theInvestment Corporation. The mortgage is also established on 3 properties which are assets to beacquired described in the same prospectus.)
Note : As to Term Loan A and Term Loan B, the interest rate during the calculation period
after the first interest payment date is not determined. The interest rate for Term Loan A during
the calculation period after the first interest payment is 3 months JPY TIBOR + 0.50% and theinterest rate for Term Loan B is 3 months JPY TIBOR + 0.40 %. The interest rate which is notdetermined will be announced when it is determined.

3. Use of Funds
As announced in the press release “Notice of Acquisition Assets” as of May 23, 2006, proceeds ofthe issuance of investment units through public offering was used for a part of the payment for theacquisition of beneficial interests in real estate trust concerning 16 properties which are assets to beacquired described in the prospectus (dated April, 2006) regarding the issuance of new investment
units and the secondary offering of investment units of the Investment Corporation. The proceeds ofthe loan described above are to be utilized for the payment for the acquisition of 3 properties and 14
beneficial interests in real estate trust or other related expenses.

4. Commitment Line of Credit Loan Agreement
In addition to the aforementioned, and to assist in the acquisition of future investment assets andpayment of associated costs, the Investment Corporation contracted with certain financial institutions
in connection with a commitment line of credit on May 23, 2006.
① Lenders : Aozora Bank Ltd ( Agent)② Maximum Amount: Maximum limit calculated using a fixed formula. (Note)③ Interest Rate : Interest rate to be determined at the time of individual loan agreement execution④ Term: May 23, 2006 through May 24, 2007. In principle, automatic annual renewal, throughMay 24, 2009
⑤ Collateral : Secured
Note: The maximum line of credit is calculated using a fixed formula based on the appraisal
value of certain investment assets held by the Investment Corporation at the time of each loan
drawdown.

＊ This document is released to media organizations through the ‘Kabuto Club’ ( the press club of the Tokyo StockExchange), the Ministry of Land, Infrastructure and Transport Press Club, and the Press Club for the Ministry ofLand, Infrastructure and Transport Construction Paper.
＊ Website of the Investment Corporation : http://www.lcp-reit.co.jp＊ This English language notice is a translation of the Japanese language notice issued on the same day and wasprepared solely for the convenience of, and reference by, overseas investors. LCP Investment Corporation makes
no warranties as to its accuracy or completeness.