NEWS RELEASE
February 28, 2024
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 (Sustainability‐Linked Loan)
Japan Real Estate Investment Corporation hereby announces its decision today to procure funds asfollows:

1. Reason for the borrowing
Repayment of the existing long‐term loan of JPY 50 billion executed on March 26, 2018
2. Overview of the borrowing
March 26, 2024
(1) Borrowing date(2) Lender, Amount of loan, Principal repayment dateLenderAmount of loan

Principal repayment date

MUFG Bank, Ltd.

JPY 5,000 million

March 26, 2030

(3) Interest rate:(4) Method of borrowing:

0.65125% (Fixed) (Note1)
Loan agreement dated February 28, 2024
Unsecured/unguaranteed loan(5) Interest payment date:
The principal repayment date and the 26th of every March and
September in the period until the principal repayment date (Note2)(6) Method of principal repayment: Lump‐sum repayment on the principal repayment date
(Note1) This borrowing will be procured through a sustainability‐linked loan (“SLL”), whose loan terms are alignedwith JRE’s achievement status of the following sustainability performance target (“SPT”) set beforehand.
・SPT : Reduce CO₂ emissions by 80% by fiscal 2030 (Base year: Fiscal 2019 / Absolute basis)
The applicable interest rate will be lower by 0.01% on the condition that the above target set as SPT isachieved for the respective performance levels set for May 2024 and May 2027 for the period until theperformance level is next confirmed (for the time of final confirmation, the repayment date). Please refer to“Loans and Bonds” under Financial Summary of JRE’s website
https://www.j‐re.co.jp/en_cms/finance/debt.html for the interest rate applicable after the performance1

level is confirmed.
Moreover, in concluding the agreement for the SLL, JRE has established “Sustainability‐Linked Loan
Framework” and obtained a second‐party opinion from Japan Credit Rating Agency, Ltd. (JCR) with regard toconformity with the Sustainability Linked Loan Principles and the rationality of the established SPT.
(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 the following month.

<Reference> Overview of Existing Loan Subject to Repayment
LenderAmount of loan
Borrowing date
MUFG Bank, Ltd.

JPY 5,000 million

Principal
repayment date

Disclosure date

March 26,2024

March 13, 2018

March 26, 2018

3. Balance of interest‐bearing debt after the debt financing(Units: millions of JPY)Before
Short‐term loans payable

After

Increase/Decrease

38,50038,500±022,00017,000‐5,000365,700

370,700+5,000Total loans

426,200

426,200±0

Investment corporation bonds

32,99332,993±0

Total
investment corporation bonds

32,99332,993±0Total interest‐bearing debt

459,193459,193±0Long‐term loans payable(Variable interest rate)
Long‐term loans payable(Fixed interest rate)

4. Others
Regarding risk pertaining to this loan repayments, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on December 25, 2023.

This is the English translation of the announcement in Japanese dated February 28, 2024.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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