NEWS RELEASE
August 29, 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: Masaaki Fujino
Senior Executive Officer & General Manager
Strategic Planning Department
Phone: +81-3-3211-7951

Announcement of Debt Financing
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 5 billion executed on September 1, 2017
2. Overview of the borrowing
September 2, 2024
(1) Borrowing date(2) Lender, Amount of loan, Principal repayment dateLenderAmount of loan

Principal repayment date

The Norinchukin Bank

JPY 5,000 million

September 2, 2025

(3) Interest rate:(4) Method of borrowing:(5) Interest payment date:

Base rate (3-month JPY TIBOR published by Japanese Bankers
Association (hereinafter “JBA”)) + 0.060% (Note1)
Loan based on overdraft agreement
Unsecured/unguaranteed loan
The principal repayment date and the 2nd of every December ,March, and June in the period until the principal repayment date
(Note2)(6) Method of principal repayment: Lump-sum repayment on the principal repayment date
(Note1)・ The base rate to calculate the interest to be paid on interest payment dates is JBA 3-month JPY TIBOR
as of the second preceding business day of the borrowing date for the first interest payment date
and as of the second preceding business day of the most recent interest payment date for thesubsequent interest payment dates. (JBA 3-month JPY TIBOR as of August 29, 2024 is 0.44727%.)･ For the JBA Japanese Yen TIBOR, please refer to JBA TIBOR administration’s website

1(https://www.jbatibor.or.jp/english/rate/).
(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 thefollowing month.

<Reference> Overview of Existing Loan Subject to Repayment
LenderAmount of loan
Borrowing date
The Norinchukin
Bank

JPY 5,000 million

September 1, 2017

Principal
repayment date

Disclosure date

September 2, 2024

August 30, 2017

3. Balance of interest-bearing debt after the debt financing
BeforeShort-term loans payable(Units: millions of JPY)
After

Increase/Decrease

40,50045,500+5,00019,50019,500±0372,200

359,900-12,300

Total loans

432,200

424,900-7,300Investment corporation bonds

32,99332,993±0

Total
investment corporation bonds

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

465,193457,893-7,300Long-term loans payable(Variable interest rate)Long-term loans payable(Fixed interest rate)(Note3) The balance stated in the “Before” column takes into account the borrowing detailed in the press release
titled “Announcement of Loan Prepayment and Debt Financing (Sustainability-Linked Loan)” dated August 28,2024.
(Note4) The balance stated in the “After” column takes into account the other loans mature on September 2, 2024.

4. Others
Regarding risks pertaining to this loan repayment, there is no material change to the descriptionsof “Investment risks” in the latest securities report submitted on June 25, 2024.

This is the English translation of the announcement in Japanese dated August 29, 2024.
No assurance or warranties are given for the completeness or accuracy of this English translation.
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