June 12, 2024
For Immediate Release
Real Estate Investment Trust Securities Issuer
Star Asia Investment Corporation
Representative: Atsushi Kato, Executive Officer(Code: 3468)
Asset Management Company
Star Asia Investment Management Co., Ltd.
Representative:
Atsushi Kato
President and CEO
Contact:
Akiko Kanno
Director and CFO
TEL: +81-3-5425-1340

Notice Concerning Early Repayment of Borrowings
Star Asia Investment Corporation (SAR) announces today that it has decided on early repayment of borrowings(the “Early Repayment”), as described below.
1. Details of Early Repayment(1) Early Repayment amount:(2) Early Repayment date:(3) Source for Early Repayment:

1,300 million yen
June 28, 2024
Refund of consumption tax and local consumption tax arising from property
acquisition and payment of various related expenses by SAR.

2. Summary of Borrowings for which Early Repayment will be Executed
Short-term borrowings to mature on August 30, 2024(Note 1).
For details, please refer to the press release disclosed by SAR dated August 7, 2023 entitled “Notice Concerning
Debt Financing” and the press release dated August 30, 2023 entitled “Notice Concerning Debt Financing (Changeto Borrowing Amount)”
Borrowing
Term

Lender(Note 1)

amount(millionInterest Rates

Date ofBorrowingsyen)

Sumitomo Mitsui

Base

Bankinginterest

Short-termCorporation

borrowings

andMizuho Bank, Ltd.

1,300

Floatingrate(JPY 3M
TIBOR)＋0.20 %

Principal
Repayment DateSeptember 1,

August 30,

2023

2024

Repayment
MethodLump sum
repaymentonprincipal
repayment
date(Note 1) Borrowings with a repayment period of 1 year or less are classified as “short-term” and borrowings with1

Security

Unsecuredand
Unguaranteedrepayment periods exceeding 1 year are classified as “long-term”. The same applies below.

3. Status of Borrowings, etc. after the Early Repayment(Unit: million yen)

Short-term borrowings
Long-term borrowings
Total borrowings
Investment corporation bonds
Total of borrowings and investment
corporation bonds

Before the
Early Repayment
2,300
119,840
122,140
1,000

After the
Early Repayment
1,000
119,840
120,840
1,000

123,140

121,840

Increase/Decrease-1,300－-1,300－-1,300

4.Future outlook
The impact of the Early Repayment on SAR’s operating results is immaterial, and there are no changes tothe forecasts of operating results for the fiscal period ending July 31, 2024 (February 1, 2024 to July 31,2024) and ending January 31, 2025 (August 1, 2024 to January 31, 2025) which were announced by SAR
in the “Financial Report for Fiscal Period Ended January 31, 2024” on March 15, 2024.
5.Other matters required for investors to appropriately understand the relevant information and make decisions
Concerning the risks related to Early Repayment, there are no changes to the contents described in “PartI: Fund Information / Section 1 - Status of the Fund / 3. Investment Risks” of the Securities Reportsubmitted on April 25, 2024.
* Star Asia Investment Corporation website address: https://starasia-reit.com/en/

This is an English translation of the announcement in Japanese dated June 12, 2024.
However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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