July 26, 2024
To All Concerned Parties
Real Estate Investment Trust Securities Issuer
2-3-17 Toranomon, Minato-ku, Tokyo
marimo Regional Revitalization REIT, Inc.
Representative: Takashi Kitagata, Executive Director(Securities Code: 3470)
Asset Manager
Marimo Asset Management Co., Ltd.
Representative: Takashi Kitagata, CEOContact:
Katsuhiro Shimada, Financial Management Officer
TEL: +81-3-6205-4755
Notice Concerning Formulation of Green Finance Framework and Acquisition of Its Evaluation
and Borrowing of Funds Based on the Framework (Refinancing with Green Loan)

marimo Regional Revitalization REIT, Inc. (“marimo REIT”) announces today the formulation of the green financeframework (the “Framework”), the acquisition of a third-party evaluation for the Framework, and marimo REIT’s
decision on borrowing of funds based on the Framework (the “Borrowing”) for the purpose of refinancing existing loans
as described below.
1. Purpose and Background of the Framework Formulation
marimo REIT and Marimo Asset Management Co., Ltd. (the “Asset Manager”), to which marimo REIT entrusts
management of its assets, recognize that addressing environmental, social, and governance (collectively, the “ESG”)
issues is an important issue that will have a significant impact on management and business as a whole and that
initiatives to promote a sustainable society will contribute to the sustainable growth of marimo REIT.
The Asset Manager formulated the Sustainability Policy in December 2023 and has been pursuing a series ofactivities related to ESG, including environmental burden mitigation and considerations to unitholders and otherstakeholders. In addition, marimo REIT considers that appropriately disclosing such initiatives and establishing
relationships of trust with unitholders and other stakeholders will lead to its medium- to long-term growth.
Under such policy, marimo REIT believes that implementing green bonds and green loans (“Green Finance”) will
not only lead to a stronger fund procurement foundation through expansion of fundraising from investors who areinterested in ESG investment but also contribute to the expansion of the ESG investment market. As a basic policy
for implementing Green Finance, marimo REIT has therefore formulated the Framework.

12. Overview of the Framework(1) Use of Procured Funds
1) Eligible projects for investmentsFunds procured through Green Finance based on the Framework will be allocated to acquisition of green
buildings that satisfy the following eligibility criteria, refinancing of such funds, or renovation work.
2) Eligibility Criteria
Funds procured through green bonds or green loans will be allocated to acquisition of green buildings that satisfy
the following eligibility criteria, refinancing of such funds, or renovation work.
(i) Eligibility standards for green building certification
Properties that have obtained or will obtain one of the following certifications- S rank to B+ rank of CASBEE Certification for Buildings and CASBEE Certification for Real Estate- 5-star to 3-star of DBJ Green Building Certification- 5-star to 3-star of BELS Certification (fiscal 2016 standards)*Excluding logistics facilities exceeding BEI = 0.75
- The following levels of BELS Certification (fiscal 2024 standards)
Non-residential buildings: level 6 to level 4
Residential buildings with renewable energy facilities: level 6 to level 3
Residential buildings without renewable energy facilities: level 4 to level 3(ii) Renovation work
Renovation work that satisfies one of the following.
- Renovation work at a structure that obtained or will obtain one of the eligibility criteria certifications (i) toimprove one or more stars, levels, or ranks of the certification- Renovation work capable of reducing energy consumption, greenhouse gas emission, or water consumption
by 30% or more
(2) Project selection process
1) Parties engaged in project selection
Projects for which procured funds will be used shall be reviewed for compliance with the eligibility criteria by
the person(s) in charge at the Financial Management Department of the Asset Manager and selected uponinternal approval, with the Financial Management Officer as the final decision maker.
2) Project selection process
After a draft for fund procurement through Green Finance to be used for a target project is proposed by theFinancial Management Department of the Asset Manager, resolutions will be made at each of the followingmeetings.
- Investment Management Committee of the Asset Manager- Board of Directors of the Asset Manager- Board of Directors of marimo REIT
(3) Fund management methods
1) Plan for allocating procured funds
Funds procured through Green Finance will be promptly allocated to funds for (or renovation work of) properties
satisfying eligibility criteria or refinancing of such funds. Until funds are allocated, they will be managed as cash
or cash equivalents.
2) Management method for tracking procured funds
Procured funds are managed individually at the Financial Management Department, with their use, repayment
date, balance, etc. prepared in an Excel file, so an operational structure that enables checking and tracking ofdeposit and withdrawal status is employed. Tracking is managed by the Financial Management Department,
which is approved under an internal system, with the Financial Management Officer as the final decision maker.

23) Management method for unallocated funds
Until allocation of procured funds is decided, procured funds are managed as cash or cash equivalents. Even
after all amounts are allocated, if funds will no longer be used for assets due to sale or impairment, etc. of said
assets before redemption of the bonds subject to evaluation, the unallocated funds that temporarily arise willbe allocated to acquisition funds of other property that satisfies eligibility criteria, repayment, or refinancing ofsuch funds.
(4) Reporting
1) Disclosure status regarding allocation status of funds
The following information will be disclosed each fiscal period on marimo REIT’s website.
- Green Finance balance and allocation status of funds- Balance, custody method, and allocation plan to eligibility criteria when there is a fund not being allocatedat the time of green bonds issuance and green loan execution2) Disclosure status regarding impact reporting
The following information will be disclosed annually on marimo REIT’s website.
(i) Green building
Number and type of environmental certifications and rank of acquired assets(ii) Renovation work(a) Type of environmental certifications before and after execution of renovation work and change ofcertification level(b) Estimated reduction rate (%) of energy consumption, greenhouse gas emissions, or water consumption
through implementation of renovation work, etc.
3. Evaluation of External Organizations Concerning the Framework
marimo REIT obtained Green 1 (F), the highest rank of the Green Finance Framework Evaluation, from Japan Credit
Rating Agency, Ltd. as a third-party evaluation for the Framework. For details of Green Finance Framework Evaluation,please refer to the following website.
JCR Green Finance Framework Evaluation: https://www.jcr.co.jp/en/greenfinance/green/34. Details of the Borrowing
Long-term loan (Tranche 14)(green loan)(Note 5)1) Lender
Loan syndicate with Sumitomo Mitsui Banking Corporation as arranger(Note 1)
2) Loan amount
2,015 million yen
3) Interest rate(Note 2)
Base rate (JBA 3-month Japanese Yen TIBOR)(Note 3) + 0.75% (floating rate)4) Drawdown dateAugust 1, 2024
Borrowing based on individual term loan agreement scheduled to be concluded5) Borrowing methodwith the lenders shown above on July 30, 2024
6) Maturity dateAugust 1, 2029
7) Principle repayment method Lump-sum repayment at maturity
The first interest payment date shall be November 1, 2024, and subsequent8) Interest payment
interest payment dates shall be the 1st of every third calendar month thereafter
as well as the maturity date(Note 4)9) Security
Unsecured and unguaranteed(Note 1) The loan syndicate will consist of Sumitomo Mitsui Banking Corporation, The Hiroshima Bank, Ltd., Sumitomo Mitsui Trust Bank, Ltd., ResonaBank, Ltd., Aozora Bank, Ltd., SBI Shinsei Bank, Limited, The Chugoku Bank, Limited and San ju San Bank, Ltd.
(Note 2) Not including borrowing expenses, etc. payable to the lender.
(Note 3) The base rate applicable to the calculation period for the interest payable on each interest payment date shall be decided two business days
prior to each interest payment date (the drawdown date in the case of the first interest calculation period). For the JBA Japanese Yen TIBOR,
please check the website of JBA TIBOR Administration (http://www.jbatibor.or.jp/english/). If the JBA 3-month Japanese Yen TIBOR fallsbelow 0%, then the base rate shall be 0%.
(Note 4) If the concerned date is not a business day, then it shall be the next business day, but if that next business day falls on the next calendar
month, then it shall be the business day preceding the concerned date.
(Note 5) The loan will be allocated to the refinancing of the acquisition funds of a green building satisfying eligibility criteria based on the green
finance framework formulated by marimo REIT as of July 26, 2024.

5. Reason for the Borrowing
The funds procured through the Borrowing will be allocated to the refinancing of the acquisition funds of ArtizA
Sendai Kakyoin and ArtizA Hakata PREMIER, specified assets that satisfy the eligibility criteria set forth in the green
finance framework formulated as of July 26, 2024. Summaries of the loans for which repayment will be made are asfollows.
Long-term loan (Tranche 4-B)
1) Lender
Loan syndicate with Sumitomo Mitsui Banking Corporation as arranger(Note 1)2) Balance
2,015 million yen
3) Planned repayment date August 1, 2024
4) Drawdown dateAugust 1, 20195) Repayment dateAugust 1, 2024
(Note 1) The loan syndicate will consist of Sumitomo Mitsui Banking Corporation, The Hiroshima Bank, Ltd., Sumitomo Mitsui Trust Bank, Ltd., SBIShinsei Bank, Limited (trade name at the time of borrowing: Shinsei Bank, Limited), San ju San Bank, Ltd. (trade name at the time ofborrowing: The Mie Bank, Ltd.), Resona Bank, Ltd., Chugoku Bank, Ltd. and Aozora Bank, Ltd.
(Note 2) For details of long-term loan, please refer to “Notice Concerning Borrowing of Funds (Refinancing)” as of July 23, 2019.

6. Amount, Use, and Planned Outlay Schedule of Funds to Be Procured(1) Amount of funds to be procured
2,015 million yen(2) Specific use of funds to be procured
It will be allocated to the repayment funds of long-term loan indicated in above 5.
(3) Planned outlay schedule
August 1, 202447. Status of Loans, Etc. After the Borrowing(Unit: million yen)

Short-term loans
Long-term loans
Total loans
Investment corporation bonds
Total loans and investment
corporation bonds
Other interest-bearing liabilities
Total interest-bearing liabilities

Before theBorrowing, etc.
1,00026,820
27,820-After theBorrowing, etc.
1,000
26,82027,820-27,82027,820-27,82027,820-

Increase (Decrease)-(Note 1) “Borrowing, etc.” collectively refers to the Borrowing and the refinancing of an existing loan, which will allocate funds procured through theBorrowing, scheduled to take place on August 1, 2024.
(Note 2) Amounts are rounded down to the nearest specified unit.

8. Future Outlook
The impact of the Borrowing on marimo REIT’s management status is minimal, and there is no change to theoperating forecasts announced in “Notice Concerning Revision of Operating and Dividend Forecasts for the Fiscal
Period Ending June 2024 and the Fiscal Period Ending December 2024” dated March 29, 2024.
9. Other Matters Necessary for Investors to Properly Understand and Determine the Information
Concerning the risks associated with the Borrowing, there is no material change from the content of “InvestmentRisks” in the securities report submitted on March 28, 2024.
* Website of marimo REIT: https://www.marimo-reit.co.jp/en/

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