This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy
between this translation and the Japanese original, the latter shall prevail.

September 4, 2020
REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)
Representative: Seiya Miyamoto, Executive Director
Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.
Representative: Toshio Fukushima, President and Representative Director
Inquiries to: Takashi Chiba, General Manager, Corporate Division(Tel: +81-3-6215-9649)

Notice Concerning Issuance of Investment Corporation Bonds (Green Bonds)
We hereby announce that Daiwa Office Investment Corporation (the “Investment Corporation”) has decided today toissue green bonds based on the comprehensive resolution for the issuance of green bonds passed at the meeting ofthe Board of Directors of the Investment Corporation held on July 17, 2020, as follows.
1. Outline of Investment Corporation Bonds
Seventh(1) Name of the Bonds
Daiwa Office Investment Corporation Seventh Series of Unsecured
Investment Corporation Bonds (with pari passu clause among specified
investment corporation bonds) (alias: DOI ESG Series BondⅠ(Green))(2) Total Issue Amount15 billion yen(3) Form of Bond Certificate No bond certificates will be issued under the Act on Book-Entry Transferof Company Bonds, Shares, etc.
(4) Issue Price
100 yen per 100 yen of each bond(5) Redemption Price
100 yen per 100 yen of each bond(6) Interest Rate
0.310% per annum(7) Denomination
100 million yen(8) Offering Method
Public Offering(9) Subscription Period
September 4, 2020(10) Payment Date
September 11, 2020(11) Collateral
The bonds will be issued on an unsecured and unguaranteed basis without
being backed by specific assets.
(12) Redemption and Date
The total amount of the bonds will be redeemed on September 11, 2025.
Note: The bonds may be repurchased and cancelled by the Investment
Corporation at any time on and after the date following the payment dateunless otherwise specified by the transfer agent.
(13) Interest Payment Date
March 11 and September 11 of each year (If the interest payment date isa bank holiday, then the bank business day preceding it shall be deemed
to be the interest payment date.)(14) Financial Covenants
Negative pledge among unsecured bonds(15) Credit Rating
AA (Japan Credit Rating Agency, Ltd.)(16) Fiscal Agent, Issue Agent Sumitomo Mitsui Banking Corporation
and Payment Agent(17) Underwriters
Daiwa Securities Co. Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ
Morgan Stanley Securities Co., Ltd. and Mizuho Securities Co., Ltd.

Note: This press release has been prepared as a public announcement regarding issuance of investment
corporation bonds and has not been prepared with the aim of soliciting investments.
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Eighth(1)

Name of the Bonds

(2)
(3)

Total Issue AmountForm of Bond Certificate

(4)
(5)
(6)
(7)
(8)(9)(10)(11)

Issue Price
Redemption Price
Interest Rate
Denomination
Offering Method
Subscription Period
Payment Date
Collateral(12)

Redemption and Date

(13)

Interest Payment Date

(14)
(15)
(16)

Financial CovenantsCredit Rating
Fiscal Agent, Issue Agentand Payment Agent
Underwriters(17)

Daiwa Office Investment Corporation Eighth Series of Unsecured
Investment Corporation Bonds (with pari passu clause among specified
investment corporation bonds) (alias: DOI ESG Series BondⅡ(Green))
24 billion yen
No bond certificates will be issued under the Act on Book-Entry Transfer
of Company Bonds, Shares, etc.
100 yen per 100 yen of each bond
100 yen per 100 yen of each bond0.600% per annum
100 million yen
Public Offering
September 4, 2020
September 11, 2020
The bonds will be issued on an unsecured and unguaranteed basis
without being backed by specific assets.
The total amount of the bonds will be redeemed on September 11, 2030.
Note: The bonds may be repurchased and cancelled by the Investment
Corporation at any time on and after the date following the payment dateunless otherwise specified by the transfer agent.
March 11 and September 11 of each year (If the interest payment date isa bank holiday, then the bank business day preceding it shall be deemed
to be the interest payment date.)
Negative pledge among unsecured bonds
AA (Japan Credit Rating Agency, Ltd.)MUFG Bank, Ltd.
Daiwa Securities Co. Ltd., Mitsubishi UFJ Morgan Stanley Securities
Co., SMBC Nikko Securities Inc., Ltd. and Mizuho Securities Co., Ltd.

2. Reason for the IssuanceGreen bonds will be issued in accordance with the Green Finance Framework announced in “NoticeConcerning Submission of Revised Shelf Registration Statement for Issuance of Green Bonds” on August4, 2020.
The funds raised by green bonds are planned to be used for the repayment of borrowings for theacquisition of “Daiwa Harumi”, the eligible green asset that meets the following eligibility criteria.
Properties which have received or will receive certification from a third-party certification body under anyof the following 1) to 4).
1) DBJ Green Building Certification: 3 Stars, 4 Stars or 5 Stars
2) CASBEE for Real Estate Certification: B+ Rating, A Rating or S Rating
3) BELS Certification: 3 Stars, 4 Stars or 5 Stars
4) LEED Certification: Platinum, Gold or Silver(Note 1) “DBJ Green Building Certification Program” is a certification of buildings with environmental andsocial awareness (Green Building) implemented by Development Bank of Japan Inc. (“DBJ”)
based on a five-grade evaluation system (1 to 5 stars) by using a comprehensive scoring model
independently developed by DBJ.
(Note 2) “CASBEE (Comprehensive Assessment System for Built Environmental Efficiency)” is a methodfor evaluating and rating the environmental performance of buildings as well as a comprehensive
evaluation system of the environmental performance of buildings including consideration to thesurrounding landscape in addition to the aspects of environmental load reduction such as energy
and resource saving and recycling performance.
(Note3) “BELS” is a public evaluation system of energy saving capacity in non-residential structures ofwhich evaluation criteria were determined by the Ministry of Land, Infrastructure and Transport
and is expected to provide information regarding energy saving and promote further developmentof energy saving capacity in non-residential structures.
Note: This press release has been prepared as a public announcement regarding issuance of investment
corporation bonds and has not been prepared with the aim of soliciting investments.
2(Note4) “LEED (Leadership in Energy and Environmental Design)” is an environmental performance
evaluation system for buildings and site use that is being developed and operated by the US
Green Building Council (USGBC).
3. Total Amount of Funds to Be Raised, Use of Funds and Scheduled Timing of Expenditure(1) Total amount of funds to be raised (estimated amount of net proceeds)
3,871 million yen(2) Specific use of funds and scheduled timing of expenditure
The funds are planned to be used by January 29, 2021 for the part of the repayment of the Short-Term
Borrowings due on January 29, 2021, which were required for the acquisition of “Daiwa Harumi”.
4. Investors Who Declared Investment in the Bonds (The order of the Japanese syllabary)
Listed below in alphabetical order are investors to date who declared their intention of investment in the Bonds.
Seventh・ North Pacific Bank,Ltd.
Eighth・・・・・・・・・・

THE AWAJI SHINKIN BANKUWAJIMA SHINKIN BANKECHIZEN SHINKIN BANKCREDIT GUARANTEE CORPORATION OF OSAKA
Kiryu Shinkin BankGUNMAMIRAI Shinkumi BankSUWA SHINKIN BANKTAKAMATSU SHINKIN BANKTokushima Shinkin BankTHE FUJI SHINKIN BANK

5. Assumed Status of Loans and Investment Corporation Bonds after the Issuance of Green Bonds (asof September 11, 2020)(Unit: million yen)
Increase/
Before the issuance
After the issuance
Decrease
Short-term loans (Loan period:
33,20033,2000
one year or less)Long-term loans* (Loan period:
166,150
166,1500
more than one year)
Total of loans
199,350
199,3500Investment corporation bonds

5,100

9,000+3,900

Total
204,450
208,350* The current portion of long-term loans payable is included in short-term loans.

+3,9006. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information
There is no change to the content of the investment risks described “1. Fund Information, 1-1 Status of Fund, 1-13 Investment Risk” of the Financial Report filed as of August 20, 2020 with respect to the risks involved in theredemption and the issuance of the investment corporation bonds etc.

- End -

* Website URL of the Investment Corporation: http://www.daiwa-office.co.jp/en/
Note: This press release has been prepared as a public announcement regarding issuance of investment
corporation bonds and has not been prepared with the aim of soliciting investments.
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