November 10, 2021
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1, Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEOInquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Early Repayment of Funds
Activia Properties Inc. (“API”) announces today that it has decided to make early repayment of funds(the “Early Repayment”). Details are as follows.
1．Early Repayment of funds(1) Details of the funds to be repaid
LenderLoanamountRepayment
amountSumitomo Mitsui Trust Bank, Limited
Mizuho Bank, Ltd.
MUFG Bank, Ltd.

3,9billion yen

3,9billion yen

Loanamountafter
repayment-Interest rate

Drawdown
date

Due date

Scheduleddate ofearly
repayment

0.13% +
Base rate(floatingrate)

September
10, 2021

September
10, 2022

November25, 2021(Note 1) Break-funding costs upon the Early Repayment will occur. However, the impact of these costs on API is negligible.
(Note 2) For details of the above borrowing, please refer to the “Notice Concerning Borrowings of Funds” announced on September 6,2021.

(2) Funds for repayment
All of the net proceeds from the issuance of the 14th unsecured investment corporation bonds (green bonds)(with pari passu conditions among specified investment corporation bonds) (the “Investment CorporationBonds”) which will be paid on November 16, 2021, and cash on hand will be applied. For further details,
please refer to the “Notice Concerning Issuance of Investment Corporation Bonds (Green bonds)” announced
as of today.

12．Status of borrowings, etc. after the Early Repayment(1) Interest-bearing debt after the Early Repayment(In millions of yen)
Before the EarlyRepayment(As of November
10, 2021)
Short-term borrowings

After the EarlyRepayment(As of November
25, 2021)

Change(Note 1)

3,9000(3,900)

Long-term borrowings
to be repaid within one year

26,10026,1000

Long-term borrowings

207,550

207,550

0237,550

233,650(3,900)Investment corporation bonds
to be redeemed within one year

1,000

1,0000Investment corporation bonds

21,80025,7003,900

260,350

260,3500(Note 2)

(Note 2)

Total amount of borrowings

Total amount of borrowings andinvestment corporation bonds(Note 1)
(Note 2)

The figures are based on assumption that the Investment Corporation Bonds (3.9 billion yen) will be issued on November 16,2021.
Short-term borrowings refer to borrowings with a maturity period of one year or less, and long-term borrowings refer toborrowings with a maturity period of more than one year.

(2) Basic financing information after the Early Repayment
Before the EarlyRepayment(As of November10, 2021)
Long-term borrowing ratio(Note 2) (Note 5)Long-term borrowing ratio(excluding the long-term borrowings
to be repaid and investment
corporation bonds to be redeemedwithin one year)(Note 3) (Note 5)
Fixed interest ratio(Note 4) (Note 5)

After the Early
Repayment(As of November25, 2021)

Change (point)(Note 1)

98.5%

100.0%

1.5

88.1%

89.6%

1.5

95.1%

96.6%

1.5

(Note 1) The figures are based on assumption that the Investment Corporation Bonds (3.9 billion yen) will be issued on November 16,2021.
(Note 2) Long-term borrowing ratio is the ratio of the outstanding long-term borrowings (including the portion of long-term borrowings
to be repaid within one year) and investment corporation bonds (including the investment corporation bonds to be redeemedwithin one year) to the total of outstanding interest-bearing debt.
(Note 3) Long-term borrowing ratio (excluding the long-term borrowings to be repaid and investment corporation bonds to be redeemedwithin one year) is the ratio of the outstanding long-term borrowings (excluding the long-term borrowings to be repaid withinone year) and investment corporation bonds (excluding the investment corporation bonds to be redeemed within one year) to thetotal of outstanding interest-bearing debt.
(Note 4) Fixed interest ratio is the ratio of the total of outstanding interest-bearing debt with fixed interest rates to the total of outstanding
interest-bearing debt. The total of outstanding interest-bearing debt with fixed interest rates includes debts whose interest rates
were converted into fixed interest rates by interest rate swap agreements.
(Note 5) Figures are rounded to the first decimal place.

23．OtherRegarding the risks related to the early repayment of funds, there are no significant changes in the“Investment Risk” section of the securities registration statement submitted on August 24, 2021.

*Website of API: https://www.activia-reit.co.jp/en/

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