November 19, 2020
For Translation Purposes Only
Real Estate Investment Fund Issuer:
Mori Hills REIT Investment Corporation(Securities Code: 3234)
1-12-32 Akasaka, Minato-ku, Tokyo
Hideyuki Isobe, Executive Director
Asset Manager:
Mori Building Investment Management Co., Ltd.
Hideyuki Isobe, President & CEO
Inquiries: Akira Nemoto
General Manager of Financial Department
TEL: +81-3-6234-3234

MHR Announces Information on Borrowings
Mori Hills REIT Investment Corporation (hereinafter “MHR”) concluded today the followingborrowings.
1. Purpose of Borrowings
To be used as refinancing of 6,000 million yen in long-term loans payable due November 30,
2020 (hereinafter “Existing Long-term Loans Payable”) (Note).
(Note) Please refer to the press releases “MHR Announces Information on Borrowings” dated November 20,
2014 for details.

2. Details of Borrowings
Lender(anticipated)

Sumitomo
Mitsui Trust
Bank,
Limited
MUFG Bank,
Ltd.

Mizuho Bank,
Ltd.
Sumitomo
Mitsui
BankingCorporation

BorrowingamountInterest
rate

Scheduled
drawdown
date

Repaymentdate(million yen)

(Note 1)960

Baseinterest
rate+0.180%

November30, 2025

2,400

Base
interest
rate+0.165%

November30, 2027

1,200

Base
interest
rate+0.190%

1,440

Base
interest
rate+0.300%(Note 2)

November30, 2020
November30, 2027

Method ofrepayment

Collateral

To berepaid infull on theUnsecured/principal Unguaranteed
repayment
date

November30, 2028(Note 1) The first payment date shall be the last day of February 2021 and subsequent payment dates shall be
the last day of February, May, August, and November every year thereafter. The last payment dateshall be the principal repayment date. If the date is not a business day, the next business day shall bethe date and if this next business day falls into the following month, the business day prior shall bethe payment date.

1Base interest rate to be applied will be the 3-month JBA Japanese Yen TIBOR announced by theJapanese Bankers Association two business days prior to the last payment day (The first payment
date shall be the drawdown date). The 3-month JBA Japanese Yen TIBOR can be confirmed on thewebsite of General Incorporated Association JBA TIBOR Administration(http://www.jbatibor.or.jp/english/).
(Note 2) If the repayment date is not a business day, the next business day shall be the repayment date. If thisnext business day falls into the following month, the business day prior shall be the repayment date.

3. Amount of Funds, Use of Funds and Scheduled Payment Period(1) Amount of funds to be procured: 6,000 million yen(2) Specific use of funds and scheduled payment perioda) Specific use of funds:
To be disbursed as funds for refinancing of theExisting Long-term Loans Payableb) Amount:
6,000 million yenc) Scheduled payment period:
November 30, 2020
4. Borrowings, etc. after the Borrowings(Unit: millions of yen)

Beforethe Borrowings

Afterthe Borrowings

ChangeLong-term loans payable

167,422

167,4220Investment corporation bonds

17,00017,0000

Total interest-bearing debt

184,422

184,4220(Note) Long-term loans payable and investment corporation bonds include the current portion of long-termloans payable within a year and investment corporation bonds.

5. Other Items Required for Investors to Appropriately Understand/Judge the Concerned
Information
There are no changes to the content of “1. Fund Information; 1. Fund Status; 3. Investment
Risks” indicated in the Semiannual Securities Report (Japanese) for the twenty-eighth fiscal
period submitted on October 28, 2020 as a result of the Borrowings.
MHR’s website address is https://www.mori-hills-reit.co.jp/en/2