Translation of Japanese Original

September 26, 2019

To All Concerned Parties

REIT Issuer:
Kenedix Office Investment Corporation
Jiro Takeda, Executive Director(Securities Code: 8972)
Asset Management Company:
Kenedix Real Estate Fund Management, Inc.
Masahiko Tajima, President & CEO
Inquiries:
Hiroaki Momoi
Head of Planning Division
Office REIT Department
TEL: +81-3-5157-6010

Notice Concerning Debt Financing (Interest Rate Determination) and
Execution of Interest Rate Swap Agreement (Series 168)

Kenedix Office Investment Corporation (“the Investment Corporation”) has announced today, that regarding the debt
financing and interest rate swap agreements which were disclosed in the press release, “Notice Concerning Debt
Financing (Series 168) and Execution of Interest Rate Swap Agreement” dated September 20, 2019, the undecided
matters were determined.
Please see below for the details, where the today’s decided matters are underlined.
1. Outline of Debt Financing
Series168-B

Lender

The Norinchukin Bank

Amount800
millionyen

Interest Rate(Note)

0.42500%(Fixed interest rate)

Contract
Date

September 20,
2019

DrawdownDate

September 30,
2019

Principal
Repayment
Date (Note)

Collateral ・Repayment
MethodMarch 31,
2027

Unsecured,unguaranteed
・Repaymentof principal
in full on
maturity date

Note: The first interest payment is due at the end of December 2019, and on the last day of every 3 months thereafter with the principal
repayment day. If each interest payment day or the principal repayment day is a non-business day, then the interest payment or theprincipal repayment will be due on the next business day and if that next business day is in the next month, then previous business day
will be applied.

2. Interest Rate Swap Agreement
The Investment Corporation executed the interest rate swap agreements to hedge against possible increases in futureinterest rate of the debt financing (Series 168) (Note) with floating interest rate.
Note: For outlines, etc., of the debt financing (Series 168), please refer to the press release, “Notice Concerning Debt Financing (Series 168) and
Execution of Interest Rate Swap Agreement” dated September 20, 2019.

Details of Interest Rate Swap Agreements
Series

168-A

168-B

Counterparty
Notional AmountInterest
Rate

Fixed interest rate
for payment (Note)
Floating interest ratefor receipt

Nomura Securities Co., Ltd.
1,000 million yen

900 million yen

0.03900%

0.05600%
Base rate (JPY TIBOR for 3 months)

Commencement Date
Termination Date

Payment Date

September 30, 2019
September 30, 2026

March 31, 2027

The first payment is due at the end of December 2019, and on the last day of every 3 months
thereafter with each termination date. (If each payment day is a non-business day, then thepayment will be due on the next business day and if that next business day is in the nextmonth, then previous business day will be applied.)

Note: By entering into the interest rate swap agreements, the interest rates for the debt financing with floating interest rate in Series 168-A and168-B are essentially fixed at 0.48900% and 0.53100%.

3. OtherFor risks concerning the repayment, etc. of the aforementioned debt financing, there are no significant changes to the“Investment Risks” as described in the Securities Report (submitted on July 30, 2019).

The Investment Corporation’s website: https://www.kdo-reit.com/en/
This notice is the English translation of the Japanese announcement on our website released on September 26, 2019. However, noassurance or warranties are given for the completeness or accuracy of this English translation.