August 17, 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 (hereafter “MHR”) concluded today the followingborrowings.
1. Purpose of Borrowings
To allocate for part of funds of “Toranomon Hills Mori Tower” (hereafter “Assets to beAcquired”) to be acquired on September 1, 2020 (Note).
(Note) Please refer to the press releases “MHR Announces Acquisition of Trust Beneficiary Interest in
Domestic Real Estate (Toranomon Hills Mori Tower: Additional Acquisition) ” separately announced
today.

2. Details of Borrowings
Lender(anticipated)

Resona Bank,
Limited.

MUFG Bank,Ltd.

BorrowingamountInterestrate(million yen)

(Note 1)

1,000

Base
interest
rate +
0.200%

1,400

Baseinterest
rate +
0.165%

Scheduled
drawdown
date

Repaymentdate(Note 2)

August31, 2026
August31, 2020
August31, 2027

Method ofrepayment

Collateral

To berepaid infull on theprincipal
repayment
date

Unsecured/Unguaranteed

Note:This document is a press release regarding borrowings, and has not been prepared as an inducement or invitation
for investment. We caution readers to refer to MHR’s Prospectus for the Issuance of New Investment Units andSecondary Offering of Investment Units and the Notices of Amendments thereto, and to undertake any investment
decision at their own judgment and responsibility.

1Lender(anticipated)

Sumitomo
Mitsui
BankingCorporation
Mizuho Bank,Ltd.

BorrowingamountInterestrate(million yen)

(Note 1)1,400

Baseinterest
rate +
0.300%

1,400

Baseinterest
rate +
0.250%

Scheduled
drawdown
date

Repaymentdate(Note 2)

August31, 2028
August31, 2020
August31, 2029

Method ofrepayment

Collateral

To berepaid infull on theprincipal
repayment
date

Unsecured/Unguaranteed(Note 1) The first payment date shall be the last day of November 2020 and subsequent payment dates shallbe 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 shallbe the date and if this next business day falls into the following month, the business day prior shallbe the payment date.
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: 5,200 million yen(2) Specific use of funds and scheduled payment perioda) Specific use of funds:
To be disbursed as part of funds for acquisitions of
the Assets to be Acquired, etc.
b) Amount:
5,200 million yenc) Scheduled payment period:
September 1, 2020
4. Borrowings, etc. after the Borrowings(Unit: millions of yen)

Beforethe Borrowings

Afterthe Borrowings

Long-term loans payable

162,222

167,4225,200

Investment corporation bonds

17,00017,0000Total interest-bearing debt

179,222

184,422

5,200

Change(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 ConcernedInformation
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-seventh fiscal
period submitted on April 24, 2020 as a result of the Borrowings.
MHR’s website address is https://www.mori-hills-reit.co.jp/en/

Note:This document is a press release regarding borrowings, and has not been prepared as an inducement or invitation
for investment. We caution readers to refer to MHR’s Prospectus for the Issuance of New Investment Units andSecondary Offering of Investment Units and the Notices of Amendments thereto, and to undertake any investment
decision at their own judgment and responsibility.

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