Translation of Japanese Original

July 22, 2022

To All Concerned Parties

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

Notice Concerning Debt Financing (Series 196)
Kenedix Office Investment Corporation (“the Investment Corporation”) announced today that the Investment
Corporation decided to undertake the debt financing (total of 3,200 million yen). Please see below for the details.
1. Outline of Debt Financing
Series196

LenderAmountSumitomo Mitsui BankingCorporation

3,200
millionyen

Interest Rate
(Note 1) (Note 2)

Base rate(JPY TIBOR
for 1 month)+0.17500%

Contract
Date

Drawdown
Date

July 27,
2022

July 29,2022

Principal
Repayment
Date (Note 1)

Collateral
Repayment
MethodAugust 31,
2022

Unsecured,
unguaranteed・Repaymentof principal
in full on
maturity date

Note 1: The interest payment is due at the end of August 2022. If the interest payment day or the principal repayment day is a non-business day,then the interest payment or the principal 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.
Note 2: The base rates that are applied during interest period for the interest due on each interest payment date for Series 196 shall be calculated
based on Japanese Yen TIBOR for 1 month, which JBA TIBOR Administration (“the JBATA”) releases two business days before eachinterest payment date. The Japanese Yen TIBOR of the JBATA is available on the JBATA website (https://www.jbatibor.or.jp/english/rate/).

2. Purpose of Debt Financing
Series 196 is to apply the fund towards the repayment of Series 104-E and 166-A with the principal repayment date ofJuly 29, 2022.
3. Status of Borrowings and Investment Corporation Bonds after the Debt Financing (as of July 29, 2022)(Millions of yen)

Short-Term Borrowings (Note 1)

Balance before
the Debt Financing
11,900

Balance after
the Debt Financing
15,100Long-Term Borrowings (Note 2)Classification

Difference+3,200190,050

186,850

Total Borrowings

201,950

201,950

0Investment Corporation Bonds

13,00013,0000214,950

214,950

0Total Borrowings and Investment Corporation Bonds-3,200Note 1: Short-term borrowings refer to debt financing with a period less than or equal to one year from the drawdown date to the principal repayment
date. However, the borrowings for which the period until the principal repayment date has surpassed one year because the principal
repayment date after one year from the drawdown date is not a business day, and for which the principal repayment date has been moved toa different business day, are included in short-term borrowings.

1Note 2: Long-term borrowings refer to debt financing with a period more than one year from the drawdown date to the principal repayment date.

4. 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 January 28, 2022).
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 July 22, 2022. However, no assurance
or warranties are given for the completeness or accuracy of this English translation.

2