May 10, 2018
For Immediate Release
Infrastructure Fund Issuer
Takara Leben Infrastructure Fund, Inc.
Representative: Masahide Kikuchi,
Management Company
Takara Asset Management Co., Ltd.
Representative: Mamoru Takahashi,Contact:

Masahide Kikuchi,

Executive Director
Security Code: 9281

President & CEO
Vice President &Director ofInfrastructure Fund Division
TEL: 03-6262-6402

Notice Concerning Borrowing of Funds
Takara Leben Infrastructure Fund, Inc. (hereinafter referred to as the “Investment Corporation”) announces thedecision to borrow funds as follows (hereinafter referred to as the “Borrowings”).
I. Borrowing of funds
1. Details of the Borrowings (Note 1)
ScheduledCategoryLenderamountInterestof Borrowings

Rate(Unit: million(Note 3)

Date ofexecution

Borrowing method

Maturity date

Repaymentmethod

Collateralyen) (Note 2)
Syndicate Loan:

Borrowings based on

Mizuho Bank

the individual term

Ltd. (Arranger)
Long-Risona Bank Ltd.

term(Arranger)
Sumitomo Mitsui
Banking Corp
(Co-arranger)

3,040

Base rate

June 1,+ 0.5%

2018

loan agreement(commitment type)dated May 18, 2018with the lenders
shown on the left

Business day
immediately
preceding theInstallment

10threpayment

anniversaryin partof the date of(Note 4)

execution ofloans(Note 1) The Borrowings described above are subject to the following conditions: Execution of relevant agreements reasonably satisfied under the conditionsof the financial institutions described in the section of “lender” above; satisfaction of the preconditions for execution of loans set forth in said
agreements; and final approval of the terms and conditions of the relevant agreements by the governing body of said financial institutions(Note 2) Scheduled amount of Borrowings are subjected to change, as outlined in the press release “Notice Concerning Issuance of New Investment Unitsand Secondary Offering of Investment Units” dated at May 10, 2018, prior to the execution date of the Borrowing(Note 3) The fees for loans, among other charges, payable to the lenders are not included. The base rate applicable to the interest rate payable on the due dateof payment of interest shall be the Japanese Yen TIBOR for six (6) months as of the day at least two business days prior to the date of execution ofloans or each due date of payment of interest that the Japanese Bankers Association (JBA) TIBOR Administration publishes (hereinafter referred toas the “JBA 6-month Japanese Yen TIBOR”). The said base rate shall be reviewed on each due date of payment of interest. However, if the rate forthe period of calculation of interest is unavailable, the base rate shall be the interest rate for the relevant period calculated according to the method

Unsecuredandunguaranteeddesignated by the agreement. In addition, if such interest rate falls below 0%, the base rate shall be 0%. For the JBA 6-month Japanese Yen TIBOR,
refer to the website of the JBA TIBOR Administration (http://www.jbatibor.or.jp/rate/).
(Note 4) A part of the principal (the amount obtained by dividing the total sum of the Borrowings by 34) shall be repaid on the last day of May and Novemberof each year (if the said last day is not a business day, it shall be repaid on the immediately following business day; and if the said immediately
following business day falls within the following month, it shall be repaid on the immediately preceding business day) with the date of the first
installment payment being November 30, 2018. The remainder of the principal shall be repaid on the maturity date in a lump sum.

2. Purpose of the Borrowings
For appropriation to part of the funds for acquisition of the Assets (hereafter referred to as “Purchase and Lease of Domestic
Infrastructures Acquisition Assets”), described in the press release “Notice regarding Acquisition and Lease of Domestic
Infrastructure Assets” dated May 10, 2018.
3. Amount, purpose of use and schedule of expenditure of funds to be produced(1) Amount of funds to be procured
3,040,000,000 yen in total(2) Specific purpose of use of funds to be procured
For appropriation to part of the funds for acquisition of the Planned Acquisition Assets and expenses related thereto(including national and local consumption taxes)(3) Schedule of expenditure
June 1, 2017
4. Status of loans, etc. after the Borrowings(Unit: million yen)
Before execution of loans
described herein (as ofAfter execution of loans

Changedescribed herein

May 10, 2018)
Short-term loans (Note 1)

829

1,009

180

Long-term loans (Note 1)

12,683

15,1272,444

13,513

16,1372,624---------13,513

16,137

2,624

Total loans
Investment corporation bonds
Total sum of loans and investment
corporation bonds
Other interest-bearing debts
Total interest-bearing debts(Note 1)

Short-term loans shall refer to loans payable for a period of one (1) year or less from the date of borrowing to the due date of payment. Long-term loans
shall refer to loans payable for a period of more than one (1) year from the date of borrowing to the due date of payment.

(Note 2)

The figures indicated above have been rounded down to the nearest million yenEnd.

TIF Website: http://www.tif9281.co.jp/en/