February 18, 2020
Provisional translation only
Fukuoka REIT Corporation
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Etsuo Matsuyuki
CEO & Representative Director(Securities Code: 8968)
Asset Management Company:
Fukuoka Realty Co., Ltd.
1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City
Etsuo Matsuyuki
CEO & Representative Director
Inquiries:
Keishi Tamura
General Manager of Finance Department
TEL: +81-(0)92-272-3900
Notice Concerning Borrowing of Funds and Interest Rate Swap Transaction
Fukuoka REIT Corporation announces that it will conduct the borrowing of funds and has executed an interestrate swap transaction, as described below.
1. Borrowing of funds
1) Reason for borrowings
Refinancing on existing borrowings
2) Outline of borrowings
Borrowing 1 (long-term debt)
1. Lender: The Nishi-Nippon City Bank
2. Amount: 2.5 billion yen
3. Interest rate: Base interest rate (JBA 3-month Japanese Yen TIBOR) +0.35% (Note1)
4. Drawdown date: February 28, 2020
5. Borrowing method: Loan agreement concluded on February 26, 2020
6. Repayment date: February 28, 2030
7. Repayment method: Lump-sum upon maturity
8. Description: No collateral, No guarantee
Borrowing 2 (long-term debt)
1. Lender: Mizuho Bank
2. Amount: 1.7 billion yen
3. Interest rate: To be determined (Note2) / Fixed rate
4. Drawdown date: February 28, 2020
5. Borrowing method: Loan agreement concluded on February 26, 2020
6. Repayment date: February 28, 2030
7. Repayment method: Lump-sum upon maturity
8. Description: No collateral, No guarantee(Note1) The applied base interest rate is the JBA 3-month Japanese Yen TIBOR two business days before the last day of February, May,August, and November every year. (The repayment date will be the following business day if the date falls on a non-business day or thepreceding business day if the date fall into the next month) Moreover, JBA Japanese Yen TIBOR can be checked on the website of JBA
TIBOR Administration. http://www.jbatibor.or.jp/english/ (Note2) Interest rate will be announced once determined.

- 1 -3) Outline of refinancing
Refinancing 1
1. Lender: The Nishi-Nippon City Bank
2. Amount: 2.5 billion yen
3. Repayment date: February 28, 2020
4. Repayment method: Lump-sum upon maturity
5. Description: No collateral, No guarantee
Refinancing 2
1. Lender: Mizuho Bank
2. Amount: 1.7 billion yen
3. Repayment date: February 28, 2020
4. Repayment method: Lump-sum upon maturity
5. Description: No collateral, No guarantee
2. Interest rate swap transaction
1) Reason for the execution of interest rate swap transaction
To hedge risk of interest rate volatility by converting the floating interest rates payable to fixed interest
rates for part of the borrowings over the period until the repayment date.
2) Outline of interest rate swap transaction
1. CounterpartyThe Nishi-Nippon City Bank
2. Notional Amount
2.5 billion yen
Fixed interest
To be announced (Note3)
rate for payment
3.Interest rate
Floating interest
Base interest rate (JBA3-month Japanese yen TIBOR)+0.35％
rate for receipt
4. Commencement dateFebruary 28, 2020
5. Termination dateFebruary 28, 2030
6. Payment date
Fixed interest rate for payment and floating interest rate for receipt are dueon February 28, 2030. The first payment will be made at the end of May
2020, and on the last day of February, May, August, and November everyyear. (the repayment date will be the following business day if the date falls
on a non-business day or the preceding business day if the date fall into thenext month)(Note3) Interest rate will be announced once determined.

3. Status of Debt after Borrowing(unit: mm yen)

Before borrowing

After borrowing

ChangeShort-term debt

000

Long-term debt

72,50072,5000［5,200］［1,000］Total

72,50072,5000Investment Corporation Bonds

5,000

5,0000Interest-bearing debt

77,50077,500

0Of which, long-term debt payable due
within one year- 2 -［（4,200）］

4. Others
Concerning risks related to repayments of this borrowing, etc., there are no material changes from the“Investment risks” disclosed in the latest Securities Report for the 30th Fiscal Period (submitted on November28, 2019).
*This document was distributed to Kabuto Club (press club within the Tokyo Stock Exchange), Press Club for
the Ministry of Land, Infrastructure, Transport and Tourism, Construction Trade Paper Press Club for theMinistry of Land, Infrastructure, Transport and Tourism, Fukuoka Economic Press Club, and Fukuoka Securities
Finance Press Club.
*Fukuoka REIT Corporation’s website is https://www.fukuoka-reit.jp/eng/- 3 -