Make The World
More Sustainable[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

May 28, 2024
IssuerIchigo Office REIT Investment Corporation (“Ichigo Office,” 8975)
2-6-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Keisuke Chiba, Executive Director
www.ichigo-office.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Yuji Kamo, Head of Ichigo OfficeTel: +81-3-4485-5231

Interest Rate Swaps
Ichigo Office has fixed the interest rates for the first payment date of the six loans
announced in the May 20, 2024 release “New Loans for Acquisition of Office Assets,” andhas executed interest rate swaps to lock in the interest rates on the five floating-rate loans.
1. Interest Rates (Total JPY 8,500 million)(1) Floating-rate loans (Total JPY 7,600 million)
Loan Date

May 30, 2024

LenderLoanRepayment
Interest Rate forAmountDate
First Payment(JPY million)(Loan Term)

SMBC

3,300Mizuho Bank

2,000

Aozora Bank

1,000

SBI Shinsei Bank

1,000

SBI Shinsei Bank300

0.83325%(p.a.)1,2

0.71325%(p.a.)1, 2

Repayment
Terms

Collateralized

Lump-sum
repaymentNo

Apr 25, 2031
(6.91 years)

Apr 25, 2029
(4.91 years)

Disclaimer: This press release has been prepared for the purpose of announcing to the public certain matters relating to interest rate swaps, and has not been prepared
for the purpose of solicitation of investment.

1(2) Fixed-rate loan (Total JPY 900 million)
Loan DateLender

May 30, 2024

MUFG Bank

LoanRepayment
Interest Rate forAmountDate
First Payment(JPY million)(Loan Term)

Repayment
Terms

Collateralized

Apr 25, 2029
(4.91 years)

Lump-sum
repayment

No900

1.31656%(p.a.)2

1

The term for the first interest payment date is May 30, 2024 through July 25, 2024.

2Interest payment date is the 25th of every third month following the first interest payment date (thefirst payment date will be July 25, 2024 and the last payment date will be the same as the principal
repayment date). In the event the interest payment date is not a business day, payment shall be madeon the following business day. If the following business day falls into the following month, payment
shall be made on the previous business day. Ichigo Office will announce the interest rate after it isdetermined.
Note: The base rate for the loans will be JPY TIBOR as published by the Japanese Bankers
Association (JBA) two business days before each interest payment date. For current JPY TIBOR
rates, please visit the JBA’s website: www.jbatibor.or.jp/english/rate
2. Swap Details
Details of interest rate swaps on floating-rate loans (Total JPY 7,600 million)
Counterparty

Notional(JPY million)

Mizuho Bank

7,300

Contract Start
Date

Contract End
Date

Fixed
Interest Rate(Pay)

Floating
Interest Rate(Receive)Apr 25, 2031
(6.91 years)

1.65300%

3M JPY TIBOR+0.61% (p.a.)Apr 25, 2029
(4.91 years)

1.38700%

3M JPY TIBOR+0.49% (p.a.)

May 30, 2024
Aozora Bank300

3. Earnings Impact
The impact of the new loans and the interest rate swaps has already been factored into
Ichigo Office’s May 20, 2024 release “Upward Earnings Forecast Revision for the October
2024 Fiscal Period.”
4. OtherRisks related to the new loans have no material impact on the investment risks described in“Section 2: Reference Information, Part 2: Supplementary Information of Documents for
Reference, 3: Investment Risks” of the Securities Registration Statement submitted on May
20, 2024.

Disclaimer: This press release has been prepared for the purpose of announcing to the public certain matters relating to interest rate swaps, and has not been prepared
for the purpose of solicitation of investment.

2