<Provisional translation>
February 21, 2018For

For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Hiroshi Yoshida
General Manager, IR and Public Relations Department
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Debt Financing
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces its decision made today to undertake debt
financing (hereafter the “Debt Financing”) as described below.

1. Reason for debt financing
These funds will be allocated for the repayment of 2,000 million yen in borrowings that was executed on
February 28, 2013.

2. Details of Debt Financing (Scheduled)Category

LenderLong-term
Mizuho Bank, Ltd.
borrowings

Mitsubishi UFJ
Short-term
Trust and Banking
borrowings
Corporation

Amount of debt
financing(millions of yen)

1,000Interest rate

Drawdowndate

Lendingandrepayment
methods

February 29,
2028

Not determined
Fixed interest rate

1,000

Base interestRate(JBA 1-monthJapanese YenTIBOR) + 0.15%

Maturity
date

February 28,
2018

Unsecured/non-guaranteed
Lump-sum
repayment

February 28,
2019

Variable interest
rate
Total

2,000

Note : • As for long-term borrowings, interest payment dates are the last day of every February and August with thefirst payment date being August 31, 2018 (or the previous business day if the applicable date is a nonbusiness day of the bank). The interest rate is scheduled to be determined on February 26, 2018. They will beannounced once they are determined.
• As for short-term borrowings, interest payment dates are the last day of every month, with the first payment
date being March 30, 2018 (or the previous business day if the applicable date is a non-business day of thebank). Base interest rate applied on the interest to be paid on interest payment date will be JBA 1-month
Japanese Yen TIBOR as of two days prior to the most recent interest payment date (in case of first payment,
this will be the drawdown date) of each interest payment date. (The JBA 1-month Japanese Yen TIBOR as ofFebruary 20, 2018 is 0.05545%).

1• The JBA 1-month Japanese Yen TIBOR can be referenced on the website of the JBA TIBOR Administration:
http://www.jbatibor.or.jp/english/rate/• In the future, Hankyu REIT will not provide notification regarding the determination of variable interest rate. Asfor changes to the applicable base interest rate, please refer to the website of JBA TIBOR Administration.

3. Use for funds
Capital for repayment of borrowings below
Category

LenderMizuho Bank, Ltd.
Long-term
borrowings

Amount of debt
financing(millions of yen)

Drawdowndate

Lendingandrepayment
methods

Maturity
date

February 28,
2013

Unsecured/
non-guaranteed
Lump-sum
repaymentFebruary 28,2018

1,000

Mitsubishi UFJ
Trust and Banking
Corporation

1,000Total

2,000

4. Balance of Interest-bearing Debt after Execution of Debt Financing
Before execution ofdebt financing(millions of yen)

After execution ofdebt financing(millions of yen)

Change(millions of yen)

Short-term borrowings

7,200

8,200

+1,000Long-term borrowings (Note)

54,70053,700-1,000Total debt financing

61,90061,900±0

Investment corporation bonds

4,000

4,000±0

Total interest-bearing debt

65,90065,900±0(Note) Long-term borrowings are borrowings with a repayment term (from the drawdown date until the maturitydate) exceeding one year.

5. OtherThe risks associated with the Debt Financing, such as risks of repayment, have not changed in any
material way from the “risks associated with the fund procurement through additional issuance of new
investment units, debt financing and issuance of investment corporation bonds” in the “InvestmentRisks” stated in the Securities Registration Statement submitted on January 25, 2018.

•Hankyu REIT website: http://www.hankyu-reit.jp/eng/2