<For translation purposes only>

For Immediate Release

July 13, 2012

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:
Yoshihiro Nakano
General Manager, Corporate Planning Dept.
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 as
described below.
1. Reason for Debt Financing
These funds will be allocated towards the repayment of 3,500 million yen in borrowing, which becomes due on July 23
2012.
2. Details of Debt Financing (Anticipated)

Category

LenderAmount of debt
financing(millions of yen)Interest rate(Note)

Execution
date of loan

Lending
method,repayment
methodRepayment
term

Reference interest
rate (JBA 3-month

Short-termborrowing

1,000

July 23, 2013

Japanese YenTIBOR) + 0.65%

Sumitomo MitsuiBankingCorporationLong-term
debt

Unsecured/
non-guaranteed

Variable interest
July 23, 2012
Reference interest2,500rate (JBA 3-month
Japanese Yen

Bulletrepayment
July 24, 2017

TIBOR) + 0.80%
Variable interest
Total

3,500(Notes) • Interest payment dates of short-term borrowing are October 23, 2012, January 23, 2013, April 23, 2013, and July 23, 2013.
• Interest payment dates of long-term debt are January 23, April 23, July 23 and October 23 of every year with the firstpayment date being October 23, 2012 (or the following business day if the said date is a non-business day, or the previous
business day if the following business day is in the next month).

1• The reference interest rate that will be adopted for the interest paid on the interest payment date shall be the JBA 3-month
Japanese Yen TIBOR of the day two business days before the interest payment date directly preceding the relevant interest
payment date (or the execution date of loan if it is the first interest payment date). (Effective July 12, 2012, the JBA 3-month
Japanese Yen TIBOR is 0.33667%.)• The JBA 3-month Japanese Yen TIBOR can be referenced at the Japanese Bankers Association’s website:
http://www.zenginkyo.or.jp/en/tibor/• In the future, Hankyu REIT will not provide notification regarding the determination of interest rates related to the aforesaidborrowing. To check for changes to the applicable reference interest rate, please go to the Japanese Bankers Association’s
website.

3. Use of Funds
Capital for repayment of borrowing below
Category

LenderLong-term
debt

Sumitomo Mitsui
Banking
Corporation

Amount of debt
financing(millions of yen)

Execution
date of loan

3,500

January 21,
2009

Lending method,
repayment
methodUnsecured/
non-guaranteed

Repaymentterm

July 23, 2012

Bullet repayment

4. Balance of Interest-bearing Debt After This Debt Financing
Before execution ofthis loan(millions of yen)

After execution ofthis loan(millions of yen)

Change(millions of yen)

Short-term borrowing

6,500

7,500

+1,000Long-term debt (Note)

44,40043,400-1,000Total debt financing

50,90050,900±0

Investment corporation bonds

6,000

6,000±0

Total interest-bearing debt

56,90056,900±0(Note) Long-term debts are loans with a repayment term (from loan execution date until the due date) that exceeds one year.

5. Other Matters Pertinent to the Appropriate Understanding and Judgments of Investors Concerning the Above
Information
The risks associated with this debt financing, such as risks of repayment, have not changed in any material way fromthe “Investment Risks” stated in the most recent Securities Report (submitted on February 23, 2012).

•The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), Osaka
Securities Exchange, Ministry of Land, Infrastructure, Transport and Tourism, and to the press club of the construction trade
newspaper of the Ministry of Land, Infrastructure, Transport and Tourism.

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

2