<Provisional translation>
March 27, 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. Details of Debt Financing (Scheduled)Category

LenderShort-term Sumitomo Mitsuiborrowings Banking Corporation

Amount of debt
financing(millions of yen)

2,000Interest rate
Base interest rate
(JBA 1-monthJapanese Yen
TIBOR) + 0.15%
Variable interestrate

Drawdowndate

March 30,
2018

Lending andrepayment
methods
Unsecured/
non-guaranteed
Lump-sum
repayment

Maturity date

March 29,2019

Note: • Interest payment dates are the last day of every month with the first payment date being April 27, 2018 (or theprevious business day if the applicable date is a non-business day of the bank). Base interest rate applied on theinterest to be paid on interest payment date will be JBA 1-month Japanese Yen TIBOR as of two days prior to themost 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 of March 26, 2018 is 0.05545%).
• 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. As forchanges to the applicable base interest rate, please refer to the website of JBA TIBOR Administration.

2. Reason for Debt Financing
The funds will compensate the cash on hand, etc. allocated for the acquisition of new specified assets,(Tentative name) MANDAI Nigawa Store (site) and LAMU Higashiosaka Branch (site), described in “NoticeConcerning Acquisition of Domestic Real Estate” separately announced today.

13. Total Amount to be Procured, Use of Funds and Scheduled Expenditure Date(1) Amount to be procured
2,000 million yen (planned)(2) Specific use of the funds to be procured
For the acquisition of the new specified assets described in above “2. Reason for Debt Financing,” cashon hand etc., and part of security deposits and guarantees were used. The funds procured by the Debt
Financing will compensate the above security deposits and guarantees.
(3) Expenditure Date (Scheduled)
March 30, 2018
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

8,200

10,200＋2,000Long-term borrowings (Note)

53,70053,700±0

Total debt financing

61,90063,900＋2,000Investment corporation bonds

4,000

4,000±0

Total interest-bearing debt

65,90067,900＋2,000(Note) Long-term borrowings are borrowings with a repayment term (from the drawdown date until the maturity date)exceeding one year.

5. Other
The 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 “Investment Risks”
stated in the Securities Report for the 25th fiscal period (submitted on February 27, 2018).

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