May 28, 2018
For Immediate Release
Infrastructure Fund Issuer
Takara Leben Infrastructure Fund, Inc.
Representative: Masahide Kikuchi,
Management Company
Takara Asset Management Co., Ltd.
Representative: Mamoru Takahashi,Contact:

Masahide Kikuchi,

Executive Director
Security Code: 9281

President & CEO
Vice President &Director ofInfrastructure Fund Division
TEL: 03-6262-6402

Notice Concerning Amendment of Scheduled Amounts of Borrowing
Takara Leben Infrastructure Fund, Inc. (hereinafter referred to as “Investment Corporation”) hereby announces
the decision to change a scheduled amount of Borrowing (hereinafter referred to as “Borrowing”).
I. Change of Scheduled Amounts of the Borrowing
As described on the press release “Notice Concerning Borrowing of Funds” dated May 10, 2018, the Investment
Corporation planned to execute the Borrowing in order to allocate part of the funds for acquisition of the Planned Acquisition
Assets (hereinafter referred to as “Planned Acquisition Assets”) as announced on the press release “Notice of Purchase andLease of Domestic Infrastructure Properties” dated May 10, 2018. However, since the conditions of issuance of new
investment were determined as announced on the press release “Notice regarding the Determination of Price and Other Itemof the Issuance of New Investment Units and Secondary Offering of Investment Units” dated May 21, 2018, the Investment
Corporation decided not to borrow the entire scheduled amount and change the scheduled amount of Borrowing as below.
The Investment Corporation concluded and determined that it is appropriate to change of scheduled amounts of Borrowing
since it contributes to reduce Borrowing-related costs and benefit Investment Corporation and investors.

1. Details of the Borrowing (Note 1)

CategoryLender

Pre-amended

Post-amended

scheduledscheduledInterest

amountamountRateborrowingborrowing(Note 2)

(Million Yen)

(Million Yen)

Date ofexecution

Borrowing method

Mizuho Bank

Longterm

Ltd. (Arranger)

Borrowings based on

Risona Bank Ltd.

the individual term

(Arranger)
Sumitomo Mitsui

3,040

3,024

Banking Corp

Base rate

June 1,+ 0.5%

2018

loan agreement(commitment type)dated May 18, 2018

(Co-arranger)

with the lenders

and syndicatedshown on the leftlenders.

Maturity date

Repayment
methodCollateralBusiness day
immediately
preceding the10thanniversary ofthe date of

Installment
repaymentUnsecuredin partand(Note 3)

unguaranteed

execution ofloans(Note 1) The Borrowing is subjected to satisfying all necessary preconditions on relevant agreements regarding execution of the financing and conclusive organization
approval of lenders regarding terms and conditions pm relevant agreements.
(Note 2) The fees for loans, among other charges, payable to the lenders are not included. The base rate applicable to the interest rate payable on the due date ofpayment of interest shall be the Japanese Yen TIBOR for six (6) months as of the day at least two business days prior to the date of execution of loans or eachdue date of payment of interest that the Japanese Bankers Association (JBA) TIBOR Administration publishes (hereinafter referred to as the “JBA 6-month
Japanese Yen TIBOR”). The said base rate shall be reviewed on each due date of payment of interest. However, if the rate for the period of calculation ofinterest is unavailable, the base rate shall be the interest rate for the relevant period calculated according to the method designated by the agreement. Inaddition, if such interest rate falls below 0%, the base rate shall be 0%. For the JBA 6-month Japanese Yen TIBOR, refer to the website of the JBA TIBOR
Administration (http://www.jbatibor.or.jp/rate/).
(Note 3) A part of the principal (the amount obtained by dividing the total sum of the Borrowing by 34) shall be repaid on the last day of May and November of eachyear (if the said last day is not a business day, it shall be repaid on the immediately following business day; and if the said immediately following business
day falls within the following month, it shall be repaid on the immediately preceding business day) with the date of the first installment payment being
November 30, 2018. The remainder of the principal shall be repaid on the maturity date in a lump sum.

2. Amount, purpose of use and schedule of expenditure of funds to be produced(1) Amount of funds to be procured
3,024,000,000 yen in total(2) Specific purpose of use of funds to be procured
For appropriation to part of the funds for acquisition of the Planned Acquisition Assets and expenses related thereto (including
national and local consumption taxes)(3) Schedule of expenditure
June 1, 2018

3. Status of loans, etc. after the Borrowings(Unit: million yen)
Before execution of loans

After execution of loans

described herein (as of May

described herein10, 2018)

ChangeShort-term loans (Note 1)

829

1,008

177

Long-term loans (Note 1)

12,683

15,1122,430

13,513

16,121

2,608--------

13,513

16,121

2,608

Total loans
Investment corporation bonds
Total sum of loans and investment-corporation bonds
Other interest-bearing debts
Total interest-bearing debts(Note 1) Short-term loans shall refer to loans payable for a period of one (1) year or less from the date of borrowing to the due date of payment. Long-term loans shallrefer to loans payable for a period of more than one (1) year from the date of borrowing to the due date of payment.
(Note 2) The figures indicated above have been rounded down to the nearest million yen.

II. Other Necessary matters for appropriate understanding and judgement of the information by investors
With respect to the risks associated with repayment of the Borrowings, etc., no change has been made to the content of “Part II.
Reference Information, II. Information Supplementary to Reference Documents, 3. Investment Risk” in the securities reportsubmitted on May 10, 2018.
End.

TIF Website: http://www.tif9281.co.jp/en/