April 27, 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 of
Infrastructure Fund Division
TEL: +81-3-6262-6402

Notice Concerning Completion of Borrowing of Funds
Takara Leben Infrastructure Fund, Inc. (hereinafter referred as the “Investment Corporation”) announces today thatit completed the borrowing of the fund (the “Borrowing”), as stated to “Notice Concerning Borrowing of Funds”,
released on November 28, 2017.
I. Borrowing of funds
1. Details of the Borrowing
ScheduledCategory

Lenderamount ofBorrowings

Interest rate(Note 1)

Date ofexecution ofBorrowings

Borrowing

Maturity

Repayment

Methoddatemethod

Collateral

Borrowings
based on theindividual term

Mizuho Bank, Ltd.
Longterm

Risona Bank, Ltd475

SumitomoMitsui

MillionyenBanking Corporationloan agreement
Base interest
rate + 0.5%

April 27, 2018.

Installment(commitmentNovember

repaymenttype) dated

30. 2027

in partNovember 28,(Note 2)2017 with thelenders shownon the left
(Note 1) 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 dateof payment 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 ofloans or each due date of payment of interest that the Japanese Bankers Association (JBA) TIBOR Administration publishes (hereinafter referred toas 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 forthe period of calculation of interest is unavailable, the base rate shall be the interest rate for the relevant period calculated according to the method
designated by the agreement. In addition, if such interest rate falls below 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: The purpose of this press release is to publicly announce the borrowing of funds by the Investment Corporation. It
was not prepared for the purpose of soliciting an investment.

Unsecuredandunguaranteed

(Note 2) A part of the principal (the amount obtained by dividing the total sum of the Borrowings by 34) shall be repaid on the last day of May andNovember of each year (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 May 31, 2018. The remainder of the principal shall be repaid on the maturity date in a lump sum.

2. Reason for the Borrowing
Since it is expected to satisfy all of the preconditions for executions of the Borrowing, which is announced bysection I. “Overview of Amendment” in the press release “Notice regarding Amendment to the Individual Term
Loan Agreement (Commitment Type)” dated February 27, 2018, the Investment Corporation decided the date ofexecution of the Borrowing on April 27, 2018 and executed the Borrowing.
3. Amount and purpose of use of expenditure of funds(1)
Amount of funds
475,000,000 yen in Total(2)
Specific purpose of use of funds
For appropriation to part of the funds for acquisition of the asset (Note) and expenses related thereto(including national and local consumption taxes).
(Note) The acquisition asset is LS Shizuoka Omaezaki and please refer to the press release “Notice of Purchase and Lease of Domestic Infrastructure
Properties” dated November 28, 2017, and “Notice concerning of Partial Amendment to the Sales and Purchase Agreement regarding Domestic
Infrastructure Property and Determination of Scheduled Acquisition Date” dated February 27, 2018 for the details.

4. Status of loans, etc. after the Borrowings（Unit: million yen）

Before execution of loans
described herein (as ofApril 26, 2018)

After execution of loans
described herein

Short-term loans (Note 1)

802

829

27

Long-term loans (Note 1)

12,235

12,683448

13,037

13,512475---

13,037

13,512475---

13,037

13,512475

Total loans
Investment corporation bonds
Total sum of loans and investment
corporation bonds
Other interest-bearing debts
Total interest-bearing debts

Change(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-termloans shall refer 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 judgment of the information by investors
With respect to the risks associated with repayment of the Borrowings, etc., no change has been made to the contentof “Part I. Fund Information, I. State of Funds, 3. Investment Risk” in the securities report submitted on February 27,2018.
End.

*Website in English: http://www.tif9281.co.jp/en/

Note: The purpose of this press release is to publicly announce the borrowing of funds by the Investment Corporation. It
was not prepared for the purpose of soliciting an investment.