June 26, 2019
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: +81-3-6262-6402

Notice Concerning the Borrowing of Funds
Takara Leben Infrastructure Fund, Inc. (hereinafter referred to as the “Investment Corporation”) hereby
announces the decision to borrow funds (hereinafter referred to as the “Borrowing”) as follow.
I. Borrowing of funds
1. Details of the Borrowing (Note 1)
Scheduledamount
CategoryLenderof theBorrowing(Unit: millionInterestrate(Note 2)

Date ofexecution

Borrowing method

Maturity date

Repayment
methodCollateralyen)
Borrowing based on
the individual termLong-Shinsei Bank,term

Limited700

Base rate

June 28,+ 0.5%

2019

loan agreement

May 31,(commitment type)2029

dated June 28, 2019

(Note 3)

with the lenderInstallment
repaymentin part(Note 4)

shown on the left(Note 1) The Borrowing described above is subject to satisfy the preconditions for execution of loans set forth in said 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 of payment of interest shall be the Japanese Yen TIBOR for six (6) months as of the day at least two businessdays prior to the date of execution of loans or each due date of payment of interest that the Japanese Bankers Association (JBA) TIBOR Administration publishes (hereinafterreferred 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 ofcalculation 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 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/).

Unsecuredandunguaranteed

(Note 3) If the maturity date 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(Note 4) 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 each year (if the said lastday 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, 2019. The remainder of the principal shall berepaid on the maturity date in a lump sum.
(Note 5)Through the execution of the interest rate swap agreement, the interest rate are practically fixed

2. Purpose of the Borrowing
For appropriation to part of the funds for acquisition of the Asset (hereafter referred to as “Purchase and Lease of Domestic Infrastructures
Acquisition Asset”), described in the press release “Notice of Purchase and Lease of Domestic Infrastructure Property” dated June 26, 2019.
3. Amount, purpose of use and schedule of expenditure of funds to be produced(1) Amount of funds to be procured
700,000,000 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 Asset and expenses related thereto (including
national and local consumption taxes)(3) Schedule of expenditure
June 28, 2019
4. Status of loans, etc. after the Borrowing(Unit: million yen)
Before execution of loans
described herein (as ofAfter execution of loans

Changedescribed herein

June 26, 2019)
Short-term loans (Note 1)

1,008

1,049

41

Long-term loans (Note 1)

14,096

14,755658

15,10515,805

700

-

-

-

15,10515,805

700

-

-

-

15,10515,805700

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 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. Others items required for investor’s appropriate understanding and judgment regarding the concerned information
With respect to the risk of the repayment of the borrowing, there are no significant changes from the security registration statement
submitted on February 27, 2019End.

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