December 20, 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
Securities Code: 9281

President & CEO
Vice President & Director of
Infrastructure Fund
Division, Investment
Management Department
TEL: +81-3-6262-6402

Notice regarding the Determination of Number of New Investment Units
to be Issued through Third Party Allotment
Takara Leben Infrastructure Fund, Inc. (hereinafter referred to as the “Investment Corporation”) hereby announcesthat the Investment Corporation received a notice from the allottee that it will subscribe to part of the investment units
to be issued through the third party allotment (the “third party allotment”) as resolved together with the issuance of
new investment units through a public offering and the secondary offering of investment units (over-allotment), at theBoard of Directors meetings held on November 6, 2019 and on November 20, 2019. The details are as follows.
(1)
(2)
(3)

Total number of investment

1,856 units

units to be issued:(Number of investment units originally scheduled to be issued: 2,670 units)

Total paid-in amount

215,650,496 yen(issue amount)(116,191 yen per unit)

Subscription period

December 24, 2019 (Tuesday)(Subscription deadline)(4)

Payment date

December 25, 2019 (Wednesday)(5)

Allottee

A domestic underwriter

Note: This press release is prepared for the public offering disclosure of determination of of the number of new investment
units to be issued through third party allotment of Investment Corporation, and is not an offer to sell or a solicitation of
any offer to buy the securities of Investment Corporation in the United States or elsewhere. Investment units may not beoffered or sold in the United States without registration or an exemption from registration under the United States
Securities Act of 1933, as amended (the “Securities Act”). Any public offering of investment units to be made in theUnited States will be made by means of an English-language prospectus prepared in accordance with the Securities Act
that may be obtained from the Investment Corporation and that will contain detailed information about the Investment
Corporation and its management, as well as the Investment Corporation ’s financial statements. However, the Investment
Corporation will not undertake any offering or sale in the United States, public or otherwise, of investment units, whichhave not been and will not be registered under the Securities Act.

1

<Reference>
1. The third party allotment was resolved together with the issuance of new investment units through a public offeringand the secondary offering of investment units (over-allotment), at the Board of Directors meetings held on November
6, 2019 and on November 20, 2019. For further details of the issuance of new investment units through the third party
allotment, please refer to the press release “Notice Concerning Issuance of New Investment Units and Secondary
Offering of Investment Units” dated November 6, 2019 and “Notice regarding the Determination of Price and Other
Item of the Issuance of New Investment Units and Secondary Offering of Investment Units” dated November 20, 2019.
2. Total Number of Issued Investment Units after the Third Party Allotment.
Current total number of issued investment units:
Increase in the number of investment units from the third party allotment:
Total number of issued investment units after the third party allotment:

191,974 units
1,856units
193,830units

3. Specific Purpose of Funds to be Procured through the Third Party Allotment
The proceeds amount of 215,650,496 yen from the issuance of new investment units through the third party
allotment will be used for repayment for the loan to acquire the planned properties as described in the press release“Notice Regarding Acquisition and Lease of Domestic Infrastructure Projects” dated November 6, 2019 or deposited asfund on hand with which to acquire specified assets in future.
(Note) Procured funds are planned to be deposited in financial institutions until its payment for intended use.

EndOur website：http://tif9281.co.jp/en/

Note: This press release is prepared for the public offering disclosure of determination of of the number of new investment
units to be issued through third party allotment of Investment Corporation, and is not an offer to sell or a solicitation of
any offer to buy the securities of Investment Corporation in the United States or elsewhere. Investment units may not be
offered or sold in the United States without registration or an exemption from registration under the United States
Securities Act of 1933, as amended (the “Securities Act”). Any public offering of investment units to be made in theUnited States will be made by means of an English-language prospectus prepared in accordance with the Securities Act
that may be obtained from the Investment Corporation and that will contain detailed information about the Investment
Corporation and its management, as well as the Investment Corporation ’s financial statements. However, the Investment
Corporation will not undertake any offering or sale in the United States, public or otherwise, of investment units, whichhave not been and will not be registered under the Securities Act.

2