NEWS RELEASE

Japan Real Estate Investment Corporation

June 17, 2016
To whom it may concern:<Investment Corporation>
Japan Real Estate Investment Corporation
Hiroshi Nakajima, Executive Director(TSE code: 8952)<Asset Management Company>
Japan Real Estate Asset Management Co., Ltd.
Naoki Umeda, President & CEO
Contact: Ryuta Yoshida,
Executive Officer, General Manager, Planning Department
Phone: +81-3-3211-7951

Notice concerning New Loans

Japan Real Estate Investment Corporation hereby announces its decision on June 17, 2016 to procure
funds as follows:

1. Reason for drawing down of loans
To allocate a part of the funds for repayment of the existing long-term loans of ¥24 billion executed onJune 23, 2011 (Note 1).

2. Details of the loan
(1) Start of loan period:
June 23, 2016
(2) Amount of loan:¥20 billion (Note 1)(3) Lender, amount of loan, and principal repayment date:Mizuho Bank, Ltd.

¥5,000 million

Principal repayment date(pre-payment possible)
December 26, 2016

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

¥5,000 million

December 26, 2016

Sumitomo Mitsui Trust Bank, Limited¥5,000 million

December 26, 2016

Mitsubishi UFJ Trust and Banking Corporation¥5,000 million

December 26, 2016

Lender(4) Interest rate:(5) Borrowing method:(6) Interest payment date:(7) Repayment of principal:

Amount of loan

Base rate (1-month JPY TIBOR by “JBA” (Japanese BankersAssociation ) )+ 0.04% (Note 2)
Loan based on overdraft agreements concluded with each lender
Unsecured/unguaranteed loan
23rd of every month until the principal repayment date (Note 3)
Payment in full on the principal repayment date(pre-payment possible)1(Note1) ¥4 billion out of the total amount for scheduled repayment of the existing long-term loans of ¥24 billion will
be paid by own funds.
(Note2) ･ Base rate to calculate the interest to pay on an interest payment day is 1-month JPY TIBOR released byJBA two business days before the interest payment date. (1-month JPY TIBOR by JBA on June 17, 2016 is0.03364%)･ Please refer to JBA TIBOR administration’s website (http://www.jbatibor.or.jp/english/rate/) for more
information regarding Japanese Yen TIBOR of JBA.
(Note3) In the event that the interest payment date does not fall on a business day, the interest shall be paid on thefollowing business day. If the following business day, however, falls in the following month, the payment
shall be made on the preceding business day of the interest payment date.

3. Balance of interest-bearing debt after the new loans(Units: millions of yen)
Before new loans
Short-term loans
Current portion of
long-term loans
Long-term loans(except for current portion)
Total loans
Current portion of
investment corporation bonds
Investment corporation bonds(except for current portion)
Total
investment corporation bonds
Total interest-bearing debts

After new loans

Increase/Decrease

25,70045,700＋20,000

63,90039,900－24,000

250,800

250,800±0340,400

336,400－4,00000±020,000

20,000±020,000

20,000±0360,400

356,400－4,0004. Others
Regarding loan repayment related risks, there is no important change to the “Investment risks”
description in the latest securities report submitted on December 24, 2015.

This notice is the English translation of the announcement in Japanese dated June 17, 2016.
However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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