<Provisional translation>
September 18, 2015

For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative
Director
Contact:
Akihisa Nakano
General Manager, Corporate Planning Dept.
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Debt Financing
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces its decision made today to undertake debt financing
as described below.

1. Reason for debt financing
These funds will be allocated for the repayment of 1,200 million yen in borrowings that was executed on
September 28, 2012.

2. Details of Debt Financing (Scheduled)Category

Long-term
borrowing

LenderAmount ofdebt
financing(millions ofyen)

Sumitomo Mitsui
1,200
Trust Bank, Limited.

Interest rate(Note)

Base interest
rate (JBA 3month Japanese
Yen TIBOR) +0.35%
Variable interest
rate

Drawdown
date

September
30, 2015

Lendingand
repayment
methods

Unsecured/ nonguaranteed
Lump-sum
repayment

Maturity
date

September
30, 2024(Note) • Interest payment dates of borrowings are the last day of every March, June, September and December with thefirst payment date being December 30, 2015 (or the previous business day if the applicable date is a non-business
day of the bank). Base interest rate applied on the interest to be paid on interest payment date will be JBA 3month Japanese Yen TIBOR as of two days prior to the most recent interest payment date (in case of firstpayment, this will be the drawdown date) of each interest payment date. (The JBA 3-month Japanese Yen TIBOR
as of September 17, 2015 is 0.17091%.)• The JBA 3-month Japanese Yen TIBOR can be referenced on the website of the JBA TIBOR Administration:
http://www.jbatibor.or.jp/english/rate/• In the future, Hankyu REIT will not provide notification regarding the determination of interest rates related to theaforementioned borrowing. As for changes to the applicable base interest rate, please refer to the website of theabove-mentioned.

13. Use for funds
Capital for repayment of borrowing below
Category

LenderLong-term
borrowing

Sumitomo Mitsui

Amount of debt
financing(millions of yen)

Drawdown
date

September 28,20121,200
Trust Bank, Limited.

Lending
andrepayment methods

Maturity dateUnsecured/ nonguaranteed

September 30,
2015

Lump-sum repayment

4. Balance of Interest-bearing Liabilities After Execution of Debt Financing
Before execution of
the debt financing

After execution of
the debt financing(millions of yen)(millions of yen)

Short-term borrowings

Change(millions of yen)--±0Long-term borrowings (Note)

55,90055,900±0

Total debt financing

55,90055,900±0

Investment corporation bonds

6,000

6,000±061,900

61,900±0

Total interest-bearing liabilities(Note) Long-term borrowings are loans with a repayment term (from the drawdown date until the maturity date) exceeding one year.

5. Others
The risks associated with this debt financing, such as risks of repayment, have not changed in any material way from the“Investment Risks” stated in the most recent Securities Report (submitted on August 25, 2015).
•Hankyu REIT website: http://www.hankyu-reit.jp/eng/2