March 4, 2021
For Immediate Release

Real Estate Investment Trust Securities Issuer
1-6-5 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Estate Logistics REIT Investment Corporation
Representative: Masaki Sakagawa, Executive Director(Securities Code: 3481)
Asset Management Company
Mitsubishi Jisho Investment Advisors, Inc.
Representative: Haruhiko Araki, President & CEO
Contact:
Masaki Sakagawa, Executive Vice
President, General Manager, Logistics
REIT Management Department
TEL: +81-3-3218-0030

Notice Concerning Debt Financing (including “ESG Loan for J-REIT” from MUFG Bank, Ltd. and“SDGs Green Loan” from Sumitomo Mitsui Banking Corporation)
Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) announced today its decision to obtain debt financing(the “Borrowings”) as outlined below. The SDGs (Note) Green Loan to be procured from Sumitomo Mitsui Banking
Corporation will be executed on the basis of an evaluation of a project to be mainly financed by the loan in accordancewith a loan framework which has been evaluated by a third party evaluation organization.
(Note) The SDGs stand for the Sustainable Development Goals, the international goals for a better and more sustainable world by 2030, as stated inthe "2030 Agenda for Sustainable Development" adopted at the United Nations Summit in September 2015.

1.

Details of the Borrowings

Category(Note 1)

Lender

MUFG Bank, Ltd.

BorrowingAmount(Millions ofyen)

Interest Rate

1,800

Base interest rate
+0.090%(floating rate)(Note 3) (Note 4)

Borrowing
Date

Shortterm
900
Mizuho Bank, Ltd.
800
(Note 5)
Sumitomo Mitsui Banking
Corporation(SDGs Green Loan)

Longterm

1,350

Shinkin Central Bank

900

The Norinchukin BankThe Chiba Bank, Ltd.

1,700

Base interest rate
+0.070%(floating rate)(Note 3) (Note 4)0.210%(fixed rate)(Note 6)
Base interest rate+ 0.265%(fixed rate)(Note 3) (Note 6)(Note 7)
Base interest rate+ 0.300%(fixed rate)(Note 3) (Note 6)(Note 7)Mar. 9,2021

Borrowing
MethodRepayment
Date(Note 2)

Borrowing basedon the overdraft
agreement dated
Sept. 12, 2017,
entered into withthe lender shownon the left
Borrowing basedon the overdraft
agreement dated
Aug. 13, 2018,
entered into withthe lender shownon the left

Mar. 9,2022

Mar. 9,2025
Borrowing basedon an individual
term loan
agreement dated
Mar. 4, 2021,
entered into withthe lenders
shown on the left

Repayment
MethodCollateral

Paid infull uponmaturity

Unsecuredand nonguarantee
dMar. 9,2027

Mar. 9,2028

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may not
be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above
will not be offered or sold, publicly or otherwise, in the United States.

1Category(Note 1)

LenderThe Bank of Fukuoka, Ltd.
The 77 Bank, Ltd.
THE NISHI-NIPPON CITY
BANK, LTD.

Longterm

BorrowingAmount(Millions ofyen)

1,500

Mizuho Bank, Ltd.

1,050

MUFG Bank, Ltd.
(ESG Loan for J-REIT)(Note 9)1,000

Yamaguchi Bank, Ltd.

Total

1,000

Interest Rate

Borrowing
Date

Base interest rate
+ 0.340%(fixed rate)(Note 3) (Note 6)(Note 7)
Base interest rate+ 0.190%(fixed rate)(Note 3) (Note 6)(Note 8)Base interest rate
+ 0.200%(fixed rate)(Note 6) (Note 10)0.650%(fixed rate)(Note 6)

Mar. 9,2021--

12,000Borrowing
MethodRepayment
Date(Note 2)

Repayment Method

Collateral

Paid infull uponmaturity

Unsecuredand nonguaranteed--Mar. 9,2029
Borrowing basedon an individual
term loan
agreement
dated Mar. 4,2021, enteredinto with thelenders shownon the left

Mar. 9,2030

Mar. 7,2031
Mar. 9,2033--(Note 1) Short-term refers to borrowings due within one year from the borrowing date. Long-term refers to borrowings due within a period longer than
one year from the borrowing date. The same shall apply hereinafter.
(Note 2) The repayment date will be either the following business day if the date falls on a non-business day or the preceding business day if the repayment
date would fall in the next calendar month.
(Note 3) If the base interest rate is negative, it is calculated as 0.
(Note 4) The first interest payment date is Apr. 9, 2021. Thereafter, the interest payment date will be on the 9th day of every month until and including therepayment date. An interest payment date will be either the following business day if the date falls on a non-business day or the preceding business
day if the payment date would fall in the next calendar month. The base interest rate refers to the interest rate (a 365-day-base) of the Japanese
yen Tokyo Interbank Offered Rate (“TIBOR”) for one-month deposits announced by JBA TIBOR Administration (General Incorporated Association)
two business days before the last date for the immediately preceding interest calculation period of the borrowing date or the interest period.
However, if the interest calculation period is less than one month, the base interest rate defined in the loan agreements will be applied according
to the terms and conditions of the loan agreements. Please refer to JBA TIBOR Administration’s website (http://www.jbatibor.or.jp/english/) for
changes in the JBA Japanese yen TIBOR.
(Note 5) This Borrowing is a third-party allotment loan. MEL plans to repay it in full using the proceeds from the third-party allotment or cash reserves.
Please refer to the press releases “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units” dated Feb.
18, 2021 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units and Secondary Offering of Investment Units”
dated Mar. 1, 2021, for details of the third-party allotment and the proceeds from the third-party allotment.
(Note 6) The first interest payment date is Apr. 30, 2021. Thereafter, the interest payment date will be on the last day of Jan., Apr., Jul. and Oct. until andincluding the repayment date. An interest payment date will be either the following business day if the date falls on a non-business day or thepreceding business day if the repayment date would fall in the next calendar month.
(Note 7) The base interest rate is the swap offered rate corresponding to each borrowing period displayed on Page 9154 of the REUTERS Screen as of two
business days before the borrowing date. The interest rates will be determined on Mar. 5, 2021. MEL will announce the details once determined.
(Note 8) The base interest rate is calculated by adding the TIBOR/LIBOR spread to the swap offered rate corresponding to each borrowing period displayedon Page 9154 of the REUTERS Screen as of two business days before the borrowing date. The interest rates will be determined on Mar. 5, 2021.
MEL will announce the details once determined.
(Note 9) Please refer to the press release “Notice Concerning Acquisition of “MUFG ESG Rating Certificate for J-REIT supported by JCR” ” dated Nov. 9,2018, for details of the “ESG Loan for J-REIT”.
(Note 10) The base interest rate will be determined separately in accordance with an agreement between MUFG Bank, Ltd. and MEL. The interest rates
will be determined on Mar. 5, 2021. MEL will announce the details once determined.

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may not
be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above
will not be offered or sold, publicly or otherwise, in the United States.

2

2.

Reason for the Borrowings
The Borrowings will be made in order to allocate the net proceeds from the offering (the “Offering”) (Note 1), theBorrowings and cash reserves to a part of the acquisition costs of the four new properties (Note 2) scheduled to beacquired on Mar. 9, 2021 and related expenses.

(Note 1) Please refer to the press releases “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units” dated
Feb. 18, 2021 and “Notice Concerning Determination of Pricing and Issuance of New Investment Units and Secondary Offering ofInvestment Units” dated Mar. 1, 2021, for details of the Offering and the net proceeds from the Offering.
(Note 2) Please refer to the press release “Notice Concerning Acquisition of Domestic Real Estate Trust Beneficiary Interests and Lease Contracts
with New Tenants” dated Feb. 18, 2021, for details of the acquisition of the four new properties.

3.

Total Amount, Purpose of Use and Scheduled Date of the Proceeds(1) Total Amount:
12,000 million yen(2) Specific Purpose of Use:
The acquisition costs of the four new properties above and related expenses(3) Scheduled Date:
Mar. 9, 2021

4.

Outstanding Debt Balance after the Borrowings

Short-term Borrowings
Long-term Borrowings
Total BorrowingsInvestment Corporation Bonds
Total Borrowings andInvestment Corporation Bonds
5.

Beforethe Borrowings
2,000
45,57447,574-Afterthe Borrowings
5,500
54,07459,574-47,57459,574(Unit: Millions of yen)
Change+3,500+8,500+12,000+12,000

Additional Information for Investors
For the risks associated with the Borrowings, there have been no changes to “I. Fund Information, 1. Fund Status, 3.
Investment Risks” stated in the Securities Report filed on Nov. 27, 2020 (Japanese only) and “II Reference Information, 2.
Supplementary Information on Reference Materials, 3. Investment Risks” stated in the Securities Registration Statement
filed on Feb. 18, 2021 (Japanese only).

For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit: https://melreit.co.jp/en/

Note: This press release has been prepared for the purpose of announcing to the public certain matters relating to the debt financing, and has not been
prepared for the purpose of soliciting investment.
This press release does not constitute an offer of securities in the United States of America. The securities referred to above have not been, and will
not be registered under the United States Securities Act of 1933, as amended (hereinafter referred to as the “Securities Act”). The securities may not
be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above
will not be offered or sold, publicly or otherwise, in the United States.

3