Building a richer future together[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

April 28, 2016
REIT Issuer
Ichigo Office REIT Investment Corporation (8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/english
Asset Management Company
Ichigo Real Estate Investment Advisors Co., Ltd.
Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Hiroto Tajitsu, Head of Administration & Statutory Executive Officer
Tel: +81-3-3502-4891

Notice of Partial Repayment of Existing Loan
Ichigo Office REIT is conducting a partial repayment of an existing loan (total 870 million yen)using part of the proceeds from the sale of Ichigo Meieki Building as announced in the March 4,2016 release “Sale of Portfolio Assets (Ichigo Meieki Building, Ichigo Yokohama Nishiguchi
Building).”

1. Reason for Partial Repayment
This partial repayment of a relatively high-interest loan is being conducted to reduce interest
expenses. This is part of Ichigo Office REIT’s strategic portfolio restructuring announced onApril 8, 2016.1
1For details, please refer to the April 8, 2016 releases “Acquisition of Five Office Assets,”“Earnings and Dividend Forecast Revision for the October 2016 and April 2017 Fiscal
Periods,” and “Strategic Portfolio Restructuring.”

2. Repayment Details
SMBC Syndicate Loan I (Term Loan 4)
Lenders

Outstanding Balance before Repayment
Repayment Amount
Outstanding Balance after Repayment
Date of Repayment
Borrowing Rate
Collateral
Date of Borrowing
Repayment Due Date

Sumitomo Mitsui Banking Corporation;
Mizuho Trust & Banking Co., Ltd.; Resona
Bank, Limited.
2,502 million yen
870 million yen
1,632 million yen
April 28, 2016
1.64777% (fixed)No
January 31, 2013
October 31, 20171

3. Earnings Outlook
The impact of the repayment on Ichigo Office REIT’s earnings and dividend forecasts for theOctober 2016 and April 2017 fiscal periods is minimal, and therefore the forecasts areunchanged.

2

Reference: Loan Composition after Partial Repayment
Outstanding Loan Balance (as of April 28, 2016)(million yen)
Beforerepayment

Afterrepayment

ChangeShort-term borrowings

000

Long-term borrowings(due within one year)1255

255

0Long-term borrowings

79,23778,303-933

Total borrowings

79,49278,558-933

000

79,49278,558-933

Other interest-bearing liabilities

000

Total interest-bearing liabilities

79,49278,558-933

Investment corporation bonds
Total borrowings and investment
corporation bonds

1

Includes partial repayments of existing loans

3Loan Repayment Date Distribution (as of April 28, 2016)
Before Partial Repayment(million yen)

20,00015,000

10,000

8,938

9,563

9,574

Apr 2020

Oct 2020

10,233
9,139

9,129

Oct 2021

Apr 2022

7,263
6,527
5,867
5,000

2,4200
Apr 2016

Oct 2016

Apr 2017

Oct 2017

Apr 2018

Oct 2018

Apr 2019

Oct 2019

Apr 2021

After Partial Repayment(million yen)

20,00015,00010,000

8,938

9,563

9,574

Apr 2020

Oct 2020

10,233
9,1399,129

Oct 2021

Apr 2022

7,263
6,527
5,867
5,000

1,5500
Apr 2016

Oct 2016

Apr 2017

Oct 2017

Apr 2018

Oct 2018

Apr 2019

4Oct 2019

Apr 2021