July 14, 2021
For Translation Purposes Only
Real Estate Investment Fund Issuer:
Mori Hills REIT Investment Corporation(Securities Code: 3234)
1-12-32 Akasaka, Minato-ku, Tokyo
Hideyuki Isobe, Executive Director
Asset Manager:
Mori Building Investment Management Co., Ltd.
Hideyuki Isobe, President & CEOInquiries: Akira Nemoto
General Manager, Financial Department
TEL: +81-3-6234-3234

MHR Announces Issuance of Investment Corporation Bond (Green Bond)
Mori Hills REIT Investment Corporation (hereinafter “MHR”) hereby announces that it decided toissue investment corporation bond (green bond) as below.
1. Overview of Investment Corporation Bond
(1) Name of investment corporation bond
MHR Twenty-second Series Unsecured Investment Corporation Bond (subject to a limitedpari passu clause between specified investment corporation bonds) (green bond)(hereinafter, “Investment Corporation Bond”).
(2) Total issue amount of the investment corporation bond
1.8 billion yen(3) Certificates
The stipulation of the Act on Book Entry of Corporate Bonds and Shares will be applied tothe Investment Corporation Bond. Thus, investment corporation bond certificates will not
be issued for the Investment Corporation Bond.
(4) Payment price
100 yen per face value of 100 yen for each investment corporation bond(5) Redemption price
100 yen per face value of 100 yen for each investment corporation bond(6) Interest rate
0.420% per annum(7) Investment corporation bond amount
100 million yen per investment corporation bond(8) Offering method
Primary offering(9) Subscription period
July 14, 20211

(10) Payment dateJuly 30, 2021
(11) Collateral and guarantee
The Investment Corporation Bond is unsecured and unguaranteed. Furthermore, there isno particular asset retained for the Investment Corporation Bond.
(12) Redemption method and maturity
The total amount of the Investment Corporation Bond will be redeemed on July 30, 2031.
Redemption by purchase of Investment Corporation Bond by MHR is allowed at any time
starting on the day following the payment date, unless otherwise specified by the book-entry
transfer institution mentioned under (16) below.
(13) Interest payment date
The first payment date will be January 30, 2022, and thereafter on January 30 and July 30of each year.
(If the interest payment date is a bank holiday, then the bank business day preceding it
shall be deemed as the interest payment date.)(14) Special financial condition
Negative pledge clause is applicable.
(15) Credit rating
Japan Credit Rating Agency, Ltd.: AA(16) Book-entry transfer institution
Japan Securities Depository Center, Inc.
(17) Fiscal agent, issuing agent and paying agent
MUFG Bank, Ltd.
(18) Underwriting securities companies
Mizuho Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
2. Reason for IssuanceIn order to promote the environmental initiatives and contribute to the realization of asustainable society, MHR decided to issue the Investment Corporation Bond to procure
investment funds for projects that are conscious of the environment.
The Investment Corporation Bond is issued based on “Structure of MHR’s Green Bonds”
described in the press release “MHR Announces Submission of Revised Shelf Registration
Statement for Issuance of Green Bonds” dated on October 29, 2020.
3. Amount of Funds to be Procured, Use of Funds and Planned Expenditure Period(1) Amount of funds to be procured (estimated paid-in amount): 1,784 million yen(2) Specific use of funds to be procured and planned expenditure period
For allocation to part of funds for acquisition and the acquisition expenses of “ToranomonHills Mori Tower” to be acquired on August 2, 2021.
(Note) Please refer to the press releases “MHR Announces Acquisition of Trust BeneficiaryInterest in Domestic Real Estate (Toranomon Hills Mori Tower: Additional Acquisition) ”
dated February 19, 2021 for details.

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4. Investors Who Declared Intention to Invest in the Investment Corporation Bond
Listed below in Japanese syllabary order are investors to date who declared their intention ofinvestment in the Investment Corporation Bond and agreed to disclose their names.
・THE ECHIZEN SHINKIN BANK・The SAGAMI Shinkin Bank・The Sawayaka Shinkin Bank
・SHIZUOKA YAIZU SHINKIN BANK・The Dai-ichi Life Insurance Company, Limited
・Takaoka Shinkin Bank・The Tsuruga Shinkin Bank・TOKUSHIMA SHINKIN BANK
・Niigata credit union
・Nishihyogo Shinkin Bank

5. Borrowings, etc. after the Issuance of Investment Corporation Bond

(unit: millions of yen)

Before the Issuance

After the Issuance

ChangeLong-term loans payable

167,422

167,4220Investment corporation bonds

17,00018,8001,800

Total interest-bearing debt

184,422186,222

1,800(Note 1) Indicates the borrowings, etc. as of July 30, 2021 after the issuance of the Investment CorporationBonds.
(Note 2) Long-term loans payable and investment corporation bonds include the current portion of long-termloans payable and investment corporation bonds within a year.

6. Other Items Required for Investors to Appropriately Understand/Judge the ConcernedInformation
As for risks regarding redemption of Investment Corporation Bond, etc. there are no materialchanges from the content of the investment risks indicated in the Semiannual Securities
Report (Japanese) for the twenty-ninth fiscal period (ended January 31, 2021) submitted on
April 28, 2021.
MHR’s website: https://www.mori-hills-reit.co.jp/en/3