AEON REIT Investment : Notice Concerning Debt Financing (Refinancing of the Existing Loans)

(Note) This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

September 30, 2021

For Immediate Release

Investment Corporation:

AEON REIT Investment Corporation

1-2-1, Kanda Nishiki-cho,Chiyoda-ku, Tokyo Representative: Nobuaki Seki, Executive Director (Securities code: 3292)

Asset Manager:

AEON Reit Management Co., Ltd.

Representative: Nobuaki Seki, Representative Director and President

Inquiries: Tomohiro Itosaka, Managing Director in charge

of Finance and Administration (TEL: [phone])

Notice Concerning Debt Financing (Refinancing of the Existing Loans)

AEON REIT Investment Corporation ("we" or the "Investment Corporation") hereby announces that it has

determined the details of debt financing (the "Debt Financing") for the refinancing fund of 19.1 billion yen, whose maturity date is October 20, 2021.Details are as follows.

1. Debt Financing:

1. Details of the Debt Financing

	Financial	Scheduled
	borrowing					Repayment
Term	institutions	Interest rate	Borrowing	Financing	Maturity	Security
amount	Method
(Note 2)	(lenders)	(Note 2)	date	method	(Note 2)	and guarantee
(in billions	(Note 3)
	(Note 2)
	of yen)
					Debt financing
					based on
					individual
					term loan		Bullet	Unsecured and
To be	To be		To be	October 20,	agreements	To be
19.1	repayment	unguaranteed
determined	determined	determined	2021	entered into on	determined
	(scheduled)	(scheduled)
					October 18,
					2021 with the
					lenders (To be
					determined)
(Notes)

1. The Debt Financing is subject to the fulfillment of certain requirements such as the execution of a loan agreement which is reasonably satisfactory to the lenders and the fulfillment of all of the conditions precedent to the lending as may be separately agreed upon.
2. We will announce once Term, Financial institutions, Interest rate and Maturity are fixed.
3. If certain requirements including our advance written notice are met during the period between the date of executions of the Debt Financing and the repayment dates indicated above, each of the borrowings is repayable either in whole or in part prior to the maturity date.

1

(Note) This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

(2) Reason for conducting Debt Financing

The proceeds from the Debt Financing will be used to fund of refinancing funds of 19.1 billion yen (Note 1), that has maturity date of October 20, 2021.

(Note 1) The relevant borrowing was announced in the "Notice Concerning Debt Financing (Determination of Interest Rate) and Conclusion of Interest Rate Swap Agreements on February 25, 2015," "Notice Concerning Debt Financing (Determination of borrowing amount and interest rate) " on February 23, 2016, and "Notice Concerning Debt Financing (Determination of Interest Rate) and Conclusion of Interest Rate Swap Agreements" on March 24, 2017, and "Notice Concerning Debt Financing (Determination of Interest Rate) and Conclusion of Interest Rate Swap Agreements" on October 18, 2018.

(3) Total amount to be procured, use of proceeds and anticipated disbursement date of the proceeds

1. Total amount to be procured ¥19.1 billion
2. Specific use of proceeds

The proceeds from the Debt Financing will be used for repayment of borrowings of the foregoing.

1. Anticipated disbursement date October 20, 2021

In addition, we will announce Status of balance of borrowings and other interest-bearing debt after the Debt Financing are fixed.

2. Additional items required to ensure appropriate understanding and judgment by Investors about the information contained herein:

As for risks regarding repayment of the Debt Financing, there are no material changes from the details described in "Section 2. Matters for reference / 2. Supplementary information for reference materials / 5. Investment risks" mentioned in the securities report submitted on August 2, 2021.

End

*The Investment Corporation's website: https://www.aeon-jreit.co.jp/en/index.html

2