July 27, 2021

To All Concerned Parties

Name of REIT Issuer:

CRE Logistics REIT, Inc.

2-10-1, Toranomon, Minato-ku, Tokyo, Japan

Tsuyoshi Ito, Executive Director

(TSE Code: 3487)

Asset Management Company

CRE REIT Advisers, Inc.

Tsuyoshi Ito, President

Person of Contact:

Hirohisa Toda, Head of Corporate Planning

Tel: +81-3-5575-3600

Notice Concerning Conclusion of Interest Rate Swap Agreement

CRE Logistics REIT, Inc. (hereinafter "CRE REIT") announces that it today concluded an interest

rate swap agreement on the borrowings announced on July 27, 2021, in the "Notice Concerning

Borrowing of Funds (Refinancing by Green Loan)".

１．Reason for entering into the Interest Rate Swap Agreement

The interest rate swap agreement was concluded to hedge interest volatility risk by fixing future

interest rates on long-term loans payable of 4,274 million yen at a floating interest rate scheduled to

be taken out on July 30, 2021.

(Note) For details of the above loans, please refer to the "Notice Concerning Borrowing of Funds (Refinancing by Green

Loan)" released on July 27, 2021.

２．Details of the Interest Rate Swap Agreement

Notional

Interest rate (Note 1)

Counterparty

principal

Commenceme

Termination

(million

Fixed interest

Floating interest

nt date

date

yen)

rate payable

rate receivable

Sumitomo Mitsui Trust

0.070％

JBA three-

July 30,

January 31,

month Japanese

Bank, Limited

4,274

(Note 2)

2021

2028

Yen TIBOR

(Note 1) The first interest payment date is October 29, 2021, and the subsequent interest payment dates are the last days of every three months thereafter. The final interest payment date is the termination date.

(Note 2) Under the interest rate swap agreement, the interest rate on long-term loans payable of 4,274 million is effectively fixed at 0.595％. The fourth decimal place is rounded off.

３．Future outlook

The impact of this matter is immaterial, and operating forecasts for the fiscal period ending December 31, 2021, announced on February16, 2021 in the "Summary of Financial Results for the 9th Fiscal Period Ended December 31, 2020" remain unchanged.

  • CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/
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CRE Logistics REIT Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 06:39:09 UTC.