CRE Logistics REIT, Inc. announced its decision to issue its 3rd unsecured investment corporation bonds and repay borrowings, before the maturity. Details are as follows. Overview of the investment corporation bonds (Green Bonds): Name: CRE Logistics REIT, Inc. 3rd unsecured investment corporation bonds with supplementary pari passu clause ("Green Bonds").

Total amount to be issued: JPY 2,000 million. Format of bonds: Amount to be paid: JPY 100 per JPY 100 of each investment corporation bond. Amount to be redeemed: JPY 100 per JPY 100 of each investment corporation bond.

Interest rate: 0.789% per annum. Amount of each investment corporation bond: JPY 100 million. Offering method: Offering to the general public.

Application period: August 31, 2023. Payment date: September 22, 2023. Security and guarantee: There is no security or guarantee for the Green Bonds, and no particular assets are reserved for the Green Bonds.

Redemption method and due date: The total amount of the Green Bonds will be redeemed on September 21, 2028. CRE REIT may retire by repurchasing the Green Bonds at any time after the day following the payment date, unless otherwise provided for by the book-entry transfer institution. Interest payment date: The last day of March and the last day of September every year (If the interest payment date is a day that is not a bank business day, interest will be paid in advance on the previous business day.).

Financial covenants: A negative pledge clause is established. Rating acquired: A Rating and Investment Information, Inc. Fiscal agent, issuing agent and paying agent: Sumitomo Mitsui Trust Bank, Limited. CRE REIT will issue Green Bonds at this time to promote the acquisition of environmentally conscious logistics facilities and enhance financing methods by expanding the base of investors interested in ESG investment.

Total amount to be procured, use of proceeds, and scheduled outlay period Total amount to be procured (approximate net proceeds) JPY 1,985 million. Specific use of proceeds and scheduled outlay period. Details of the Prepayment: Amount to be repaid JPY 2,000 million.

Prepayment date: September 22, 2023 (planned). Approximate net proceeds of 1,985 million yen from the issuance of the Green Bonds will be appropriated. For the difference of about JPY 15 million from the total amount to be paid of JPY 2,000 million, cash in hand will be appropriated.