Daiwa Office Investment : Notice Concerning Conclusion of Swap Agreement(PDF：30.0KB)

This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.

August 27, 2021

REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)

Representative: Seiya Miyamoto, Executive Director

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Representative: Toshio Fukushima, President and Representative Director

Inquiries to: Takashi Chiba, General Manager, Corporate Division (Tel: [phone])

Notice Concerning Conclusion of Swap Agreement

We hereby give notice that Daiwa Office Investment Corporation (the "Investment Corporation") has concluded the interest-rate swap agreements (the "Swap Agreement") regarding portions of the existing debt loans with floating-rate (the "Floating-rate Borrowing") (the total notional principal: JPY 1,000 million), as follows.

1. Summary of the Swap Agreement for the Floating-rate Borrowing

	Notional		Interest-Rate	Scheduled	Scheduled
Lender	Principal	Counterparty	Fixed-rate	Floating-	Commence	Termination
	(JPY million)		rate	ment Date	Date
		Payment
			Receipt
		Daiwa		3 month
Shinsei Bank, Ltd.	1,000		JPY	2021/8/31	2030/8/30
Securities Co.	0.083%
TIBOR
		Ltd.
			(Note 1)

(Note 1) Interest payments are due at the end of February, May, August and November (If any such date is not a business day, the immediately following business day; and if such date falls within the next month, the preceding last business day). The interest rate shall be calculated based on JPY TIBOR for 3 month, which the JBA TIBOR Administration (the"JBATA") releases two business days before each interest payment date. The JPY TIBOR of the JBATA is available on the JBATA website (http://www.jbatibor.or.jp/english/rate/).

(Note 2)Interest rates for applicable period shall be announced at http://www.daiwa-office.co.jp/en_cms/finance/money.html.

1. Purpose of the Swap Agreement for the Floating-rate Borrowing
   The Investment Corporation concluded the Swap Agreement to offset the risks of possible increase of the future interest rate by converting from floating-rate to fixed-rate for the above Floating-rate Borrowings.
2. Fixed Interest-Rate after Concluding the Swap Agreement

Lender	Amount	Current Floating	Fixed Interest	Borrowing	Repayment
(JPY million)	Interest-rate	- Rate	Date	Date
		3 month
Shinsei Bank, Ltd.	1,000	JPY	0.483%	2021/8/31	2030/8/30
		TIBOR + 0.40%
					-End-

[Reference]

Ratio of Fixed-Rate and Floating-RateInterest-Bearing Liabilities (Assumed as of August 31, 2021)

	Before	After
Fixed-rateinterest-bearing	85.54％	86.03％
liabilities
Floating-rateinterest-bearing	14.46％	13.97％
liabilities

* Website URL of the Investment Corporation:

http://www.daiwa-office.co.jp/en/