Daiwa Securities Living Investment Corporation has decided on October 26, 2023, to refinance the borrowings of JPY 200 million in total ("Refinancing"). Reason for the Borrowings: The Investment Corporation has decided to enter into new borrowings for purpose of refinancing the existing borrowings of totaling 200 million yen, which are due for repayment on October 31, 2023. The Investment Corporation has decided to borrow a total of JPY 200 million from financial institutions with existing transactions.

Lenders: The Dai-Ichi Life Insurance Company, Limited. Interest rate: 1.0325% (fixed rate). Drawdown date: October 31, 2023.

Method: Unsecured, Lump-sum repayment on the due date. Due date: October 31, 2028.