Frontier Real Estate Investment Corporation announced that it has decided to execute long-term borrowing and, additionally, announced that it would repay long-term borrowing as of March 27, 2018, on March 27, 2024. Details are provided as below. Drawdown date is March 27, 2024.

Repayment of principal is payment in full on the maturity date. Loan Type: Unsecured, Unguaranteed. Lender: Shinkin Central Bank.

Amount is JPY 2,000 million. Maturity date is March 29, 2032. Interest Rate: 1.02375% (Interest Rate is fixed until the maturity date.).

Lender: Shinkin Central Bank. Borrowing Amount is JPY 2,500 million. Drawdown date is March 27, 2018.

Maturity Date is March 27, 2024. Repayment of principal is payment in full on the maturity date. Change in the Balance of Borrowings etc.: Variance: JPY -500 million.