Frontier Real Estate Investment : Notice Concerning Execution and Repayment of Long-term Borrowing

Translation Purpose Only

February 8, 2023

To All Concerned Parties

6-8-7 Ginza, Chuo-ku, Tokyo

Frontier Real Estate Investment Corporation

Takao Iwadou, Executive Director

(Securities Code: 8964)

Asset Management Company:

Mitsui Fudosan Frontier REIT Management Inc.

Shintaro Ono

Chief Executive Officer and Representative

Director

Inquiries:

Mitsui Fudosan Frontier REIT Management Inc.

Teruyuki Hayashi

Chief Finance Officer and Director

Tel: [phone]

Notice Concerning Execution and Repayment of Long-term Borrowing

Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that today it has decided to execute long-term borrowing. The Investment Corporation, additionally, announces it would repay long-term borrowing on February 10, 2023. Details are provided below.

1. Execution of Long-term Borrowing

1. Purpose
   To appropriate for the repayment of long-term borrowing as of February 10, 2016.
2. Details

①	Drawdown Date	: February 10, 2023
②	Repayment of Principal	: Payment in full on the maturity date
③	Loan Type	: Unsecured, Unguaranteed

④ Lender, Amount, Maturity Date and Interest Rate:

Lender

Amount

Maturity Date

Interest Rate

Daishi Hokuetsu Bank, Ltd.

￥1,000 Million

February 10,

0.86375%

2031

(Interest Rate is fixed until the maturity date.)

2. Repayment of Long-term Borrowing

Details of the repayment of long-term borrowing on February 10, 2023 are as follows.

Lender

Borrowing

Drawdown

Maturity

Repayment

Loan Type

Amount

Date

Date

of Principal

February 10,

February 10,

Payment in full

Unsecured

Daishi Hokuetsu Bank, Ltd.

￥1,000 Million

on the maturity

2016

2023

Unguaranteed

date

3. Change in the Balance of Borrowings etc.

			(Unit	: ￥Million)
	Before	After		Variance
	This refinance	This refinance
Short-term Borrowings	－	－		－
Long-term Borrowings	107,700	107,700		－
Investment Corporation	13,500	13,500		－
Bonds
Total	121,200	121,200		－

1. Long-termBorrowings include the balance of borrowings due within one year.

4. Others

Regarding the loan repayment risk, there is no significant change to the "Investment risks" description in the latest securities report submitted on September 29, 2022.

Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/en/

Disclaimer

This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.