Fukuoka REIT : Notice Concerning Borrowing of Funds

Provisional translation only

July 18, 2023

Fukuoka REIT Corporation

1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City

Zenji Koike

Executive Director

(Securities Code: 8968)

Asset Management Company:

Fukuoka Realty Co., Ltd.

1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City

Zenji Koike

President and CEO

Inquiries:

Hiroyuki Ayabe

Executive Officer and General Manager

Finance Department

TEL: [phone]

Notice Concerning Borrowing of Funds

Fukuoka REIT Corporation (FRC) announces that it will conduct the borrowing of funds, as described below. This borrowing is a green loan based on the Green Finance Framework established by FRC. For more information on the Green Loan and our Green Financing Framework, please refer to the Attachment to the "Notice of Borrowing of Funds" dated June 21, 2022.

1. Borrowing of funds

1. Reason for borrowing Refinancing on existing borrowing
2. Outline of borrowing

Borrowing 1 (long-term debt (Note1))

1.	Lender:	Sumitomo Mitsui Trust Bank, Limited
2. Amount:	0.9 billion yen
3.	Interest rate:	To be announced (Note2) Fixed interest rate
4.	Borrowing date:	July 31, 2023
5.	Borrowing method:	Loan agreement concluded on July 27, 2023.
6.	Repayment date:	July 31, 2028
7.	Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee
Borrowing 2 (long-term debt (Note1))
1.	Lender:	Sumitomo Mitsui Trust Bank, Limited
2. Amount:	0.6 billion yen
3.	Interest rate:	To be announced (Note2) Fixed interest rate
4. Borrowing date:	July 31, 2023
5.	Borrowing method:	Loan agreement concluded on July 27, 2023.
6.	Repayment date:	July 31, 2031
7. Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee

(Note 1) Borrowings by green loan as refinancing of acquisition of Sanix Hakata Building and LOGICITY Minato Kashii.

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(Note 2) Interest rate will be announced once determined.

1. Outline of refinancing Refinancing 1 (long-termdebt)

1.	Lender:	Sumitomo Mitsui Trust Bank, Limited
	2. Amount:	1.5 billion yen
3.	Repayment date:	July 31, 2023
4.	Repayment method:	Lump-sum upon maturity
5.	Description:	No collateral, No guarantee
6.	Disclosure date:	July 21, 2015
			July 27, 2015 (Determination of Interest Rate)
2. Status of Debt after Borrowing					(mm yen)
					Before borrowing	After borrowing	Change
Short-term debt			0	0	0
Long-term debt			81,850	81,850	0
	Of which, long-term debt payable due within		［11,100］	［9,600］	［(1,500)］
	one year
Total				81,850	81,850	0
Investment corporation bonds			5,000	5,000	0
Total Interest-bearing debt			86,850	86,850	0

3. Others

Concerning risks related to repayments of this borrowing, etc., there are no material changes from the "Investment risks" disclosed in the latest Securities Report for the 37th Fiscal Period (submitted on May 30, 2023).

*FRC's website isFukuoka REIT Corporation(fukuoka-reit.jp)

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