Industrial & Infrastructure Fund Investment Corporation (IIF) announced the applicable interest rate for new debt financing which was announced in the news release titled "Notice Concerning New Debt Financing and Debt Financing (Refinancing)" dated September 8, 2022, is determined as follows: Determination of Interest Rate: Borrowing Period: 10.0 year; Amount: JPY 2,000 million, JPY 1,500 million; Fixed /Float: Fixed; Interest rate: 0.88000%; Lender: Mizuho Bank, Ltd, Shinsei Bank, Limited; Contract Execution Date: September 8, 2022; Scheduled Borrowing Date: September 16, 2022; Maturity Date: September 16, 2032; Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment. Borrowing Period: 8.5 year; Amount: JPY 1,000 million, JPY 1,000 million; Fixed /Float: Fixed; Interest rate: 0.76000%; Lender: The 77 Bank Ltd., Shinkin Central Bank; Contract Execution Date: September 8, 2022; Scheduled Borrowing Date: September 16, 2022; Maturity Date: March 14, 2031; Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment.