Invincible Investment Corporation has determined to obtain new debt financing to refinance existing debt and has executed an interest rate swap agreement (the "Interest Rate Swap Agreement) with regards to the new borrowing. Reason for Borrowing: INV has decided to execute a new loan agreement in order to repay borrowings in the amount of JPY 1,000 million due on June 15, 2019, which is one of the tranches of the Term Loan (C) (Note1) with a total outstanding amount of JPY 3,000 million. Details of the New Borrowing (anticipated): Lender is Citibank, N.A., Tokyo Branch; Borrowing amount is JPY 1,000 million; Interest rate, etc. is 1-month JPY TIBOR (Base Rate) + spread (0.300%) (Note1) Variable interest rate; Borrowing method is Borrowing based on separate term loan agreement dated June 13, 2019; Agreement date is June 13, 2019 and anticipated borrowing date is June 17, 2019; Principal repayment method is Lump-sum repayment on the principal maturity date; Principal maturity date is June 17, 2022.