Japan Logistics Fund Inc. announced that it has decided to raise funds through bank loans as detailed below. Of the loans, the loan from Nippon Life Insurance Company is the loan that will be executed based on the Green Finance Framework established by JLF (Green Loan). Through dialogue with lenders and institutional investors who are interested in ESG, JLF will further promote ESG initiatives by grasping the expected level of ESG and reflecting the content in its asset management.

Use of Proceeds: Proceeds will be used to repay existing loans due February 29, 2024. Lender: Development Bank of Japan Inc.; Amount of loan: JPY 2,000 million; Interest rate: fixed; Term of loans: 10.0 years; Repayment date: February 28, 2034. Lender: Nippon Life Insurance Company; Amount of loan: JPY 2,500 million; Interest rate: fixed; Term of loans: 9.5 years; Repayment date: August 31, 2033.

Lender: Mitsui Sumitomo Insurance Company, Limited; Amount of loan: JPY 1,000 million; Interest rate: fixed; Term of loans: 5.0 years; Repayment date: February 28, 2029. The Bank Loans to be Repaid: Lender: Development Bank of Japan Inc.; Amount of loan: JPY 2,000 million; Interest rate:1.35000%; Term of loan: 11.0 years; Borrowing date: March 11, 2013; Repayment date: February 29, 2024. Lender: Nippon Life Insurance Company; Amount of loan: JPY 2,500 million; Interest rate:1.04000%; Term of loan: 9.9 years; Borrowing date: March 24, 2014; Repayment date: February 29, 2024.

Lender: Mitsui Sumitomo Insurance Company, Limited; Amount of loan: JPY 1,000 million; Interest rate: 0.25875%; Term of loan: 7.1 years; Borrowing date: February 3, 2017; Repayment date: February 29, 2024.