Japan Real Estate Investment Corporation hereby announces its decision to procure funds as follows: Repayment of two existing longterm loans with a principal amount of JPY 3 billion, both of which were executed on November 29, 2018. Amount of loan JPY 3,000 million; Lender: UFG Bank Ltd. Interest rate: 0.08455%(fixed); Borrowing date May 29, 2023. Interest payment date The principal repayment date; Method of borrowing: Loan based on overdraft agreement, Unsecured/unguaranteed loan.

Method of principal repayment: Lumpsum repayment on the principal repayment date. Principal repayment date: June 29, 2023. Amount of loan JPY 3,000 million; Lender: Mizuho Bank Ltd. Interest rate: Base rate (1month JPY TIBOR published by Japanese Bankers Association (hereinafter "JBA")) + 0.040%; Borrowing date May 29, 2023.

Interest payment date: The principal repayment date and the 29th of every month in the period until the principal repayment date; Method of borrowing: Loan based on overdraft agreement, Unsecured/unguaranteed loan. Method of principal repayment: Lumpsum repayment on the principal repayment date. Principal repayment date: May 29, 2024.