Mori Hills REIT Investment : MHR Announces Information on Borrowings

May 20, 2021

For Translation Purposes Only

Real Estate Investment Fund Issuer:

Mori Hills REIT Investment Corporation

(Securities Code: 3234)

1-12-32 Akasaka, Minato-ku, Tokyo

Hideyuki Isobe, Executive Director

Asset Manager:

Mori Building Investment Management Co., Ltd.

Hideyuki Isobe, President & CEO

Inquiries: Akira Nemoto

General Manager of Financial Department

TEL: [phone]

MHR Announces Information on Borrowings

Mori Hills REIT Investment Corporation (hereinafter "MHR") concluded today the following borrowings.

1. Purpose of Borrowings

To be used as refinancing of 6,500 million yen in long-term loans payable due May 31, 2021 (hereinafter "Existing Long-term Loans Payable") (Note).

(Note) Please refer to the press releases "MHR Announces Information on Borrowings" dated May 25, 2015 for details.

2. Details of Borrowings

Lender	Borrowing	Interest	Scheduled	Repayment	Method of
amount	rate	drawdown	date	Collateral
(anticipated)	repayment
(million yen)	(Note 1)	date	(Note 2)
Sumitomo		Base
Mitsui Trust	1,294	interest		May 31,
Bank,	rate		2026
Limited		+0.180%
		Base
Mizuho Bank,	1,369	interest		May 31,	To be
Ltd.	rate		2028	repaid in
		+0.190%	May 31,		full on the	Unsecured/
		Base	2021		principal	Unguaranteed
MUFG Bank,	2,738	interest		May 31,	repayment
Ltd.	rate		2029	date
		+0.300%
Sumitomo		Base
Mitsui	1,099	interest		May 31,
Banking	rate		2029
Corporation		+0.300%

(Note 1) The first payment date shall be the last day of August 2021 and subsequent payment dates shall be the last day of February, May, August, and November every year thereafter. The last payment date shall be the principal repayment date. If the date is not a business day, the next business day shall be the date and if this next business day falls into the following month, the business day prior shall be the payment date.

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Base interest rate to be applied will be the 3-month JBA Japanese Yen TIBOR announced by the Japanese Bankers Association two business days prior to the last payment day (The first payment date shall be the drawdown date). The 3-month JBA Japanese Yen TIBOR can be confirmed on the website of General Incorporated Association JBA TIBOR Administration (http://www.jbatibor.or.jp/english/).

(Note 2) If the repayment date is not a business day, the next business day shall be the repayment date. If this next business day falls into the following month, the business day prior shall be the repayment date.

3. Amount of Funds, Use of Funds and Scheduled Payment Period

1. Amount of funds to be procured: 6,500 million yen
2. Specific use of funds and scheduled payment period

		a) Specific use of funds:	To be disbursed as funds for refinancing of the
		b) Amount:	Existing Long-term Loans Payable
		6,500 million yen
		c) Scheduled payment period:	May 31, 2021
4. Borrowings, etc. after the Borrowings			(Unit: millions of yen)
				Before		After		Change
				the Borrowings		the Borrowings
		Long-term loans payable		167,422	167,422		0
		Investment corporation bonds		17,000	17,000		0
		Total interest-bearing debt		184,422		184,422		0

(Note) Long-term loans payable and investment corporation bonds include the current portion of long-term loans payable within a year and investment corporation bonds.

5. Other Items Required for Investors to Appropriately Understand/Judge the Concerned Information

There are no changes to the content of "1. Fund Information; 1. Fund Status; 3. Investment Risks" indicated in the Semiannual Securities Report (Japanese) for the twenty-ninth fiscal period submitted on April 28, 2021 as a result of the Borrowings.

MHR's website address is https://www.mori-hills-reit.co.jp/en/

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