Mori Hills REIT Investment Corporation concluded the following borrowings. Purpose of Borrowings To be used as refinancing of JPY 1,700 million in long-term loans payable due March 27, 2023 and JPY 7,500 million in long-term loans payable due March 31, 2023 (hereinafter "Existing Long-term Loans Payable") (Note). (Note) 2. Details of Borrowings: Lender (anticipated), Development Bank of Japan Inc. Resona Bank, Limited.

The Hiroshima Bank Ltd. Borrowing amount (million yen): JPY 1,700 million, JPY 800 million, JPY 1,000 million. Interest rate: Base interest rate +0.350% (Note 1), Base interest rate +0.200% (Note 2), Base interest rate +0.200% (Note 2). Scheduled drawdown date: March 27, 2023 March 31, 2023.

Repayment date (Note 3) March 31, 2032 March 31, 2030 March 31, 2030. Method of repayment: To be repaid in full on the principal repayment date. Collateral: Unsecured/Unguaranteed.