Nippon Building Fund Inc. hereby provided notice that the following was decided as of December 28, 2022 concerning long-term borrowings: Lender: Sumitomo Mitsui Banking Corporation; Amount Borrowed: ¥4 billion; Interest Rate: 0.383%; Expected Date of Implementation: December 30, 2022; Methods of Borrowing, Repayment, Security and Guarantee etc.: Unsecured, unguaranteed, repayable in one lump sum on repayment due date; Repayment Due Date: December 30, 2026. Lender: Sumitomo MitsuiTrust Bank, Limited; Amount Borrowed: ¥3 billion; Interest Rate: 0.815%; Expected Date of Implementation: December 30, 2022; Methods of Borrowing, Repayment, Security and Guarantee etc.: Unsecured, unguaranteed, repayable in one lump sum on repayment due date; Repayment Due Date: December 29, 2028.