Nippon Building Fund Incorporation provided notice that the following was decided as of October 21, 2022 concerning a long-term borrowing: Lender: Taiju Life Insurance Company Ltd. Amount Borrowed: ¥2 billion. Interest Rate: 1.008%. Expected Date of Implementation: November 1, 2022.

Methods of Borrowing, Repayment, Security and Guarantee etc.: Unsecured, unguaranteed, repayable in one lump sum on repayment due date. Repayment Due Date: November 1, 2034. Specific use of proceeds: Refinancing of a long-term borrowing in November 2022.

Expected date of expenditure: November, 2022.