Samty Residential Investment : Notice Concerning Issuance of Investment Corporation Bonds

December 2, 2021

For Translation Purposes Only

Real Estate Investment Trust Securities Issuer

Samty Residential Investment Corporation

1-8-3 Marunouchi, Chiyoda-ku, Tokyo

Masafumi Takahashi, Executive Director

(Securities Code: 3459)

Asset Management Company:

Samty Asset Management Co., Ltd.

Masafumi Takahashi, Representative Director

Inquiries: Hidekazu Nizawa

Director

Head of Business Management Division

Phone: + 81-3-5220-3841

Notice Concerning Issuance of Investment Corporation Bonds

Samty Residential Investment Corporation ("Samty Residential") announces that it decided on the issuance of investment corporation bonds based on the comprehensive resolution regarding the issuance of investment corporation bonds at its board of directors' meeting held on November 27, 2020, as follows.

1. Details of the Investment Corporation Bonds

(1)	Name of investment	Second Series Unsecured Investment Bonds of Samty Residential
	corporation bonds offered	Investment Corporation
		(with pari passu conditions among specified investment corporation
		bonds) ("Investment Corporation Bonds")
(2)	Total amount of investment	1.5 billion yen
	corporation bonds
(3)	Form of bond certificate	Under the Act on Transfer of Company Bonds, Shares, etc., bond
		certificates for the Investment Corporation Bonds will not be issued.
(4)	Paid-in amount	100% of the denomination of each investment corporation bond
(5)	Redemption price	100% of the denomination of each investment corporation bond
(6)	Interest rate	0.850% per annum
(7)	Denomination of each	100 million yen
	investment corporation bond
(8)	Offering method	Primary offering
(9)	Offering period	December 2, 2021
(10)	Payment date	December 8, 2021
(11)	Collateral and guarantee	No collateral or guarantee is applicable to and no assets are specifically
		reserved as collateral for the Investment Corporation Bonds
(12)	Method and date of	The total amount of the Investment Corporation Bonds will be
	redemption	redeemed on December 8, 2031.
		Retirement by repurchase of the Investment Corporation Bonds can be
		made any time starting the day after the payment date, unless
		specified otherwise by Japan Securities Depository Center,
		Incorporated, the transfer agency.

Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

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(13)	Interest payment date	June 30 and December 31 of every year and on the redemption date
		(The first interest payment shall be on June 30, 2022. If the interest
		payment date falls on a bank holiday, payment will be made on the
		preceding bank business day.)
(14)	Financial covenants	A negative pledge clause is attached.
(15)	Rating	A- (Japan Credit Rating Agency, Ltd.)
(16)	Financial agent, issuing	Mizuho Bank, Ltd.
	agent, and paying agent
(17)	Underwriter	Daiwa Securities Co. Ltd.
		SMBC Nikko Securities Inc.
		Mizuho Securities Co., Ltd.

2. Reasons for Issuance

Samty Residential decided to conduct the issuance of the Investment Corporation Bonds with an aim to use part of the funds procured for the repayment of existing borrowings as well as to lengthen borrowing periods of interest-bearing debt, fix interest rates, disperse repayment dates, and diversify fund procurement methods.

3. Amount, Use, and Scheduled Outlay of Funds to Be Procured

1. Amount of funds to be procured 1,483 million yen
2. Specific use of funds to be procured and scheduled outlay
   Funds procured will be used as part of funds for the repayment of borrowings with a repayment date of January 31, 2022.

4. Status of Interest-Bearing Debt After the Issuance of Investment Corporation Bonds

			(Unit: million yen)
	Before the issuance of	After the Issuance of
	Investment Corporation	Investment Corporation	Increase
	Bonds	Bonds	(Decrease)
	(as of today)	(as of December 8, 2021)
Short-term loans(Note)	10,700	10,700	-
Long-term loans(Note)	63,535	63,535	-
Total borrowings	74,235	74,235	-
Investment corporation bonds	2,700	4,200	1,500
Total interest-bearing debt	76,935	78,435	1,500

(Note) Short-term loans refers to borrowings for which repayment is due in or within one year (including current portion of long-term loans payable), and long-term loans refers to borrowings for which repayment is due in more than a year.

5. Other

Concerning the risks associated with the issuance of Investment Corporation Bonds, there is no change from what is described in "Chapter 1: Fund information, Section 1: Fund Status, 3. Investment Risks" in the Securities Report submitted on October 28, 2021.

* Samty Residential Investment Corporation website: https://www.samty-residential.com/en/

Disclaimer: This translation is for informational purposes only. Neither Samty Residential Investment Corporation nor Samty Asset Management Co., Ltd. guarantees the accuracy or completeness of the translation. If there is any discrepancy between the Japanese version and the English translation, the Japanese version shall prevail.

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