SANKEI REAL ESTATE Inc. announced its decision made for partial refinancing of its existing loans. Lenders: Loan syndicate with Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation as the arrangers. Borrowing amount is JPY 3,700 million.

Interest rate: To be determined (fixed interest rate) (Note 2). Scheduled borrowing date: March 13, 2023. Borrowing method: Conclusion of individual loan agreement on March 9, 2023 (scheduled) with the lenders shown above.

Maturity date: September 13, 2027. Repayment method: Lump-sum repayment at maturity. Interest payment due date: The first interest payment due date shall be June 13, 2023, followed by the 13th of every September, December, March and June thereafter, and the Maturity date.

Security: Unsecured and non-guaranteed. Reason and Target of the Refinancing: To repay JPY 3,700 million of the following loan due for repayment on March 13, 2023. Lenders: Mizuho Bank Ltd., Sumitomo Mitsui Banking Corporation, Development Bank of Japan Inc., Mizuho Trust & Banking Co.

Ltd., Sumitomo Mitsui Trust Bank, Limited., SBI Shinsei Bank, Limited and Resona Bank, Limited. Borrowing amount: JPY 3,700 million. Interest rate: 0.42346%.

Borrowing date: March 12, 2019. Borrowing method: Conclusion of individual loan agreement on March 7, 2019, with the lenders shown above. maturity date: March 13, 2023.

Repayment method: Lump-sum repayment at maturity. Interest payment due date: The first interest payment due date shall be June 12, 2019, followed by the 12th of every September, December, March and June thereafter, and the maturity date. Security: Unsecured and non-guaranteed.