Takara Leben Infrastructure Fund : Notice regarding conclusion of interest rate swap contract

		December 1, 2021
For Immediate Release
Infrastructure Fund Issuer
Takara Leben Infrastructure Fund, Inc.
Representative:	Masahide Kikuchi,	Executive Director
		Securities Code: 9281
Management Company
Takara Asset Management Co., Ltd.
Representative:	Mamoru Takahashi,	President & CEO
Contact:	Masahide Kikuchi,	Vice President
		TEL: [phone]

Notice regarding conclusion of interest rate swap contract

Takara Leben Infrastructure Fund, Inc. (the "Fund") today announces that it has concluded an interest rate swap contract with regard to the borrowing of funds (the "Borrowings") as announced in the Notice Regarding Borrowing of Funds dated November 9, 2021. The details are as follows.

I. Interest rate swap contract 1. Details

			Interest1
	Notional	Fixed		Variable	Contract		Maturity	Interest
Counterparty	principal	interest		Start date	payment
	interest rate	date	date
	(¥ million)	rate			date2
		payable		receivable
								First
								payment on
								May 31,
								2022 and
								then
								subsequently
Sumitomo Mitsui				6-month	December	December	November,	on the last
5,917	1.000%		TIBOR +0.5%	day of every
Banking Corporation		1, 2021	1, 2021	28, 2031
			(annualized)	May and
								November
								until the
								final
								payment on
								November
								28, 2031.
								First
								payment on
								last day of
								May 2022
								and then
								subsequently
								on the last
				6-month	December	December	Last day of	day of every
Shinsei Bank, Limited	5,917	1.000%		TIBOR +0.5%	November	May and
	1, 2021	1, 2021
				(annualized)	2031	November
								until the
								final
								payment on
								the last day
								of
								November
								2031.

1

*1 The interest rate swap arrangement will effectively fix the interest rate on the notional principal amount of the Borrowings at 1.000%.

*2 If the day specified is not a business day, the interest shall be paid on the following business day. If the following business day falls in the following month, the interest shall be paid on the immediately preceding business day.

2. Reasons for conclusion of interest rate swap contract

The interest rate swap contract is intended to effectively lock in the interest rate payable on the Borrowings in order to avoid the risk of interest rate fluctuation.

II. Other matters required to help investors understand the information provided and make informed decisions There have been no changes in risks related to the repayment of the Borrowings from those listed in Section 1

(Fund Information), Chapter 1 (Fund Conditions), Part 3 (Investment Risks) of the Securities Report filed on August 30, 2021 (including the revised report filed on October 30, 2021), and in Section 2 (Reference Information), Chapter 2 (Supplementary Information for Reference Materials), Part 3 (Investment Risks) of the Securities Registration Statement filed on November 9, 2021 (including the revised statements filed on November 10 and 17, 2021).

End

*The Fund's website:https://tif9281.co.jp/en

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