Tokyu REIT, Inc. repayment. Brief details are as follows. TOKYU REIT will undertake debt financing for procurement of funds to repay long-term debt maturing on February 26, 2024.

In an effort to ensure stability in connection with the procurement of funds, TOKYU REIT has adopted strategies to convert its debt financing to fixed-interest rate borrowings and to diversify repayment dates. Details of Debt Financing: Lender: Development Bank of Japan Inc. Debt Financing Amount: ¥5,000 million Interest Rate: 1.38315% (Fixed interest rate). Repayment Method: Lump-sum repayment on maturity, Drawdown Date: February 26, 2024, Maturity Date (Note): February 26, 2032, Period: 8 years, Collateral: Unsecured, unguaranteed, Financing Fee: None.

Repayment of debt: Lender; Development Bank of Japan Inc. Debt Financing Amount: ¥5,000 million, Interest Rate: 1.57750% (Fixed interest rate), Repayment Method: Lump-sum repayment on maturity, Drawdown Date: February 25, 2014, Repayment Date: February 25, 2024, Maturity Date (Note): February 26, 2024, Repayment Source: Debt finance mentioned above 1. Debt Financing, Period: 10 years, Collateral: Unsecured, unguaranteed.