TOKYU REIT, Inc. announced its decision to undertake debt financing (Green Loan) and repayment. Brief details are as follows. The long-term debt to be repaid fulfills the criteria of the green finance framework formulated in July 2022 as it constitutes funds for refinancing the acquisition funds for Lexington Aoyama which is a specific asset fulfilling the green eligibility criteria and the long-term debt will be refinanced with green loan.

The entire amount of the debt financing will Green Loan be allocated to funds for repayment of the long-term debt due for repayment on July 31, 2023. Classification Long-Term Debt, Lender: Nippon Life Insurance Company, Debt Financing Amount: ¥500 million, Interest Rate: 0.83036% (Fixed interest rate), Repayment Method: Lump-sum repayment on maturity, Drawdown Date: July 31, 2023, Maturity Date: January 31, 2029, Period: 5.5 years. Collateral: Unsecured, unguaranteed, Financing Fee: None.

Repayment of Debt: Debt borrowed on January 31, 2018. Classification: Long-Term Debt, Lender: Daido Life Insurance Company, Debt Financing Amount: ¥500 million, Interest Rate 0.58% (Fixed interest rate), Repayment Method Lump-sum repayment on maturity, Drawdown Date January 31, 2018, Repayment Date July 31, 2023, Maturity Date (Note) July 31, 2023, Repayment Source Debt finance mentioned above 1. Debt Financing, Period 5.5 years, Collateral Unsecured, unguaranteed, Financing Fee None.