Hankyu Hanshin REIT, Inc. announced its decision made to undertake debt financing and interest rate swap transaction. To replenish cash on hand due to the redemption on maturity of JPY 2,000 million investment corporation bonds on November 10, 2023, and for repayment of the JPY 4,900 million borrowing for which repayment is due on November 30, 2023. Details of Debt Financing (Scheduled): The company receives JPY 1,000 million from Syndicate of lenders arranged by Sumitomo Mitsui Trust Bank, Limited, drawdown date is November 30, 2023 and maturity date is November 30, 2028.

The company receives JPY 2,000 million from Syndicate of lenders arranged by Sumitomo Mitsui Trust Bank, Limited, drawdown date is November 30, 2023 and maturity date is November 29, 2028. The company receives JPY 3,900 million from Syndicate of lenders arranged by Sumitomo Mitsui Trust Bank, Limited, drawdown date is November 30, 2023 and maturity date is May 31, 2032. The first interest payment date is February 29, 2024.

Thereafter, the interest payment dates are the last day of every February, May, August and November until and including the maturity date (The interest payment date will be the next business day if the applicable date is a non-business day of the bank or the previous business day if the next business day falls in the next calendar month). Base interest rate applied on the interest to be paid on interest payment date will be JBA 3-month Japanese Yen TIBOR as of two days prior to the most recent interest payment date (in case of first payment, this will be the drawdown date) of each interest payment date.