Hankyu Hanshin REIT, Inc. announced its decision made on February 21, 2024 to undertake debt financing. The debt financing will be executed as Green Loan based on the Green Finance Framework that HHR has formulated. Reason for Debt Financing: These funds will be allocated for the repayment of part of the borrowings (JPY 5.2 billion) (including the borrowings through subsequent refinancing) due on February 29, 2024 that were required for acquisition of Shiodome East Side Building, an Eligible Green Asset under the Green Finance Framework.

Long-term Borrowing: Lenders- Syndicate of lenders arranged by MUFG Bank Ltd. and Syndicate of lenders arranged by MUFG Bank Ltd. Amount of debt financing: JPY 3,200 million and JPY 700 million. Interest rate: Not determined Fixed interest rate. Drawdown date: February 29, 2024.

Maturity Dates: February 28, 2031 and August 31, 2034 respectively. The syndicate of lenders consists of MUFG Bank Ltd., Mizuho Bank Ltd., The Senshu Ikeda Bank Ltd., Nippon Life Insurance Company and The Bank of Kyoto Ltd. The syndicate of lenders consists of Nippon Life Insurance Company and The Bank of Kyoto Ltd.