Lengthening of Contract Periods of Commitment Line Agreements

Japan Retail Fund Investment Corporation (Tokyo Stock Exchange Company Code: 8953)

News Release－May 30, 2016

Lengthening of Contract Periods of Commitment Line Agreements

Japan Retail Fund Investment Corporation ("JRF") announced that, in regards to the commitment line agreements which were announced in the press releases titled "Japan Retail Fund Investment Corporation Has Reached an Agreement on a Commitment Line," dated March 27, 2015 ("Commitment Line 1"), and "Notice Concerning Extension of Contract Period of Commitment Line," dated September 30, 2015 ("Commitment Line 2"), it has concluded agreements to lengthen the contract periods today as outlined below.

  1. Purpose of the lengthening of commitment line agreements

    While JRF has short-term (total maximum amount: 45 billion yen) and long-term commitment line (total maximum amount: 15 billion yen) agreements with a total maximum amount of 60 billion yen, in order to secure flexibility and stability in financing method, JRF decided to lengthen the short-term commitment line agreements with a total of 45 billion yen.

    Commitment Line 1 (short-term commitment line with one year contract period, borrowing period of up to three years, and maximum amount of 10 billion yen) has been lengthened by extending the contract end date to May 31, 2018.

    In regards to the Commitment Line 2 (consists of a long-term commitment line with three year contract period, borrowing period of up to 5 years, maximum amount of 15 billion yen; and a short-term commitment line with one year contract period, borrowing period of up to one year, maximum amount of 35 billion yen), the contract period of the short-term commitment line has been lengthened by combining the short-term commitment line agreement and the long-term commitment line agreement (contract period of three years).

  2. Description of commitment line

Commitment Line 1

Commitment Line 2

(1) Current Maximum Amount:

¥ 10 billion

¥ 35 billion

¥ 15 billion

(2) New Maximum Amount

¥ 10 billion

¥ 50 billion

(3) Current Contract End Date

May 31, 2016 (1 year)

Sep 30, 2016 (1 year)

Sep 28, 2018 ( 3 years)

(4) New Contract End Date

May 31, 2018 (2 years)

Sep 28, 2018 (3 years)

(5) Current Borrowing Period

1 month to 3 years (on a monthly basis)

1 month to 1 year (Note1)

1 month to 5 years (Note2)

(6) New Borrowing Period

1 month to 3 years (on a monthly basis)

1 month to 5 years (Note2)

(7) Form of Contract

Bilateral loan

Syndicated loan

(8) Lender

Sumitomo Mitsui Banking Corporation

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Sumitomo Mitsui Trust Bank, Ltd.

(9) Collateral, Guarantee,

Unsecured, unguaranteed

Unsecured, unguaranteed

(10) Purpose

Repayment of debts, redemption of investment corporation bonds and returning of tenant leasehold and security deposits.

Acquisition of properties and miscellaneous expenses associated with acquisitions, repair and renovation of existing properties, repayment of debt, redemption of investment corporation bonds, and returning of tenant leasehold and security deposits.

(Note 1) Until any day of any month corresponding to the borrowing date that borrower specifies in the period between one month after the desired start date and one year after the desired start date

(Note 2) Until any day of any month corresponding to the borrowing date that borrower specifies in the period between one month after the desired start date and five years after the desired start date

About JRF: JRF is the third listed Japanese Real Estate Investment Trust ("J-REIT") and the first J-REIT to focus exclusively on retail properties. As of the date of this release, JRF owns 88 properties containing approximately 3.1 million square meters of leasable space.

Please refer to our website at http://www.jrf-reit.com/english/index.html for further details.

Contacts: For further information relating to this press release as well as JRF and Mitsubishi Corp.-UBS Realty Inc., its Asset Manager, please feel free to contact: Mr. Fuminori Imanishi (Telephone Number: 81-3-5293-7080), Head of Retail Division at Mitsubishi Corp.-UBS Realty Inc.,

Investor Relations: Telephone Number: 81-3-5293-7081

E-mail: jrf-8953.ir@mc-ubs.com

This translation is for informational purposes only, and the Japanese language release should be referred to as the original.

Japan Retail Fund Investment Corporation published this content on 30 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2016 06:51:02 UTC.

Original documenthttp://www.jrf-reit.com/upd/ir_news/pdf/1605301632321550.pdf

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