Aberdeen Japan Investment Trust PLC announced that it has renewed its JPY 1.3 billion fixed rate loan facility with ING Bank N.V., London Branch for a one year period to 20 January 2023. Under the terms of the renewed facility, JPY 1.3 billion has been drawn down at an all-in interest rate of 0.90% per annum. This rate of interest is fixed until the maturity of the facility on 20 January 2023 and the proceeds have been used to refinance the Company's previous JPY 1.3 billion fixed rate loan with ING.

Following the drawdowns under the new facility, the Company's borrowings are unchanged at JPY 1.7 billion, taking into account the JPY 400 million drawn under the Company's JPY 1.0 billion revolving credit facility with ING.