Advance Residence Investment Corporation (ADR) announced its decisions to borrow funds to repay loan coming due. Scheduled Contract Date of the Debt Financing is November 28, 2023 from Mitsui Sumitomo Insurance Company, Limited for scheduled amount of JPY 1,000 million with interest rate of +0.16000%, Principal Repayment date is November 29, 2030 and Repayment Period is 7 years. Purpose of the Debt Financing is to repay existing Loan due on November 30, 2023.

Details of the Loan to be Repaid: lender is Mitsui Sumitomo Insurance Company, Limited for JPY 1,000 with interest rate of 0.31750%. Planned Drawdown Date is November 30, 2016. Principal repayment date is November 30, 2023.