Frontier Real Estate Investment Corporation hereby announced that it has decided to execute long-term borrowings. Lender:- The Keiyo Bank,Ltd., Amount:- 1,000 Million, Maturity Date:- June 20, 2031, Interest Rate is 0.93095% (Interest Rate is fixed until the maturity date.). Lender:- The Bank of Fukuoka Ltd., Amount:- 1,000 Million, Maturity Date:- December 21, 2032, Interest Rate is 1.15250% (Interest Rate is fixed until the maturity date.).

Lender:- The Minato Bank Ltd., Amount:- 1,000 Million, Maturity Date:- June 21, 2033, Interest Rate is 1.10366% (Interest Rate is fixed until the maturity date.). Lender:- Kansai Mirai Bank, Limited, Amount:- 1,000 Million, Maturity Date:- December 21, 2033, Interest Rate is 1.14500% (Interest Rate is fixed until the maturity date.).