Japan Real Estate Investment Corporation hereby announces that the incentive interest rates will be applied to the Sustainability-Linked Loans borrowed on March 30, 2023 from Sumitomo Mitsui Banking Corporation. This comes after the sustainability performance target ("SPT") has been achieved for the performance level set for September 2023. The rates lowered by 0.01% from the original rates will be applied until the performance level is next confirmed in September 2026.

Revised interest rates: 0.7087% & 0.2375%. Original interest rates: 0.7187% & 0.2475%. Applicable period: From September 30, 2023 through September 30, 2026.

Loan amount: JPY 3,000 million. Borrowing date: March 30, 2023. Principal repayment date: March 30, 2033 and March 30, 2027.