Ｊプライム（8955） – Notice Concerning Partial Early Repayment of Borrowing

For Translation Purposes Only For Immediate Release January 12, 2022 Japan Prime Realty Investment Corporation Yoshihiro Jozaki, Executive Officer (Securities Code: 8955) Asset Management Company: Tokyo Realty Investment Management, Inc. Yoshihiro Jozaki, President and CEO Inquiries: Yoshinaga Nomura, Director and CFO (TEL: +81-3-3516-1591) Notice Concerning Partial Early Repayment of Borrowing Japan Prime Realty Investment Corporation (“JPR”) today announced its decision to make early repayment of the part of borrowing as outlined below. 1. Date of Repayment and Details of Borrowing Repaid Date of Repayment: January 21, 2022 (planned) Details Lender Amount before Repayment Amount of Repayment Amount after Repayment Drawdown Date ¥7,400 million ¥3,000 million ¥4,400 million December 24, 2021 Prescribed Repayment Date July 5, 2022 Mizuho Bank, Ltd. 2. Funds for Repayment In the repayment of the borrowing, 3 billion yen will be funded by the proceeds to be received from the issue of new investment units through the public offering (“Offering”), in which payment for the investment units by the purchasers is scheduled to be completed on January 18, 2022. For details of the proceeds from the issue of new investment units through the Offering, please refer to the “Notice Concerning Issue of New Investment Units and Secondary Offering, and Cancellation of Shelf Registration for the Issuance of New Investment Units” announced on January 4, 2022 and “Notice Concerning Determination of Price, etc. for the Issue of New Investment Units and Secondary Offering” separately announced today. (Yen in millions) Balance before Repayment Balance after Repayment Change 3. Situation of Debts after the Repayment Short-Term Loans Payable Long-Term Loans Payable Investment Corporation Bonds Interest-Bearing Debt Ratio of Interest-Bearing Debt to Total Assets (Note 2) 12,000 157,000 37,900 206,900 41.8% 9,000 157,000 37,900 203,900 40.3% (3,000) – – (3,000) (1.5%) (Note 1) Long-term loans payable and investment corporation bonds each include the current portions. (Note 2) Ratio of Interest-Bearing Debt to Total Assets mentioned above is calculated using the following formula and then rounded to the first decimal place. Ratio of Interest-Bearing Debt to Total Assets (%) = Interest-Bearing Debt ÷ Total Assets x 100 Total Assets is calculated by adding or subtracting the increase or decrease in Interest-Bearing Debt after the end of the fiscal period ended June 30, 2021 and unitholders’ capital (including the total purchase price of 13.5billion yen for the new investment units issued via the Offering, and the total purchase price (maximum) of 0.6billion yen for the new investment Note: This document is a press release for a public announcement regarding the partial early repayment of borrowing and has not been prepared for the purpose of soliciting any investment. We request readers to undertake investment decisions at their own responsibility and judgment after having read carefully the prospectus and notice of amendments (if issued) for the issuance of new investment units and secondary offering prepared by JPR. units issued by way of third-party allotment (“Third-Party Allotment”), in which payment for the investment units by the allottee is scheduled to be completed on February 16, 2022.) to the total assets as of the end of the fiscal period ended June 30, 2021. There may be cases where there will be no subscription to the investment units offered in the Third-Party Allotment in whole or in part, and accordingly the final number of investment units placed by the Third-Party Allotment decrease to that extent due to forfeiture, or such allotment itself will not take place at all. Therefore, the total purchase price for the new investment units issued by way of the Third-Party Allotment may differ from the figure mentioned above, resulting in Total Assets and Ratio of Interest-Bearing Debt to Total Assets after the Repayment to differ from the figures mentioned above as well. 4. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information There will be no changes made to the content of the investment risk indicated in the Securities Registration Statement filed on January 4, 2022 with respect to the risks involved in repayment, etc. of the current borrowings. Note: This document is a press release for a public announcement regarding the partial early repayment of borrowing and has not been prepared for the purpose of soliciting any investment. We request readers to undertake investment decisions at their own responsibility and judgment after having read carefully the prospectus and notice of amendments (if issued) for the issuance of new investment units and secondary offering prepared by JPR.