いちごオフィスリート投資法人（8975） – Interest Rate Swaps

Make The WorldMore Sustainable [Provisional Translation Only] This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail. May 27, 2022 Issuer Ichigo Office REIT Investment Corporation (“Ichigo Office,” 8975) 1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo Representative: Yoshihiro Takatsuka, Executive Director www.ichigo-office.co.jp/en Asset Management Company Ichigo Investment Advisors Co., Ltd. Representative: Hiroshi Iwai, President Inquiries: Norio Nagamine, Head of Ichigo Office Tel: +81-3-3502-4891 Interest Rate Swaps Ichigo Office has fixed the interest rates for the first payment date of the three loans announced in the May 26, 2022 release “New Loans.” Ichigo Office also executed interest rate swaps to lock in the interest rates on the three loans (total JPY 9,629 million). 1. Interest Rates Loan Date Lenders Loan Amount (JPY million) Interest Rate for First Payment Repayment Date (Loan Term) Repayment Terms Collateralized 2,589 0.56999% (p.a.)1 May 25, 2027 (5.0 years) May 31, 2022 1,564 0.62999% (p.a.)1 May 25, 2028 (6.0 years) Lump-sum repayment No SMBC Mizuho Bank MUFG Bank The Bank of Fukuoka Nishi-Nippon City Bank SMBC Mizuho Bank Resona Bank Shinsei Bank Aozora Bank Nishi-Nippon City Bank SMBC Mizuho Bank Resona Bank Shinsei Bank Aozora Bank Nishi-Nippon City Bank 5,476 0.74999% (p.a.)1 May 27, 2030 (8.0 years) 1 The term for the first interest payment date is May 31, 2022 through July 25, 2022. Note: The base rate for the loans will be JPY TIBOR as published by the Japanese Bankers Association (JBA) two business days before each interest payment date. For current JPY TIBOR rates, please visit the JBA’s website: www.jbatibor.or.jp/english/rate 1 2. Swap Details Counterparty Notional (JPY million) Contract Start Date Contract End Date Fixed Interest Rate (Pay) Floating Interest Rate (Receive) Mizuho Bank 2,589 May 31, 2022 0.71770% Mizuho Bank 1,564 May 31, 2022 0.81630% Mizuho Bank 5,476 May 31, 2022 1.01930% May 25, 2027 (5.0 years) May 25, 2028 (6.0 years) May 27, 2030 (8.0 years) 3M JPY TIBOR +0.50%(p.a.) 3M JPY TIBOR +0.56%(p.a.) 3M JPY TIBOR +0.68%(p.a.) 3. Earnings Impact The impact of the new loans and interest rate swaps on Ichigo Office’s October 2022 fiscal period earnings is minimal and thus there is no change to the forecast presented in Ichigo Office’s December 14, 2021 release “October 2021 Fiscal Period Earnings.” Risks related to the new loans have no material impact on the “Investment Risks” described in the latest Financial Report submitted on January 27, 2022. 4. Other 2