Daiwa Securities Living Investment Corporation has decided to refinance the borrowings of ¥4,250 million in total (hereinafter referred to as the "Refinancing"). Reason for the Borrowings: The Investment Corporation has decided to enter into new borrowings for purpose of refinancing the existing borrowings of totaling ¥4,250 million, which are due for repayment on June 24, 2024. The Investment Corporation has decided to borrow a total of ¥4,250 million from financial institutions with existing transactions and a new institution.

Term Loans 24H: The company borrowing the loan from MUFG Bank Ltd., Aozora Bank Ltd. and The Bank of Fukuoka Ltd. an amount of ¥500 million, ¥1,200 million and ¥450 million respectively, with an Interest rate of 3-month JBA Japanese Yen TIBOR+0.5200%, on June 24, 2024, Method: Unsecured, Lump-sum repayment on the due date. Due date: March 31, 2032. Individual Loans: The company borrowing the loan from Sumitomo Mitsui Banking Corporation and The Juhachi-Shinwa Bank Ltd. an amount of ¥1,500 million and ¥6000 million respectively, with an Interest rate of 3-month JBA Japanese Yen TIBOR+0.5200%, on June 24, 2024, Method: Unsecured, Lump-sum repayment on the due date.

Due date: March 31, 2032.