Frontier Real Estate Investment Corporation announced that it has decided to execute long-term borrowing. The Investment Corporation, additionally, announces it would repay long-term borrowing on February 1, 2023. Details are provided below.

Lender: Sumitomo Mitsui Banking Corporation. Amount: Yen 3,000 Million. Maturity Date: February 3, 2031.

Interest Rate. Base interest rate (1-month JBA Japanese Yen TIBOR) +0.22500%(*) 2. Repayment of Long-term Borrowing Details of the repayment of long-term borrowing on February 1, 2023 are as follows. Lender: Sumitomo Mitsui Banking Corporation.

Amount: Yen 3,000 Million. Drawdown Date: February 1, 2013. Maturity Date: February 1, 2023.

Repayment of Principal: Payment in full on the maturity date. Loan Type: Unsecured Unguaranteed.