Frontier Real Estate Investment : Notice Concerning Execution and Repayment of Short-term Borrowing

Translation Purpose Only

January 15, 2021

To All Concerned Parties

6-8-7 Ginza, Chuo-ku, Tokyo

Frontier Real Estate Investment Corporation

Takao Iwadou, Executive Director

(Securities Code: 8964)

Asset Management Company:

Mitsui Fudosan Frontier REIT Management Inc.

Shintaro Ono

Chief Executive Officer and Representative Director

Inquiries:

Mitsui Fudosan Frontier REIT Management Inc.

Teruyuki Hayashi

Chief Finance Officer and Director

Tel: [phone]

Notice Concerning Execution and Repayment of Short-term Borrowing

Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that it has decided to execute short-term borrowing. The Investment Corporation, additionally, announces it would repay short-term borrowing on January 19, 2021. Details are provided below.

1. Execution of Short-term Borrowing

(1)	Purpose
		To appropriate for the repayment of short-term borrowing as of October 19, 2020.
(2)	Details
①	Drawdown Date	: January 19, 2021
②	Repayment of Principal	: Payment in full on the maturity date
③	Loan Type	: Unsecured, Unguaranteed

• Lender, Amount, Maturity Date and Interest Rate:

Lender	Amount	Maturity Date	Interest Rate
The 77 Bank, Ltd.	￥1,000 Million	April 19,	0.12409%
2021	(Interest Rate is fixed until the maturity date.)

2. Repayment of Short-term Borrowing

Details of the repayment of short-term borrowing on January 19, 2021 are as follows.

Lender

Borrowing

Drawdown

Maturity

Repayment

Loan Type

Amount

Date

Date

of Principal

October 19,

January 19,

Payment in full

Unsecured

The 77 Bank, Ltd.

￥1,000 Million

on the maturity

2020

2021

Unguaranteed

date

3. Change in the Balance of Borrowings etc.

			(Unit	: ￥Million)
	Before	After		Variance
	This refinance	This refinance
Short-term Borrowings	1,000	1,000		－
Long-term Borrowings	104,900	104,900		－
Investment Corporation	11,000	11,000		－
Bonds
Total	116,900	116,900		－

1. Long-termBorrowings include the balance of borrowings due within one year.

4. Others

Regarding the loan repayment risk, there is no important change to the "Investment risks" description in the latest securities report submitted on September 29, 2020.

Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/eng/

Disclaimer

This information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before investing in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at their own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.