Fukuoka REIT : Notice Concerning Borrowing of Funds

Provisional translation only

June 20, 2023

Fukuoka REIT Corporation

1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City

Zenji Koike

Executive Director

(Securities Code: 8968)

Asset Management Company:

Fukuoka Realty Co., Ltd.

1-2-25 Sumiyoshi, Hakata Ward, Fukuoka City

Zenji Koike

President and CEO

Inquiries:

Hiroyuki Ayabe

Executive Officer and General Manager

Finance Department

TEL: [phone]

Notice Concerning Borrowing of Funds

Fukuoka REIT Corporation (FRC) announces that it will conduct the borrowing of funds, as described below.

1. Borrowing of funds

1. Reason for borrowing Refinancing on existing borrowing
2. Outline of borrowing Borrowing 1 (long-termdebt)

1.	Lender:	The Hiroshima Bank, Ltd.
2. Amount:	0.5 billion yen
3.	Interest rate:	To be announced (Note1) Fixed interest rate
4.	Borrowing date:	June 30, 2023
5.	Borrowing method:	Loan agreement concluded on June 28, 2023.
6.	Repayment date:	June 29, 2029
7.	Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee
Borrowing 2 (long-term debt)
1.	Lender:	The Hiroshima Bank, Ltd.
2. Amount:	1.0 billion yen
3.	Interest rate:	To be announced (Note1) Fixed interest rate
4. Borrowing date:	June 30, 2023
5.	Borrowing method:	Loan agreement concluded on June 28, 2023.
6.	Repayment date:	June 28, 2030
7. Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee

(Note 1) Interest rate will be announced once determined.

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1. Outline of refinancing Refinancing 1 (short-termdebt)

1.	Lender:	The Nishi-Nippon City Bank, Ltd., Resona Bank, Limited, The Oita
			Bank, Ltd., The Bank of Nagasaki, Ltd., The Bank of Saga, Ltd
	2. Amount:	0.8 billion yen
3.	Interest rate:	Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35%
	4. Borrowing date:	May 31, 2023
5.	Borrowing method:	Submitted loan application form based on commitment line contract as
			of February 28, 2023.
6.	Repayment date:	June 30, 2023
	7. Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee
Refinancing 2 (short-term debt)
1.	Lender:	The Bank of Fukuoka Ltd., Resona Bank, Limited
	2. Amount:	0.7 billion yen
3.	Interest rate:	Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35%
	4. Borrowing date:	May 31, 2023
5.	Borrowing method:	Submitted loan application form based on commitment line contract as
			of July 29, 2022.
6.	Repayment date:	June 30, 2023
	7. Repayment method:	Lump-sum upon maturity
8.	Description:	No collateral, No guarantee
2. Status of Debt after Borrowing					(mm yen)
				Before borrowing	After borrowing	Change
Short-term debt (Note2)			1,500	0	(1,500)
Long-term debt			80,350	81,850	1,500
	Of which, long-term debt payable due within		［10,400］	［10,400］	［0］
	one year
Total				81,850	81,850	0
Investment corporation bonds			5,000	5,000	0
Total Interest-bearing debt			86,850	86,850	0

(Note2) The borrowings are used from committed credit line [13,000 mm yen]

3. Others

Concerning risks related to repayments of this borrowing, etc., there are no material changes from the "Investment risks" disclosed in the latest Securities Report for the 37th Fiscal Period (submitted on May 30, 2023).

*FRC's website isFukuoka REIT Corporation(fukuoka-reit.jp)

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