Fukuoka REIT : Notice Concerning Borrowing of Funds

Provisional translation only

September 19, 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

1. Outline of borrowing Borrowing 1 (short-termdebt)
2. 1. Lender:
   2. Amount:
   3. Interest rate:
   4. Borrowing date:
   5. Borrowing method:
   6. Repayment date:
   7. Repayment method:
   8. Description:

Borrowing 2 (short-term debt)

1. Lender:
2. Amount:
3. Interest rate:

4. Borrowing date:

1. Borrowing method:
2. Repayment date:
3. Repayment method:
4. Description:

The Nishi-Nippon City Bank, Ltd., Resona Bank, Limited, The Oita Bank, Ltd., The Bank of Nagasaki, Ltd., The Bank of Saga, Ltd.

2.0 billion yen

Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35% (Note 1) September 29, 2023

Submitted loan application form based on commitment line contract as of February 28, 2023.

October 31, 2023 Lump-sum upon maturity No collateral, No guarantee

The Bank of Fukuoka Ltd., Resona Bank, Limited 3.5 billion yen

Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35% (Note1) September 29, 2023

Submitted loan application form based on commitment line contract change agreement as of July 31, 2023

October 31, 2023 Lump-sum upon maturity No collateral, No guarantee

(Note 1) The applied base interest rate is the JBA 1-month Japanese Yen TIBOR two business days before the borrowing

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date. Moreover, JBA Japanese Yen TIBOR can be checked on the website of JBA TIBOR Administration.

http://www.jbatibor.or.jp/english/rate/

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:	6.9 billion yen
3.	Interest rate:	Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35%
	4. Borrowing date:	September 1, 2023
5.	Borrowing method:	Submitted loan application form based on commitment line contract as
			of February 28, 2023.
6.	Repayment date:	September 29, 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:	5.5 billion yen
3.	Interest rate:	Base interest rate (JBA 1-month Japanese Yen TIBOR) + 0.35%
	4. Borrowing date:	September 1, 2023
5.	Borrowing method:	Submitted loan application form based on commitment line contract as
			of July 31, 2023.
6.	Repayment date:	September 29, 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)			12,400	12,400	0
Long-term debt			81,450	81,450	0
	Of which, long-term debt payable due within		［5,200］	［5,200］	［0］
	one year
Total				94,250	94,250	0
Investment corporation bonds			5,000	5,000	0
Total Interest-bearing debt			98,850	98,850	0

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

The borrowings of short-term debt are included in the above although the difference of 6.9 billion yen between this loan and the loan to be refinanced is scheduled on September 29, 2023. More details will be announced later on.

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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