Tokyu REIT : Notice Concerning Short-Term Debt Financing (Determination of Interest Rate)

March 22, 2022

Real Estate Investment Trust Unit Issuer:

TOKYU REIT, Inc.

1-12-1, Dogenzaka,

Shibuya-ku, Tokyo, 150-0043, Japan

Kazuyoshi Kashiwazaki

Executive Director

(Securities Code: 8957)

Investment Management Company:

Tokyu Real Estate Investment Management Inc.

Representative:

Kazuyoshi Kashiwazaki

Representative Director & President, Chief Executive Officer

Inquiries:

Yuji Shimizu

General Manager, Finance and IR

TEL: [phone]

Notice Concerning Short-Term Debt Financing

(Determination of Interest Rate)

TOKYU REIT, Inc. ("TOKYU REIT") today announced that the interest rate for the short-term debt financing announced on March 17, 2022, has been determined. Details are as follows.

1. Short-Term Debt Financing (Determination of Interest Rate)

Classification	Short-Term Debt (Commitment Line)
Lender	MUFG Bank, Ltd.	Sumitomo Mitsui Trust	Mizuho Bank, Ltd.
Bank, Limited.
Debt	¥400 million	¥1,400 million	¥200 million
Financing Amount
Interest Rate		0.42057% (Fixed interest rate)
Borrowing Method		Lump-sum repayment on maturity
Drawdown Date		March 24, 2022
Maturity Date		April 1, 2022
Collateral		Unsecured, unguaranteed
Financing Fee		None

[Reference]

March 17, 2022 Notice Concerning Short-Term Debt Financing

This notice may contain forward-looking statements, such as current plans, strategies, and future performance. These forward-looking statements are based on judgments obtained from currently available information. Please be advised that, for a variety of reasons, actual results may differ materially from those discussed in the forward-looking statements. Events that might affect actual results include, but are not limited to, fluctuations of the real estate market in Japan, general conditions of the Japanese economy, competitive pressures and relevant regulations.

This notice is a translation of the original document in Japanese and is prepared solely for the convenience of non-Japanese speakers. There is no assurance as to the accuracy of the English translation. The original Japanese notice shall prevail in the event of any discrepancies between the translation and the Japanese original.

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