Ichigo Office REIT Investment Corporation decided to borrow funds via new loans (Term Loan XIX-A and Term Loan XIX-B) and enter into interest rate swaps to lock-in the interest rates on the loans. New Loan and Interest Rate Swap Rationale: The new loans will be used to repay part of an existing loan of JPY 6.37 billion. The remainder of the loan will be repaid from Ichigo Office's bond issuance announced on July 19, 2019. Details of the loan to be repaid are in Section 3 below. The terms of the new loans are 7.7 years and 6.2 years, respectively, longer than the loan being repaid, further strengthening Ichigo Office's financial position. Ichigo Office is fixing the interest rates on the two loans via swaps in order to hedge against any future rise in interest rates. Term Loan XIX-A: Lender SMBC, Mizuho Bank, Shinsei Bank, Aozora Bank, Resona Bank, ORIX Bank. Loan Amount: JPY 4.955 billion. Use of Proceeds: Repayment of existing loan (SMBC Syndicate Loan II (Term Loan 3)) Loan Date: July 31, 2019. Principal Repayment Date: March 25, 2027 (7.7 years). Principal Repayment Terms: Repayment will be made in full on the Principal Repayment Date. Interest Rate: 1M JPY TIBOR + 0.68% (p.a.). Interest Payment Date: 25th of each month following the Loan Date (the first payment date will be August 26, 2019 and the last payment date will be the same as the Principal Repayment Date). Collateralized: No. The swap will fix the interest rate for Term Loan XIX-A at 0.822%. However, the interest rate for the payment on the first payment date (from July 31, 2019 to August 26, 2019) will be 0.73028%. Term Loan XIX-B: Lender: Kagawa Bank. Loan Amount: JPY 413 million. Use of Proceeds: Repayment of existing loan (SMBC Syndicate Loan II (Term Loan 3)). Loan Date: July 31, 2019. Principal Repayment Date: September 25, 2025 (6.2 years). Principal Repayment Terms: Repayment will be made in full on the Principal Repayment Date. Interest Rate: 1M JPY TIBOR + 0.59% (p.a.) Interest Payment Date: 25th of each month following the Loan Date (the first payment date will be August 26, 2019 and the last payment date will be the same as the Principal Repayment Date). Collateralized: No. The swap will fix the interest rate for Term Loan XIX-B at 0.69825%. However, the interest rate for the payment on the first payment date (from July 31, 2019 to August 26, 2019) will be 0.64028%.