Mitsui Fudosan Logistics Park : Notice Concerning Borrowing of Funds

January 31, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer:

Mitsui Fudosan Logistics Park Inc.

(Securities Code: 3471)

6-8-7 Ginza, Chuo-ku, Tokyo 104-0061

Representative: Hiroshi Asai, Executive Director

Asset Management Company:

Mitsui Fudosan Logistics REIT Management Co., Ltd.

Representative: Yukio Yoshida, President and Chief

Executive Officer

Inquiries: Tatsu Makino, Managing Director and Chief

Financial Officer

Tel. [phone]

Notice Concerning Borrowing of Funds

Mitsui Fudosan Logistics Park Inc. ("MFLP-REIT") today resolved on a debt financing (the "Borrowing") hereby announces as follows:

I. Borrowing

1. Details of Borrowing A. Short-term borrowing

Lender	Amount	Interest rate	Borrowing	Repayment	Repayment method,
date	date	Collateral etc.
	¥3,000	Base rate	February 2,	February 16,	Bullet repayment,
Mizuho Bank, Ltd.	+0.035%	Unsecured and non-
million	2022	2022
	(*1)	guaranteed
Sumitomo Mitsui Trust	¥2,000	Base rate	February 2,		Bullet repayment,
+0.05%	May 2, 2022	Unsecured and non-
Bank, Limited	million	2022
(*2)		guaranteed
The Bank of Fukuoka,	¥2,000	Base rate	February 2,		Bullet repayment,
+0.05%	May 2, 2022	Unsecured and non-
Ltd.	million	2022
(*2)		guaranteed
Total of short-term	¥7,000	-	-	-	-
borrowing	million

(Note 1) The interest payment date is the repayment date. The base interest rate is calculated by linear interpolation of the JBA one-week Japanese Yen TIBOR and one-month Japanese Yen TIBOR published by JBA TIBOR Administration two business days prior to the borrowing date.

(Note 2) The interest payment date is the repayment date. The base interest rate is the JBA three-month Japanese Yen TIBOR published by JBA

Note: This document is a press release that is to be made publicly available regarding the borrowing of funds by MFLP-REIT, and has not been prepared for the purpose of solicitation of investment.

In addition, this document does not constitute an offer of securities in the U.S. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities referred to above may not be

offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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TIBOR Administration two business days prior to the borrowing date.

The JBA Japanese yen TIBOR can be found on the website of the JBA TIBOR Administration (https://www.jbatibor.or.jp/english/rate/).

B. Long-term borrowing

Lender	Amount	Interest rate(*1)	Borrowing	Repayment	Repayment method,
date	date(*2)	Collateral etc.
	¥700	0.3813%		February 2,	Bullet repayment,
Sumitomo Mitsui	million	February 2,	2029
			Unsecured and non-
Banking Corporation			2022
¥700		August 4,
0.5538%	guaranteed
	million		2031
	¥1,400		February 2,	August 2,	Bullet repayment,
Resona Bank, Limited	0.5538%	Unsecured and non-
million	2022	2031
		guaranteed
Sumitomo Mitsui Trust	¥1,200		February 2,	February 2,	Bullet repayment,
0.2375%	Unsecured and non-
Bank, Limited	million	2022	2027
	guaranteed
	¥1,200		February 2,	February 2,	Bullet repayment,
Mizuho Bank, Ltd.	0.5813%	Unsecured and non-
million	2022	2032
		guaranteed
The Bank of Fukuoka,	¥1,200		February 2,	February 2,	Bullet repayment,
0.5813%	Unsecured and non-
Ltd.	million	2022	2032
	guaranteed
	¥1,200		February 2,	February 3,	Bullet repayment,
Shinkin Central Bank	0.5263%	Unsecured and non-
million	2022	2031
		guaranteed
	¥1,200		February 2,	February 3,	Bullet repayment,
The Norinchukin Bank	0.5263%	Unsecured and non-
million	2022	2031
		guaranteed
Nippon Life Insurance	¥1,200		February 2,	February 2,	Bullet repayment,
0.5813%	Unsecured and non-
Company	million	2022	2032
	guaranteed
Sumitomo Life	¥1,200		February 2,	February 2,	Bullet repayment,
0.5813%	Unsecured and non-
Insurance Company	million	2022	2032
	guaranteed
	¥1,000		February 2,	August 4,	Bullet repayment,
Momiji Bank Ltd.	0.5538%	Unsecured and non-
million	2022	2031
		guaranteed
	¥1,000		February 2,	August 4,	Bullet repayment,
The Keiyo Bank, Ltd.	0.5538%	Unsecured and non-
million	2022	2031
		guaranteed
	¥1,000		February 2,	February 2,	Bullet repayment,
The Iyo Bank, Ltd.	0.5813%	Unsecured and non-
million	2022	2032
		guaranteed

Note: This document is a press release that is to be made publicly available regarding the borrowing of funds by MFLP-REIT, and has not been prepared for the purpose of solicitation of investment.

In addition, this document does not constitute an offer of securities in the U.S. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities referred to above may not be

offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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The Yamagata Bank,	¥1,000		February 2,	February 2,	Bullet repayment,
0.5813%	Unsecured and non-
Ltd.	million	2022	2032
	guaranteed
The Yamaguchi Bank,	¥800		February 2,	August 4,	Bullet repayment,
0.5538%	Unsecured and non-
Ltd.	million	2022	2031
	guaranteed
Mitsui Sumitomo	¥800		February 2,	February 2,	Bullet repayment,
Insurance Company,	0.3813%	Unsecured and non-
million	2022	2029
Limited		guaranteed
	¥800		February 2,	August 4,	Bullet repayment,
Shinsei Bank, Limited	0.5538%	Unsecured and non-
million	2022	2031
		guaranteed
The Yamanashi Chuo	¥800	0.5538%	February 2,	August 4,	Bullet repayment,
Unsecured and non-
Bank, Ltd.	million	2022	2031
	guaranteed
The Chugoku Bank,	¥800		February 2,	February 2,	Bullet repayment,
0.3813%	Unsecured and non-
Ltd.	million	2022	2029
	guaranteed
The Hyakugo Bank,	¥800		February 2,	August 4,	Bullet repayment,
0.5538%	Unsecured and non-
Ltd.	million	2022	2031
	guaranteed
Daishi Hokuetsu Bank,	¥800		February 2,	February 2,	Bullet repayment,
0.3813%	Unsecured and non-
Ltd.	million	2022	2029
	guaranteed
	¥500		February 2,	February 2,	Bullet repayment,
The Chiba Bank, Ltd.	0.3813%	Unsecured and non-
million	2022	2029
		guaranteed
	¥300		February 2,	February 2,	Bullet repayment,
MUFG Bank, Ltd.	0.2025%	Unsecured and non-
million	2022	2026
		guaranteed
Total of long-term	¥21,600	-	-	-	-
borrowing	million

(Note 1) Interest rate is fixed until the repayment date. The first interest payment date is the last day of July 2022, and thereafter the interest payment date will be the last day of January and July until and including the repayment date. (If each interest payment date is not a business day, such interest payment date shall be on the next business day. Provided, however, that such interest payment date shall be on the preceding business day if such next business day falls into the next month.)

(Note 2) If each repayment date is not a business day, such repayment date shall be on the next business day. Provided, however, that such repayment date shall be on the preceding business day if such next business day falls into the next month.

Note: This document is a press release that is to be made publicly available regarding the borrowing of funds by MFLP-REIT, and has not been prepared for the purpose of solicitation of investment.

In addition, this document does not constitute an offer of securities in the U.S. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities referred to above may not be

offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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2. Reason for Borrowing

Funds are to be allocated towards a part of the purchase price of the real estate trust beneficiary interests (the "Anticipated Acquisitions") and the related costs, referred to in the press release "Notice Concerning Acquisition and Leasing of Assets" announced on January 11, 2022.

3. Amount, specific use of proceeds and expected date of expenditure of funds to be procured

(1) Amount of funds to be procured

¥28,600 million

(2) Specific use of proceeds of funds to be procured

Funds are to be allocated towards a part of financing for the Anticipated Acquisitions and the related costs.

1. 1. Expected date of expenditure February 2, 2022
2. Status of the borrowings after execution of Borrowing

			(Unit: millions of yen)
	Prior to execution	After execution	Change
Short-term borrowing(*)	0	7,000	7,000
Long-term borrowing(*)	94,400	116,000	21,600
Total borrowing	94,400	123,000	28,600
Investment corporation bonds	3,000	3,000	0
Total of borrowing and	97,400	126,000	28,600
investment corporation bonds

(Note) "Short-term borrowing" refers to borrowing with a maturity of one year or less from the borrowing date. "Long-term borrowing" refers to borrowing with a maturity of more than one year from the borrowing date.

III. Other

Concerning the risks of the Borrowing, there are no material changes in the details of risks as described in "Part II Reference information / 2. Information supplementary to reference documents / 4. Investment Risks" of the Securities Registration Statement submitted on January 11, 2022.

We did not publish an English version of the Securities Registration Statement.

End

*MFLP-REIT's corporate website: https://www.mflp-r.co.jp/en/

Note: This document is a press release that is to be made publicly available regarding the borrowing of funds by MFLP-REIT, and has not been prepared for the purpose of solicitation of investment.

In addition, this document does not constitute an offer of securities in the U.S. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities referred to above may not be

offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States.

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