ORIX JREIT : Announces Prepayment of Loan

For Immediate Release

REIT Issuer:

ORIX JREIT Inc. (TSE: 8954)

Hiroshi Miura

Executive Director

Asset Management Company:

ORIX Asset Management Corporation

Yoshitaka Kamemoto

President and CEO

Inquiries:

Shinji Yamana

Executive Officer and CFO

TEL：[phone]

ORIX JREIT Announces Prepayment of Loan

TOKYO, June 3, 2022- ORIX JREIT Inc. ("OJR") announces that its asset management company, ORIX Asset Management Corporation, determined prepayment of loan as below.

1.	Details of prepayment
(1)	Details of prepayment loan
			Loan amount	Prepayment	Applicable	Drawdown	Maturity	Prepayment
		Lender	amount
		(million yen)	interest rate	date	date	date
			(million yen)
		MUFG	1,000	1,000	0.61630%	Oct. 19,	Sep. 20,	Jun. 20,
		Bank, Ltd.	2015	2022	2022
(2)	Prepayment fund source
		Partial proceeds from disposition of the property "Beside Kiba"(Note) executed on June 1, 2022.

Note: For the details of disposition, please refer to the press release "ORIX JREIT Announces Disposition of Properties 'Beside Kiba' and 'Cross Residence Kanazawa Kohrinbo'" dated March 31, 2022.

1. One-timecost for prepayment
   A nominal up-front fee will be expensed by OJR upon prepayment, however the impact on OJR's DPU is negligible.

Note: The up-front fee refers to the fee paid to the lender when the debt financing was implemented. OJR is taking an accounting process whereby depreciation is distributed evenly during the borrowing period and it will expense the remaining depreciation as a lump-sum when the prepayment is made.

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2. Change in interest-bearing liabilities and LTV post-issuance

Unit: million yen

Pre-issuance	Post-issuance	Change
(As of June 3, 2022)	(As of June 20, 2022)

＿ Short-term loans	―	―	―
	Long-term loans	267,137	266,137	-1,000
	Total of loans	267,137	266,137	-1,000
	Investment corporation bonds	30,500	30,500	―
	Sum of loans and investment	297,637	296,637	-1,000
	corporation bonds
	LTV based on total	43.6%	43.5%	-0.1%
	assets (Note)

Notes: "LTV based on total assets" (%) = Interest-bearing liabilities ÷ Expected total assets × 100

"Expected total assets" is calculated by adding or subtracting the increase or decrease amount of interest- bearing liabilities and unitholders' capital since March 1, 2022 to the total assets as of the end of the 40th fiscal period ended February 28, 2022. LTV figure is rounded to the one decimal place. Accordingly, change in the LTV figures may not tally due to rounding error.

3. Additional information for investors

With respect to the risks associated with the issuance of the investment corporation bonds, the content of "Investment Risks" stated in our Security Report (Yukashoken Hokokusho) for the 40th fiscal period ended February 28, 2022, has not changed.

Note

This is the English translation of original Japanese documents and is provided solely for information purposes. If there are any discrepancies between the translation and the Japanese original, the latter shall prevail.

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