Daiwa Office Investment : Notice Concerning Borrowing of Funds(PDF：76.3KB)

This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.

January 21, 2020

REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976)

Representative: Motoi Takahashi, Executive Director

Asset Manager: Daiwa Real Estate Asset Management Co. Ltd.

Representative: Toshio Fukushima, President and Representative Director

Inquiries to: Takashi Chiba, General Manager, Corporate Division (Tel: [phone])

Notice Concerning Borrowing of Funds

We hereby give notice that Daiwa Office Investment Corporation (the "Investment Corporation") decided today to borrow a total of 5,000 million yen (the "Borrowing").

1. Details for the Borrowing

Scheduled Lender	Loan		Scheduled	Borrowing /	Repayment
Amount	Interest Rate	Borrowing	Repayment
(Note1)	Date
(million yen)		Date	Method
Sumitomo Mitsui Banking		1 month Japanese Yen			2021/1/29
Corporation	2,000	TIBOR + 0.25%
		(Note2)
Sumitomo Mitsui Trust Bank,		1 month Japanese Yen
1,000	TIBOR + 0.25%			2021/1/29
Limited		Unsecured
	(Note2)
		2020/1/31	repayment
		1 month Japanese Yen	in lump
			sum
MUFG Bank, Ltd.	1,000	TIBOR + 0.25%		2021/1/29
		(Note2)
		1 month Japanese Yen
Mizuho Bank, Ltd.	1,000	TIBOR + 0.25%			2021/1/29
		(Note2)

(Note1) The contracts have not yet been concluded as of today. Therefore it is stated as "Scheduled".

(Note2)Interest payments shall be made at the end of February, May, August and November (If any such date is not a business day, the immediately following business day; and if such date falls within the next month, the preceding last business day). Interest rate is calculated based on 1 month Japanese Yen TIBOR which Japanese Bankers Association ("JBA") announces two business days prior to the first day of the loan period.

1. Please refer to the website of JBA TIBOR Administration (http://www.jbatibor.or.jp/english/rate/) for Japanese Yen
   TIBOR.

1. Reason for the Borrowing
   The loan of 5,000 million yen on January 31, 2020 will be provided for the repayment of 5,000 million yen borrowed in total due on January 31, 2020.
2. Date of Signing Contract January 22, 2020

Note: This press release was prepared as a public announcement regarding borrowing of Funds.

1. Status of Interest-Bearing Liabilities after the Borrowing
   Please refer to "Reference" for the status of interest-bearing liabilities after the Borrowing.
2. Other Matters Required for Investors to Appropriately Understand and Evaluate the Above Information
   There arises no change in the content of the investment risks described at "1. Fund Information, 1-1 Status of Fund, 1-1-3 Investment Risk" of the Yukashouken Houkokusyo filed as of August 22, 2019 with respect to the risks involved in repayment of the Borrowing.
3. • End -

[Reference]

1. Outstanding Balance of Interest-Bearing Liabilities after the Borrowing

January 31, 2020		(Unit: million yen)
		Before	After	Increase/
		the
		the Borrowing	Decrease
		Borrowing
	Short-term loans (loan period: 1 year or less)	33,100	33,100	0
	(Note)
	Long-term loans (loan period: over 1 year)	166,250	166,250	0
	Total loans	199,350	199,350	0
	Investment corporation bonds	5,100	5,100	0
	Total interest-bearing liabilities	204,450	204,450	0

(Note) The shot-term loans include long-term loans to be repaid within 1 year.

1. Ratio of Floating-Rate and Fixed-RateInterest-Bearing Liabilities after the

Borrowing

January 21, 2020		(Unit: million yen)
		Total amount of interest-bearing	Ratio
		liabilities
	Floating-rateinterest-bearing liabilities	36,500	17.9%
	Fixed-rateinterest-bearing liabilities*	167,950	82.1%

• Fixed-rateinterest-bearing liabilities include debts changed from floating-rate to fixed-rate through swap transactions.

* Website URL of the Investment Corporation:

http://www.daiwa-office.co.jp/en/

Note: This press release was prepared as a public announcement regarding borrowing of Funds.