Creating peace of mind through honest and committed management.

[Provisional Translation Only]

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

January 29, 2013

REIT Issuer

Ichigo Real Estate Investment Corporation (8975)

1-1-1, Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director

Asset Management Company

Ichigo Real Estate Investment Advisors Co., Ltd.

Representative: Wataru Orii, President & Representative Statutory Executive Officer
Inquiries: Minoru Ishihara, Executive Vice President & Statutory Executive Officer
Tel: 03-3502-4891

Notice of Determination of Interest Rate on Existing Loan

Ichigo Real Estate Investment Corporation hereby announces that the interest rate for the following existing loan has been fixed per the below:

Outstanding

Loan Bank Balance as of End Interest Rate (p.a.) Reference of January 2013

SMBC & Mizuho Trust Bank Syndicate Loan (Term Loan 1)

Sumitomo Mitsui

Banking Corporation

Mizuho Trust & Banking Co., Ltd.

Aozora Bank, Ltd. Shinsei Bank, Limited Resona Bank, Limited.

5,047 million yen

1.39417% [Effective Period] January 31, 2013 - April 29, 2013

"SMBC and Mizuho Trust-Led Refinancing and Repayment of Existing Loans," released on May 7, 2012

Website of Ichigo REIT: www.ichigo-reit.co.jp/english

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