Industrial & Infrastructure Fund Investment Corporation announced its decision concerning debt financing related to refinancing. To diversify the maturity ladder, IIF has decided to refinance the investment corporation bond and the existing debt due for repayment on June 26, 2024, and June 28, 2024. Overview of the new debt financing: Borrowing Period: 9.6 years.

Amount: JPY 2,000 million. Fixed /Float: Fixed. Lender: Mizuho Trust & Banking Co.

Ltd. Contract Execution Date: June 12, 2024. Scheduled Borrowing Date: June 28, 2024. Maturity Date: January 31, 2034.

Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment. Borrowing Period: 9.6 years. Amount: JPY 1,000 million.

Fixed /Float: Fixed. Lender: The Chiba Bank Ltd. Contract Execution Date: June 12, 2024. Scheduled Borrowing Date: June 28, 2024.

Maturity Date: January 31, 2034. Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment. Borrowing Period: 9.6 years.

Amount: JPY 1,000 million. Fixed /Float: Fixed. Lender: Asahi Shinkin Bank.

Contract Execution Date: June 12, 2024. Scheduled Borrowing Date: June 28, 2024. Maturity Date: January 31, 2034.

Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment. The interest payment will start on September 30, 2024, followed by the last days of March, June, September, and December until the maturity date (if the corresponding date falls on a non-business day, the immediately preceding business day is adopted), and maturity date. The interest rate will be determined on or before the scheduled borrowing date pursuant to the loan agreement entered on June 12, 2024.

The announcement of the interest rate will be made at the time of determination. Description of the investment corporation bond and the existing loan subject to repayment: Borrowing Period: 10.0 years. Amount: JPY 2,000 million.

Fixed /Float: Fixed. Interest Rate: 0.89000%. Lender: Industrial & Infrastructure Fund Investment Corporation The Third Investment Corporation Bonds.

Scheduled Borrowing Date: June 26, 2014. Maturity Date: June 26, 2024. Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment.

Borrowing Period: 11.0 years. Amount: JPY 2,000 million. Fixed /Float: Fixed.

Interest Rate: 1.75000%. Lender: Nippon Life Insurance Company. Contract Execution Date: June 26, 2013.

Scheduled Borrowing Date: June 28, 2013. Maturity Date: June 28, 2024. Remarks, Repayment Method: Unsecured and unguaranteed, lump sum repayment.