Nippon Accommodations Fund Inc. announced that it has decided to borrow funds as below: Details of loan are: Lender is SBI Shinsei Bank, Limited; Loan Amount is JPY 1.0 billion. Interest rate is 1.186%. Loan Type & Repayment Method: Unsecured & unguaranteed, Bullet repayment; Date of Loan is January 19, 2023.

Date of maturity is January 31, 2033. Use of Funds: Funds are to be allocated to the repayment of borrowings as detailed below. Lender is Shinsei Bank, Limited.

Loan Amount is JPY 1.0 billion. Date of Loan is July 19, 2013. Date of maturity is January 19, 2023.