United Urban Investment : Notice Concerning Debt Financing (Amount of Borrowing and Drawdown Date)

For Translation Purposes Only

December 23, 2022

For Immediate Release

United Urban Investment Corporation

Toshiaki Emon

Executive Officer

(Securities Code: 8960)

Asset Management Company:

Japan REIT Advisors Co., Ltd.

Norimasa Gaun

President and CEO

Inquiries:

Shuichi Kamizono

Chief Financial Officer

TEL: [phone]

Notice Concerning Debt Financing (Amount of Borrowing and Drawdown Date)

United Urban Investment Corporation ("United Urban") hereby announces the amount of borrowing and the drawdown date for the debt financing as set forth below.

1. Details of Debt Financing

Title	Balance	Interest Rate	Drawdown Date	Maturity Date	Remarks
(Note 1)	(Millions of yen)
		Basic interest rate
Term Loan 68C	330	(JBA 1 month JPY	January 6, 2023	December 20,	Unsecured /
(First drawdown)	TIBOR) + 0.12%	2023	ungranted
		(Note 2)

(Notes)

1. For details of the borrowing, please refer to the press release "Notice Concerning Debt Financing (Miyanomori Nijo Development Project)" dated December 16, 2022.

2. The basic interest rate applicable to a computation period of interest which is paid on the Interest Payment Date (Japanese Bankers Association

("JBA") 1 month JPY TIBOR) is determined two business days prior to the previous Interest Payment Date. For the basic interest rate (JBA 1 month JPY TIBOR), please see the website of JBA TIBOR Administration (https://www.jbatibor.or.jp/english/).

2. Balance of Borrowings and Other Interest-Bearing Liabilities after the Debt Financing (Note 1)

				(Millions of yen)
		Before Borrowings	After Borrowings	Change
	Short-term Borrowing (Note 2)	-	330	+330
	Long-term Borrowing (Note 3)	280,103	280,103	-
	Total	280,103	280,433	+330
	Corporate Bonds (Note 4)	36,500	36,500	-
	Total Interest-bearing Liabilities	316,603	316,933	+330

(Notes)

1. Amounts are rounded down to the nearest million yen. Accordingly, adding or subtracting the above interest-bearing liabilities amounts, it is not always equal to the total amount or the amount of increase or decrease. The latest information about borrowings and other interest-bearing liabilities is disclosed on United Urban's website.
2. "Short-termborrowing" means a borrowing lasting within one year from the drawdown date to the repayment date.
3. "Long-termborrowing" (including debt financing by joint money trust (UUR Green Trust)) means a borrowing lasting over one year from the drawdown date to the repayment date and includes long-term borrowings to be repaid within one year.
4. "Corporate bonds" include Green bonds and Sustainability bonds.

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3. Other

For the risks concerning repayment of the borrowings, there are no significant changes from "Risks concerning Borrowings and Investment Corporate Bonds" of "Investment Risks" described in the thirty-seventh fiscal period Securities Report (filed on August 25, 2022).

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