Advance Residence Investment: Debt Financing Notice and Signing of Interest Rate Swap Agreement

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February 14, 2022

For immediate release

Advance Residence Investment Corporation

Securities Code3269

1-105Kanda-Jinbocho, Chiyoda-ku, Tokyo

Wataru Higuchi, Executive Director

Asset management company:

AD Investment Management Co., Ltd.

Takeshi Takano, President

Requests:

Isao Kudo, director

PHONE. +81-3-3518-0480

Notice Regarding Debt Financing and Signing of Interest Rate Swap Agreement

Advance Residence Investment Corporation (ADR) announced that of the 5,900 million long-term loans footnote 1 Effective February 16, 2022, interest rates for the 1,300 million yen ten-year fixed rate tranche of the loan have been fixed as follows.

In addition, ADR announced that an interest rate swap agreement has been entered into to hedge against interest rate fluctuation risk for the ¥4,600 million ten-year floating rate tranche of the loan. , as detailed below.

1. Determination of the interest rate for fixed rate loans

(JPY: million)

Foreseen

Program

Main

Repayment

Main

Collateral/

Lender

Interest rate

Repayment

Sampling date

Quantity

Period

Repayment

Guarantee

Dated

February

0.49000%

February

Pay in full

Not guaranteed

MUFG Bank, Ltd.

1,300

10.0 years

on the

16, 2022

July 16, 2032

Not guaranteed

due date

Note 1 Please refer to the “Notice Regarding Debt Financing and Repayment of Debt” dated February 7, 2022 for further details.

1

[Provisional Translation]

The English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

2. Details of the interest rate swap agreement

  • Loan to cover: Long-term loans (4,600 million yen, 10 years)
  • Contractual date of the interest rate swap agreement: February 14, 2022

Notional

Contract

Contract

Repayment

Interest rate

Consideration

main

start date

end date

period

To pay

To receive

(mm yen)

(Fixed rate)

(Floating rate)

Mizuho Bank, Ltd.

4,600

February

February

10.0 years

footnote 2

3 months of yen

16, 2022

July 16, 2032

TIBORfootnote 2

0.33980%

Note 2 Interest payment dates are the last business day of January, April, July and October beginning April 28, 2022 and ending on the principal repayment date.

The above loan interest rate is to be basically set at 0.54980% by entering into the interest rate swap agreement.

About Advance Residence Investment Corporation

Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located primarily in central Tokyo and other major cities in Japan (AUM over 460 billion yen). ADR can be expected to have a stable long-term dividend and can be considered a defensive J-REIT, thanks to stable income from residential assets and with the largest dividend pool among J-REITs.

ADR website: https://www.adr-reit.com/en/

2

[Provisional Translation]

The English translation of the original Japanese document is provided for informational purposes only. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.

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