Nippon Building Fund Incorporation: Notice Regarding Debt Financing (Green Loan)

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March 14, 2022

To all parties concerned

REIT Issuer Name:

Nippon Building Fund Inc.

Koichi Nishiyama, Executive Director

(TSE Code: 8951)

Contact:

Asset management company

Nippon Building Fund Management Ltd.

Yoshiyuki Tanabe, President and CEO

Contact person:

Yukio Handa, General Manager

(TEL. +81-3-3516-3370)

Debt Financing NoticeGreen loan

Nippon Building Fund Inc. (“NBF”) hereby gives notice that the following has been decided as of March 14

2022 concerning a long-term loanGreen loan:

The description

1. Long-term borrowing

Rising

Interest

Expected date of

borrowing methods,

Refund due

Lender

Refund, Security

Borrowed

Rate

Implementation

Dated

and warranty, etc.

Insecure,

Japanese life

without warranty,

Assurance

5 billion yen

0.425%

March 23, 2022

repayable in a single payment

January 30, 2032

Company

amount to be repaid due

Dated

This long-term loan will be executed as a green loan in line with the green financing framework (Note 1) for which a second party opinion obtained from Sustainalytics.

(Note 1) For more details, please refer to the second part opinion of Sustainalytics (URL below). https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/nippon-building- fund-inc.-green-finance-second-party-opinion.pdf?sfvrsn=1b7abdb9_3

– 1 –

  1. Amount, use and expected date of expenditure of the products
    1. Amount to borrow 5 billion yen
    2. Specific use of the product
      Partial financing of the acquisition of Iidabashi Grand Bloom (CASBEE Real Estate Evaluation Certification S Rank) as announced by the “Notice of Acquisition and Disposal of Assets (Acquisition of Nakanoshima Mitsui Building and Other Property, and disposal of Toyo-cho Center Bldg. and two other properties)” dated January 6, 2022.
    3. Expected date of expenditure March 2022
  2. State of loans etc. following the financing

(Unit: million yen)

Before

After

To augment /

Funding

Funding

To diminish

Short-term loans

0

0

0

Long-term borrowings

26,000

26,000

0

(Variable interest rate)

Long-term borrowings

457,500

462,500

5,000

(Fixed interest rate)

Obligations

57,000

57,000

0

Total

540 500

545,500

5,000

4. Other Matters Required for Investors to Properly Understand and Evaluate the Above Information

There is no change in the content of the “Investment Risks” of the Securities Report submitted on September 29, 2021 with respect to redemption risks, etc. current debt financing.

To finish

This English notice is a translation of the Japanese notice dated March 14, 2022 and has been prepared solely for the convenience and reference of foreign investors. Neither FBN nor Nippon Building Fund Management Ltd. make no warranty as to its accuracy or completeness.

– 2 –

Warning

Nippon Building Fund Inc. published this content on March 14, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 14, 2022 06:23:06 UTC.

Public now 2022

All news from NIPPON BUILDING FUND INCORPORATION

2022 sales 99,026M
846M
846M
2022 net income 42,466M
363 million
363 million
Net debt 2022 488B
4,169 million
4,169 million
PER 2022 ratio 23.4x
2022 return 3.81%
Capitalization 1,090B
9,310M
9,310M
EV / Sales 2022 15.9x
EV / Sales 2023 18.1x
# of employees
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