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CRE Logistics REIT: Notice concerning the conclusion of an interest rate swap contract

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September 9, 2021

For immediate release

Name of REIT Issuer:

CRE Logistics FPI, Inc.

2-10-1, Toranomon, Minato-ku, Tokyo, Japan

Tsuyoshi Ito, Executive Director

(Code TSE: 3487)

Asset manager

CRE REIT Advisers, Inc.

Tsuyoshi Ito, President

Contact person :

Hirohisa Toda, Head of Business Planning

Phone. : + 81-3-5575-3600

Notice Regarding Entering into an Interest Rate Swap Agreement

CRE Logistics REIT, Inc. (“CRE REIT”) announces that it has entered into an interest rate swap agreement today on certain of the borrowings announced on September 2, 2021 in the “Notice Regarding the Borrowing of Funds (including the green loan) ”.

1. Reason for entering into the interest rate swap contract

The interest rate swap contract was entered into to hedge the risk of interest rate volatility by setting future interest rates on

long-term loans payable from 4000 million yen and long-term loans payable of 3,500 million yen at a floating interest rate scheduled for subscription on September 15, 2021.

(Note) For more details on the above loans, please refer to the “Notice Regarding Borrowing of Funds (Including Green Loan)” published on September 2, 2021.

2. Details of the interest rate swap contract

Notional

Interest rate (note 1)

Beginning

Termination

Counterparty

main

Fixed interest

Floating interest

Dated

Dated

(million yen)

rate to pay

rate receivable

0.071??

JBA three-

September 15th

March, 31st,

Nomura Securities Co., Ltd.,

4000

japanese month

(Note 2)

2021

2027

Yen TIBOR

0.076??

JBA three-

September 15th

September

Nomura Securities Co., Ltd.,

3,500

japanese month

(Note 3)

2021

30, 2027

Yen TIBOR

(Note 1) The first interest payment date is December 30, 2021 and subsequent interest payment dates are the last days of every three months thereafter. The final interest payment date is the termination date.

(Note 2) Under the interest rate swap agreement, the interest rate on long-term loans payable of 4,000 million yen is effectively set at 0.546??. The fourth decimal place is rounded off.

(Note 3) Under the interest rate swap agreement, the interest rate on long-term loans payable of 3,500 million yen is effectively set at 0.576??. The fourth decimal place is rounded off.

Disclaimer: This press release is intended to publicly disclose the conclusion of an interest rate swap agreement by CRE REIT, and does not constitute an offer to sell or a solicitation of an offer to sell. purchase of CRE REIT securities in the United States or elsewhere. Any investment decision should be made based on your own judgment. This press release does not constitute an offer of securities in the United States of America. The investment shares have not been and will not be registered under the

State Securities Act of 1933 (the “Securities Act”). Investment shares cannot be offered or sold in the United States

lack of registration or exemption from registration under the Securities Act. The investment units mentioned above will not be offered, publicly or otherwise, in the United States.

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3. Future prospects

The impact of this matter is insignificant and the operating results forecast for the year ending in December

December 31, 2021 and the year ending June 30, 2022 announced in the “Notice concerning the revision of the forecast of operating results for the period ending December 31, 2021 and the period ending June 30, 2022” published on September 2, 2021 remain unchanged.

* CRE Logistic REIT, Inc. website: https://cre-reit.co.jp/en/

Disclaimer: This press release is intended to publicly disclose the conclusion of an interest rate swap agreement by CRE REIT, and does not constitute an offer to sell or a solicitation of an offer to sell. purchase of CRE REIT securities in the United States or elsewhere. Any investment decision should be made based on your own judgment. This press release does not constitute an offer of securities in the United States of America. Investment Shares have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”). Investment Units may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The investment units mentioned above will not be offered, publicly or otherwise, in the United States.

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Disclaimer

FPI Logistique CRE inc. published this content on September 09, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 09 September 2021 03:01:02 AM UTC.


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