Notice Concerning Execution and Repayment of Short-term Borrowing

February 5, 2026

6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Toshihide Ichikawa, Executive Director

(Securities Code: 8964)

Asset Management Company: Mitsui Fudosan Frontier REIT Management Inc.

Shigekazu Yokochi Chief Executive Officer and Representative

Director

Inquiries: Mitsui Fudosan Frontier REIT Management Inc.

Morio Shibata Chief Finance Officer and Director

Tel: +81-3-3289-0440

Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that today it has decided to execute short-term borrowing. The Investment Corporation, additionally, announces it would repay short-term borrowing on February 9, 2026. Details are provided below.

1. Execution of Short-term Borrowing

   1. Purpose

      To appropriate for the repayment of short-term borrowing as of January 9, 2026.

   2. Details

      ① Drawdown Date : February 9, 2026

      ② Repayment of Principal : Payment in full on the maturity date

      ③ Loan Type : Unsecured, Unguaranteed

      ④ Lender, Amount, Maturity Date and Interest Rate:

      Lender	Amount	Maturity Date	Interest Rate
      The Bank of Fukuoka, Ltd.	￥2,000 Million	March 9, 2026	0.90318% (Interest Rate is fixed until the maturity date.)

2. Repayment of Short-term Borrowing

   Details of the repayment of short-term borrowing on February 9, 2026 are as follows.

   Lender	Borrowing Amount	Drawdown Date	Maturity Date	Repayment of Principal	Loan Type
   The Bank of Fukuoka, Ltd.	￥2,000 Million	January 9, 2026	February 9, 2026	Payment in full on the maturity date	Unsecured Unguaranteed

3. Change in the Balance of Borrowings etc.

   (Unit : ￥Million)

   	Before This refinance	After This refinance	Variance
   Short-term Borrowings	2,000	2,000	-
   Long-term Borrowings	140,200	140,200	-
   Investment Corporation Bonds	13,500	13,500	-
   Total	155,700	155,700	-

   (*) Long-term Borrowings include the balance of borrowings due within one year.

4. Others

Regarding the loan repayment risk, there is no significant change to the "Investment risks" description in the latest securities report submitted on September 29, 2025.

Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/en/