Notice Concerning Debt Finance (Green Loan)

February 24, 2026

For Immediate Release

NTT UD REIT Investment Corporation ("NUD") hereby announces that it has decided today to borrow funds (hereinafter, the "Debt Finance") as described below.

1. ‌Reason for the Debt Finance

   To fund the repayment of the loan of 2,000 million yen (Note) that is maturing on February 27, 2026.

   (Note) Reference: "Notice Concerning Debt Finance (Green Loan)" dated February 26, 2025.

2. ‌Details of the Debt Finance

   The Debt Finance involves the borrowing of one term loan (2,000 million yen in short-term loan). The details are provided in the following table.

   Contract Number (Term loan)	Lender	Amount of Debt Finance (million yen)	Borrowing date	Repayment Date	Maturity (years)	Interest Rate, etc	Borrowing/ Repayment Method
   167	Mizuho Bank, Ltd. (Green Loan) (Note 1)	2,000	February 27, 2026	February 26, 2027	1.0	Floating rate: Base interest rate + 0.12% (Note 2)	Unsecured/non-guaranteed and Lump-sum repayment upon maturity

   (Note 1) The Green Loan will be used to repay part of the borrowings procured for the acquisition of Eligible Green Assets of Granpark. NUD has acquired Green 1(F) rating, the highest assessment, in "JCR Green Finance Framework Evaluation" by Japan Credit Rating Agency, Ltd. (JCR), which is a third-party evaluation organization, regarding the eligibility of its Green Finance Framework.

   For details of the Framework, please refer to the NUD's website (https://nud-reit.co.jp/en/esg/greenfinance.html).

   (Note 2) The first interest payment date shall be March 31, 2026 and subsequent interest payment dates shall be the final day of each month and on the principal repayment date (or the preceding business day if the said date is not a business day).

   The base interest rate applied to the calculation period of the interest to be paid on the interest payment date will be the 1-month Japanese yen TIBOR on a day two business days prior to such interest payment date (provided, however, it is the borrowing date for the first period). In the event that the interest calculation period is more than 1-month or less than 1-month, the base rate corresponding to the interest calculation period shall be calculated using the method stipulated in the loan agreement.

   Details of the JBA Japanese Yen TIBOR can be checked on the JBA TIBOR Administration website(https://www.jbatibor.or.jp/english/).

3. ‌Outstanding Interest-Bearing Liabilities after the Debt Finance‌

   (million yen)

   			Prior to the Debt Finance	After the Debt Finance	Variation
   		Short-term loans	8,000	8,000	-
   		Long-term loans	132,050	132,050	-
   	Total loans		140,050	140,050	-
   	Corporate bonds		7,200	7,200	-
   Total interest-bearing liabilities			147,250	147,250	-

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

There will be no change to the content of "Investment Risk / (2) Risk Related to Product Design and Related Parties / (iv) Risk Related to Loans and Investment Corporation Bonds" described in NUD's Securities Report filed on January 29, 2026, due to the Debt Finance.

* NUD's website is https://nud-reit.co.jp/en/

** Neither NUD nor NTT Urban Development Asset Management Corporation makes any assurance or warranty with respect to the completeness or accuracy of this English translation. For more complete and accurate information, please refer to the original announcement in Japanese.