Mitsubishi Estate Logistics REIT Investment : Notice Concerning Prepayment of Bank Loan

December 2, 2021

For Immediate Release

Real Estate Investment Trust Securities Issuer

1-6-5 Marunouchi, Chiyoda-ku, Tokyo

Mitsubishi Estate Logistics REIT Investment Corporation

Representative: Ken Takanashi, Executive Director

(Securities Code: 3481)

Asset Management Company

Mitsubishi Jisho Investment Advisors, Inc.

Representative:	Haruhiko Araki, President & CEO
Contact:	Ken Takanashi, Director, General Manager,
	Logistics REIT Management Department
	TEL: [phone]

Notice Concerning Prepayment of Bank Loan

Mitsubishi Estate Logistics REIT Investment Corporation (MEL) announces today that its asset management company, Mitsubishi Jisho Investment Advisors, Inc., made its decision to prepay bank loan (the "Prepayment"), as outlined below:

1. Details of the Prepayment

1. Prepayment Amount 900 million yen
2. Prepayment Date December 9, 2021
3. Source of Funds for Prepayment

Cash on hand including consumption tax refund for the properties acquired in the fiscal period ended August 31,2021 (from Mar. 1,2021 to Aug. 31,2021)

2. Details of Bank Loan to be Prepaid

		Borrowing		Borrowing	Original	Repayment
Category	Lenders	Amount	Interest Rate	Repayment	Collateral
Date	method
		(Millions of Yen)		date
			Base interest	Mar. 9,	Mar. 9,	Paid in full	Unsecured and
Short term	Mizuho Bank, Ltd.	900	rate + 0.070%
2021	2022	upon maturity	nonguaranteed
			(floating rate)

Note: Please refer to the press release "Notice Concerning Debt Financing (including "ESG Loan for J-REIT" from MUFG Bank, Ltd. and "SDGs Green Loan" from Sumitomo Mitsui Banking Corporation)" dated Mar. 4, 2021, for details of the bank loan.

3. Impact on Forecasts

There are no changes to MEL's forecasts of results for the fiscal periods ending Feb. 28, 2022 (from Sept. 1, 2021 to Feb. 28, 2022) and Aug. 31, 2022 (from Mar. 1, 2022 to Aug. 31, 2022) and stated in the "Summary of Financial Results for the Fiscal Period Ended August 31, 2021 (REIT)" announced on Oct. 15, 2021 since the effects of the Prepayment are not material.

4. Additional Information for Investors

There is no material change to the risk factors stated in "1. Fund Information, 1. Fund Status, 3. Investment Risks" of the Securities Report, filed on Nov. 29, 2021 (Japanese only).

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Outstanding Debt Balance after the Prepayment
				(Unit: Millions	of yen)
			Before the	After the	Variance
			Prepayment	Prepayment
	Short-term Borrowings (Note 1)		900	-		(900)
	Long-term Borrowings (Note 2)		56,374	56,374		-
	Total Borrowings		57,274	56,374		(900)
	Investment Corporation Bonds		2,000	2,000		-
	Total Borrowings and Investment Corporation Bonds		59,274	58,374		(900)

(Note 1) Short-term refers to borrowings due within one year from the borrowing date.

(Note 2) Long-term refers to borrowings due within a period longer than one year from the borrowing date.

For more information about Mitsubishi Estate Logistics REIT Investment Corporation, please visit: https://mel-reit.co.jp/en/

This is the English translation of the announcement in Japanese dated December 2, 2021.

However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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