GLP J-REIT announced the borrowing of funds (the "New Borrowings) and the signing of interest rate swap agreements as follows: Summary of New Borrowings: Details of the borrowings to be repaid: Lender: Sumitomo Mitsui Banking Corporation; Loan amount: JPY 11,925 million; Lender: MUFG Bank Ltd. Loan amount: JPY 7,950 million; Lender: Mizuho Bank Ltd. Loan amount: JPY 6,625 million; Interest rate: Base rate plus 0.170%; Drawdown date June 1 2023; Borrowing method: Borrowing based on the respective credit line agreements dated September 27, 2021 (including extended agreements) with the lenders shown to the left as lenders; Repayment date May 16, 2024; Repayment method: Lump-sum repayment on repayment date; Security: Unsecured Not guaranteed. Details of the New Borrowings: Lender: Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd. And Mizuho Bank Ltd. Loan amount: JPY 10,460 million; Interest Rate: Base rate plus 0.175%; Repayment date: June 30, 2026; Lender: Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd. And Mizuho Bank Ltd. Loan amount: JPY 4,184 million; Interest Rate: Base rate plus 0.185%; Repayment date: May 28, 2027. Lender: Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd. And Mizuho Bank Ltd. Loan amount: JPY 5,230 million; Interest Rate: Base rate plus 0.245%; Repayment date: February 28, 2031.

Lender: Syndicate of lenders arranged by Sumitomo Mitsui Banking Corporation, MUFG Bank Ltd. And Mizuho Bank Ltd. Loan amount: JPY 6,276 million; Interest Rate: Base rate plus 0.300%; Repayment date: February 27, 2032. Drawdown date June 16, 2023; Borrowing method; Borrowing based on the respective term loan agreements dated July 14, 2023, with the lenders shown to the left as lenders; Repayment method: Lump-sum repayment on repayment date; Security: Unsecured Not guaranteed. Reason for New Borrowings: New Borrowings will be used for the refinance of the outstanding borrowings (JPY 26,500 million) which is due on May 16, 2024 (hereinafter, the Refinancing).

Amount, use and schedule of expenditure of funds to be procured: Amount of funds to be procured JPY 26,150 million in total; Specific use of funds to be procured; Repayment of the outstanding borrowings which is due on May 16, 2024 (JPY 26,500 million); Schedule of expenditure; June 16, 2023.