Investor Presentaiton

4-5. Financial Strategy [1] Financial management with an emphasis on stability I Status of borrowing and LTV End of 7th FP Total interest-bearing debt 42.9 billion yen End of 8th FP (forecast) 62.9 billion yen (1.6 billion yen) (5.0 billion yen) (of which, short-term) LTV Average time to maturity (long-term only) 27.3% 30.6% 4.9 years 5.4 years Average interest rate 0.27% *As of the end of each period Interest-bearing debt maturity ladder (million yen) 8,000 7,000 6,000 5,000 1,700 Mitsui Fudosan MFLP Logistics Park Inc. End of 9th FP (forecast) 58.4 billion yen (0.5 billion yen) 28.9% 4.9 years New borrowing associated Iwith the 3rd follow-on offering New borrowing Total interest- bearing debt (of which, short-term) Average borrowing period (long-term only) Average interest rate * 21.6 billion yen (5.0 billion yen) 8.4 years 0.29% *Estimated value as of the end of February 2020 | Credit rating assignment ■Existing borrowing ■New borrowing Credit rating agency Japan Credit Rating Agency, Ltd. (JCR) 4,000 5,000 3,000 2,000 1,000 1,600 3.400 1,900 5,600 4,900 4,000 800 3,000 2,800 5,600 7,800 Rating details Long-term issuer rating: AA- 2,400 2,1003,100 2,100 1,800 2,0002,000 900 Remarks Rating outlook: Stable 0 FP FP FP FP ending ending ending ending January July January July FP FP ending ending FP FP FP FP FP ending ending ending ending ending 2021 2021 2022 2022 2023 2023 2024 2024 2025 January July January July January July January July January 2025 2026 2026 FP FP FP ending ending ending July 2027 2027 FP ending January 2028 FP FP ending ending July January 2028 2029 2030 FP FP FP ending ending ending July January July 2029 2030 *As of the end of January 2020 *The repayment period when adding new borrowing associated with the 3rd follow-on offering to the borrowing at the end of the 7th FP is indicated. 25 25

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