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Investor Presentaiton

Disperse repayment dates and Reduce borrowing cost Period remaining to maturity and our borrowing cost /EON イオンリート LTV Trend Available capacity to LTV (including deposit) 50% approx. ¥36.3 billion. (After new debt financing) Average period remaining to maturity (year) 50.0% 1.00% T 0.95% 0.95% 0.94% Average of procurement interest rate (%) 0.95% 7.0 year 46.0% 0.92% 6.0 year 0.90% Q.85% 42.0% 5.2 year 0.84% 43.4% 42.8% 46.4% 46.7% 45.0% after public offering 5.0 year 0.79% 5.0 year 41.4% 41.5% 41.0% 40.8% 0.79% 4.5 year 38.0% 4.3 year 0.80% 4.0 year 4.1 year 4.7 year 4.0 year 4.4 year 34.0% 4.3 year 0.70% 3.0 year 30.0% 2nd Fiscal Period 0.60% 2nd Fiscal 3rd Fiscal Period (January 2014) Period (July 2014) 4th Fiscal Period (January 2015) 5th Fiscal Period (July 2015) 6th Fiscal Period (January 2016) 7th Fiscal Period (July 2016) 8th Fiscal Period (January 2017) 2.0 year 9th Fiscal Period (July 2017) After New debt (November 2017) 3rd Fiscal Period (January (July 2014) 2014) 4th Fiscal Period (January 2015) 5th Fiscal Period (July 2015) 9th Fiscal After New. Period debt 6th Fiscal 7th Fiscal 8th Fiscal Period Period Period (January (July 2016) (January (July 2017) (November 2016) 2017) 2017) (Note) This indicates financeable debt amount up to LTV 50%. Diversification of maturity dates (September 30, 2017) The short-term debt 1.5 bn yen in September, 2017 will be repayed early on December 27, 2017 and we will aim to convert our debt to long-term and to disperse repayment dates. New debt financing Existing Borrowings 270 220 156 161 172 Issue date investment corporation bonds (hundred of millions of yen) Ultra-Long-Term Investment Maturity Corporation Bonds Interest rate 20years 1.20% October 19, 2016 117 (15) 42 113 93 91 Credit rating AA-(JCR) 20 10 10 10 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2036 15
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