Investor Presentaiton

一期一会| ICHIGO Loan Details Amount Loan Lender (JPY M) Floating/ Fixed Interest Rate (%) Borrowing Date Maturity (as of August 25, 2023) Term Loan 5 SMBC, Mizuho, SBI Shinsei, Resona, Fukuoka, Nishi-Nippon City 4,500 Fixed 0.98500% August 17, 2016 August 31, 2023 Lender Composition Term Loan 9 SMBC, Mizuho, SBI Shinsei, Resona 1,500 Fixed 0.92000% November 30, 2018 November 29, 2024 Term Loan 10 SMBC, Mizuho, SBI Shinsei, Resona, Nishi- Nippon City Fukuoka 3% Aozora 2% 2,220 Fixed 0.75450% April 25, 2019 April 30, 2024 Nishi-Nippon City 3% Term Loan 11 SMBC, Mizuho, SBI Shinsei, Resona, Aozora 1,500 Fixed 0.73575% July 19, 2019 November 29, 2024 Resona 10% Term Loan 13 SMBC, Mizuho, SBI Shinsei, Resona, Fukuoka, Nishi-Nippon City 2,000 Fixed 0.65600% February 28, 2020 February 27, 2026 Shinsei 12% SMBC 39% Term Loan 18 SMBC, Mizuho, SBI Shinsei, Resona 7,000 Variable 0.57000% November 30, 2022 November 30, 2023 Term Loan 19 SMBC, Mizuho, SBI Shinsei, Resona, Fukuoka, Nishi-Nippon City 1,800 Variable 0.57000% January 31, 2023 January 31, 2024 Mizuho 31% Term Loan 20 SMBC 450 Variable 0.57000% February 28, 2023 February 29, 2024 Term Loan 21 SMBC, Mizuho, SBI Shinsei, Resona, Fukuoka, Nishi-Nippoin City 4,500 Variable 0.57000% February 28, 2023 February 29, 2024 Fixed vs. Floating Term Loan 23 SMBC, Mizuho, SBI Shinsei, Resona, Aozora 7,000 Fixed 1.02900% August 25, 2023 August 25, 2026 Total Borrowings 32,470 Average 0.77% Average Remaining Loan Term 1.1 years O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. Variable 42.3% Fixed* 57.7% * Includes interest fixed via swaps 58

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