Investor Presentaiton

一期一会| ICHIGO Loan Details (as of July 31, 2021) Amount Loan Lender (JPY million) Floating/ Fixed Interest Rate Borrowing Date Maturity (%) Term Loan 4 SMBC, Mizuho, Shinsei, Resona, Fukuoka, Nishi-Nippon City 4,500 Fixed 0.90750% August 17, 2016 February 28, 2023 Lender Composition Term Loan 5 SMBC, Mizuho, Shinsei, Resona, Fukuoka, Nishi-Nippon City 4,500 Fixed 0.98500% August 17, 2016 August 31, 2023 Term Loan 7 SMBC, Mizuho, Shinsei, Resona, Fukuoka, Nishi-Nippon City 1,800 Fixed 0.78750% August 1, 2017 January 31, 2023 Nishi- Nippon City 4% Fukuoka 3% Aozora 1% Bond 2% Term Loan 9 SMBC, Mizuho, Shinsei, Resona 1,500 Fixed 0.92000% November 30, 2018 November 29, 2024 Resona 10% Term Loan 10 SMBC, Mizuho, Shinsei, Resona, Nishi-Nippon City 2,220 Fixed 0.75450% April 25, 2019 April 30, 2024 Shinsei 12% SMBC 38% Term Loan 11 SMBC, Mizuho, Shinsei, Resona, Aozora 1,500 Fixed 0.73575% July 19, 2019 November 29, 2024 Mizuho 30% Term Loan 12 SMBC 450 Variable 0.52909% February 28, 2020 February 28, 2022 Term Loan 13 SMBC, Mizuho, Shinsei, Resona, Fukuoka, Nishi-Nippon City 2,000 Fixed 0.65600% February 28, 2020 February 27, 2026 Term Loan 15 SMBC, Mizuho, Shinsei, Resona 7,000 Variable 0.50727% Fixed vs. Floating November 30, 2020 November 29, 2021 Total Borrowings 25,470 Average 0.75% Average Remaining Loan Term 1.8 years Issue Date Name Issue Amount (JPY million) Interest Rate Redemption Date Issuance Period First Unsecured Investment Corporation Bond November 25, 2020 (Callable bonds subordinated and limited to qualified institutional investors) Variable 28.7% 500 2.00% April 30, 2026 5.4 years Fixed* 71.3% Total Interest-Bearing Liabilities 25,970 Average 0.78% Average Remaining Loan Term 1.9 years O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. Includes interest fixed via swaps 49

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