[For Translation Purposes Only]
February 22, 2018
For Immediate Release
To Whom It May Concern
Nomura Real Estate Master Fund, Inc.
Securities Code: 3462
Shuhei Yoshida, Executive Director
Asset Management Company:
Nomura Real Estate Asset Management Co., Ltd.
Norio Ambe, President & Chief Executive Officer
Inquiries:
Ken Okada
Director and Managing Executive Officer
TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Debt Financing (Determination of Loan Interest Rate)
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or “NMF” or the “Fund”) announced that theinterest rate of the following loans announced in “Notice Concerning Debt Financing” on February 20, 2018, hasbeen determined. Details are as follows.
1.

Determination of Loan Interest Rate
Loan Type：Term Loan (Contract date: February 22, 2018)
Lenders

The Iyo Bank, Ltd.
The Tokyo Tomin Bank, Limited
The Bank of Tokyo-Mitsubishi
UFJ, Ltd.

Amount(millions ofyen)

Interest Rate

1,500

Fixed
0.53880%

1,000

Fixed
0.82130%(Note 2)

(Note3)

Drawdown
DateFebruary
26, 2018

Term

RepaymentDate(Note 1)

Terms ofRepayment

Collateral

7 years

February 26, Lump-sum
2025
repayment on Unsecured,

10 years

February 26, the repayment unguaranteed
date2028(Note 1)

Repayment Date is the following business day if the date is a non-business day, or the prior business day if the following businessdate is in the next month.
(Note 2) The interest payment dates are the 26th of every February and August, beginning August 26, 2018, until the Repayment Date, aswell as the Repayment Date. If any of these days is a non-business day, the interest payment date will be the following businessday, or the prior business day if the following business day is in the next month.
(Note 3) The interest payment dates are the 26th of every February, May, August and November, beginning May 26, 2018, until theRepayment Date, as well as the Repayment Date. If any of these days is a non-business day, the interest payment date will be thefollowing business day, or the prior business day if the following business day is in the next month.

2.

OthersNo change has been made to the content of “Section 1 Fund Information / 1 Status of Fund / 3 Investment Risks”
of the Securities Report (in Japanese) filed on November 29, 2017 and “ Section 2 Reference Information / 2 Supplement
Information / 7 Investment Risks” of the Securities Registration Statement (in Japanese) filed on February 1, 2018,
regarding the risk involved in the debt financing.
*<Nomura Real Estate Master Fund, Inc> URL: http://www.nre-mf.co.jp/en/
Note: This press release is a public announcement concerning debt financing (determination of loan interest rate) and has not been
prepared for the purpose of solicitation of investment. We caution readers to refer to the Fund’s Offering Circular for theIssuance of New Investment Units and Secondary Offering and the Notices of Amendments thereto (if any) and to undertake
investment decisions at their own judgement and responsibility. In addition, this press release does not constitute an offer ofsecurities in the United States of America. The securities referred to above have not been, and will not be registered under theUnited States Securities Act of 1933, as amended (the “Securities1 Act”). The securities may not be offered or sold in the UnitedStates absent registration or an exemption from registration under the Securities Act. The securities referred to above will not
be publicly offered or sold in the United States.