[For Translation Purposes Only]

March 3, 2023

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.
Koki Miura, President & Chief Executive Officer
Inquiries:
Hiroshi Ishigooka
Executive Officer
Head of NMF Investment Management Group
TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Changes in Organization and Changes in Corporate Auditor andImportant Employees in Asset Management Company
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund”) announced the resolution of Nomura
Real Estate Asset Management Co., Ltd. (“NREAM”), a licensed investment trust management company retained by theFund to provide asset management services, at NREAM’s Board of Directors Meeting held today, regarding theappointment of a new corporate auditor, which will be proposed at its Extraordinary Meeting of Shareholders as ofApril 1, 2023 and also regarding change in organization and changes in directors and important employees.
The above changes in organization and corporate auditor, directors and important employees will be effective as ofApril 1, 2023.
1.

Changes in Organization
NREAM will establish Research and Management Office for the purpose of strengthening its research and analysis
function of macroeconomic trends and real estate market trends.
Please refer to the Attachment for the organization charts before and after the changes.

2.

Changes in Corporate Auditor
At the Board of Directors Meeting held today, NREAM has determined to propose an agendum regarding theappointment of a new corporate auditor below at its Extraordinary Meeting of Shareholders as of April 1, 2023.

(1) Directors scheduled to assume office (as of April 1, 2023)
Name
Tetsuya Ohira

Title (New)

Title (Former)

Executive Officer,
General Manager of Audit Department

Corporate Auditor(2) Directors scheduled to resign (as of March 31, 2023)
Name

Title (New)

Title (Former)

Yuko Yoshida

Advisor

Representative Director, Vice President
and Executive Officer－ 1 －(3) Other changes (as of April 1, 2023)

3.

Name

Title (New)

Title (Former)

Masaomi Katayama

Representative Director and Senior
Managing Executive Officer,
Chief Strategy Officer supervising
Acquisitions Department in charge ofInvestment Management Planning
Department, Research andManagement Office, Private FundManagement Department and NMF
Investment Management Group andNPR Investment Management
Department

Representative Director and Senior
Managing Executive Officer,
Chief Strategy Officer supervising
Acquisitions Department and NMF
Investment Management Group and in
charge of Investment Management
Planning Department, Private FundManagement Department and NPR
Investment Management Department

Daisuke Kimura

Director and Senior Managing
Executive Officer in charge ofInternational Business Planning
Department and Acquisitions
Department

Director and Managing Executive
Officer in charge of International
Business Planning Department andAcquisitions Department

Hiroshi Ishigooka

Director and Managing ExecutiveOfficer
General Manager of Corporate
Planning Department

Director and Managing Executive
Officer
Head of NMF Investment ManagementGroup

Changes in Important Employees
At the Board of Directors Meeting held today, NREAM has determined the changes in the important employees
mentioned below.
(1) Scheduled to assume office (as of April 1, 2023)
Name

Title (New)

Title (Former)

Tatsuo Isshiki

Executive Officer,
General Manager of Audit
Department(New appointment)

Hiroaki Yasunaga

Executive Officer, General Managerof Finance and Accounting
Department(New appointment)

Tomoyuki Harata

General Manager of Private FundManagement Department(New appointment)－ 2 －(2) Scheduled to resign (as of March 31, 2023)
Name

Title (New)

Title (Former)

Shinji Koizumi(Resignation)

Managing Executive Officer,
General Manager of Corporate
Planning Department

Tsuyoshi Yata(Resignation)

Executive Officer,
General Manager of Private FundManagement Department

Hiromichi Suzuki(Resignation)

Executive Officer,
General Manager of Finance andAccounting Department

Name

Title (New)

Title (Former)

Hiroyuki Masuko

Executive Officer, Head of NMF
Investment Management Group,
General Manager of AssetManagement II Department of NMF
Investment Management Group

Executive Officer, General Manager ofAsset Management II Department ofNMF Investment Management Group(3) Other changes (as of April 1, 2023)

NREAM will report these changes to competent authorities pursuant to the Financial Instruments and Exchange Act,
the Building Lots and Buildings Transaction Business Act and other applied laws and regulations.
*<Nomura Real Estate Master Fund, Inc.> URL : https://www.nre-mf.co.jp/en/－ 3 －Reference) Organization chart before change (current structure) and after change[Before change (current structure)][After change]－ 4 －