[For Translation Purposes Only]
August 24, 2022

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 GroupTEL +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Debt Financing (Determination of Loan Interest Rate)
Nomura Real Estate Master Fund, Inc. (“NMF” or the “Fund”) announced the interest rate of the following loan
announced in “Notice Concerning Debt Financing（Green Loan, etc.）” on August 18, 2022 (the “Debt Financing”),
has been determined. Details are as follows.

1. Determination of Loan Interest Rate
Loan Type：Term Loan (Contract date: August 24, 2022)
AmountDrawdown
Lenders(millionsInterest Rate
Dateof yen)
Fixed
Sumitomo Mitsui Trust Bank,
1,780
0.46190%
Limited(Note2)
TAIYO LIFE INSURANCECOMPANYSUMITOMO LIFE
INSURANCE COMPANY

1,250

Repayment Terms ofDate(Note1) Repayment

5 years

August 26,2027

7 years

August 26,2029(Note2)

Mizuho Bank, Ltd.
2,000
Development Bank of Japan, Inc.
SUMITOMO LIFE
INSURANCE COMPANY

Fixed
0.64565%

Term

2,500

Fixed
0.75160%(Note2)

August 26,
2022

Fixed
0.78474%

MUFG Bank, Ltd.
Sumitomo Mitsui Banking
Corporation

200

Total

7,730

August 26,
2030

Lump-sum
repayment
Unsecured,on theunguaranteed
repaymentdate

8 years and February 26,
6 months
2031(Note2)（Green Loan）(Note4)

8 years

Collateral

Fixed
0.85750%

9 years(Note3)

August 26,
2031(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 February 26, 2023, until the Repayment Date, as
well as the Repayment Date. If any of these days is a non-business day, the interest payment date will be the following business day,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 November 26, 2022, 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.
(Note 4) This debt financing will be applied to the repayment of the borrowing required for the acquisition of specified assets, PROUDFLAT Shirokane Takanawa(including subsequent refinancing), that meets the criteria (eligible green projects) in accordance withthe Green Finance Framework formulated by NMF. For details of green finance, please refer to the "Green Finance" page on thewebsite of NMF at: https://www.nre-mf.co.jp/en/esg/esg_greenfinance.html－ 1 －2. OtherNo significant change has been made to the content of “Section 1 Fund Information / 1 Status of Fund / 3 InvestmentRisks” of the Securities Report (in Japanese) filed on May 27, 2022, regarding the risk involved in the Debt Financing.

*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/－ 2 －