[For Translation Purposes Only]
March 4, 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 Group
TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Changes in Directors andImportant Employees in Asset Management Company
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund”) announced theresolution of Nomura Real Estate Asset Management Co., Ltd. (“NREAM”), a licensed investment
trust management company retained by the Fund to provide asset management services, at
NREAM’s Board of Directors Meeting held today, regarding the appointment of new directors,
which will be proposed at its Extraordinary Meeting of Shareholders as of April 1, 2022 and also
regarding changes in title of directors and important employees.
The above changes in directors and important employees will be effective as of April 1, 2022.
1. Changes in Director
At the Board of Directors Meeting held today, NREAM has determined to propose agenda
regarding the appointment of two new directors below at its Extraordinary Meeting ofShareholders as of April 1, 2022.
(1) Directors scheduled to assume office (as of April 1, 2022)
Name
Title (New)
Title (Former)
Representative Director andSenior Managing Executive
Officer, Chief Strategy Officer
supervising Acquisitions
Department and NMF
Investment Management Group
Masaomi Katayama(New appointment)
and in charge of Investment
Management Planning
Department, Private FundManagement Department andNPR Investment ManagementDepartment
Director and Managing ExecutiveManaging Executive Officer
Daisuke Kimura
Officerin charge of International
in charge of International
Business Planning Department
1Business Planning Department
and Acquisitions Department

and Acquisitions Department(2) Other changes (as of April 1, 2022)
Name
Title (New)Yuko Yoshida

Fumiki Kondo

Title (Former)
Representative Director,
Executive Vice President,
Chief Strategy Officer
supervising Acquisitions
Department and NMF
Investment Management Group
Representative Director,
in charge of Client Relations &Executive Vice President
Marketing Department,
Investment Management PlanningDepartment, Private FundManagement Department andNPR Investment ManagementDepartment
Representative Director andSenior Managing Executive
Representative Director andOfficerSenior Managing Executive
supervising International Business
OfficerPlanning Department and insupervising International Businesscharge of Corporate Planning
Planning Department and in
Department, Legal & Compliancecharge of Client Relations &Department, Internal Audit
Marketing Department
Department and Finance &Accounting Department

2. Changes in Important Employees
At the Board of Directors Meeting held today, NREAM has determined the changes in theimportant employees mentioned below.
(1) Scheduled to assume office (as of April 1, 2022)
NameTitle (New)
Title (Former)
Managing Executive Officer
in charge of Legal & Compliance
Masayuki Hagiwara
Department, Internal Audit(New appointment)
Department and Finance &Accounting Department(2) Other changes (as of April 1, 2022)
Name
Title (New)Shinji Koizumi

Management Executive Officer
General Manager of Corporate
Planning Department

Title (Former)
Executive Officer
General Manager of Corporate
Planning Deportment

NREAM will report these changes to competent authorities pursuant to the Financial
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Instruments and Exchange Act, the Building Lots and Buildings Transaction Business Act andother applied laws and regulations.
*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/

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