[For Translation Purposes Only]

August 7, 2024

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.
Masaomi Katayama, President & Chief Executive Officer
Inquiries: Hiroyuki Masuko
Executive Officer
Head of NMF Investment Management GroupTEL +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning the Status of Purchase, End of Purchase, and Retirement of Own
Investment Units
Nomura Real Estate Master Fund, Inc. (the “Fund”) announces as described below regarding the status of purchase ofown investment units in accordance with Article 80-2 of the Act on Investment Trusts and Investment Corporations (the“Act”), as applied pursuant to Article 80-5, Paragraph 2 thereof. Furthermore, with the purchase of own investment units
as described below, the purchase of own investment units in accordance with the resolution made at the Fund’s Board ofDirectors meeting held on July 9, 2024 has ended. The Fund also announces that it decided at that Board of Directors
meeting to retire all the purchased own investment units pursuant to Article 80, Paragraphs 2 and 4 of the Act, and it will
retire all those investment units in accordance with that resolution.

1.

Status of Purchased Own Investment Units as of August 2024
(1) Total Number ofPurchased Investment Units(2) Total Purchase Price ofInvestment Units(3) Period of Purchase12,419 units
1,797,615,898 yen
From August 1, 2024, to August 6, 2024 (on a trade date basis)
Market purchases on the Tokyo Stock Exchange in accordance with the(4) Method of Purchasediscretionary transaction agreement with a securities company for the purchaseof own investment units

2.

Status of Purchase of Own Investment Units during the Whole of the Purchase Period(1) Total Number ofPurchased Investment Units(2) Total Purchase Price ofInvestment Units(3) Period of Purchase47,756 units
6,999,930,491 yen
From July 10, 2024, to August 6, 2024 (on a trade date basis)

Market purchases on the Tokyo Stock Exchange in accordance with the(4) Method of Purchasediscretionary transaction agreement with a securities company for the purchaseof own investment units

3.

Retirement of Own Investment Units(1) Total Number of Own

47,756 units

Investment Units to be(Ratio against the total number of investment units outstanding prior to theRetired

retirement 1.01%)(2) Scheduled Date ofAugust 23, 2024

Retirement

4.

OutlookAs the effect of the purchase and retirement of own investment units on the cash distributions for the fiscal period
ending August 2024 (March 1, 2024 to August 31, 2024) and the fiscal period ending February 2025 (September 1, 2024
to February 28, 2025) is immaterial, there is currently no change in the outlook for the fiscal periods ending August 2024
and February 2025.

Reference
1.

Details of the Resolution at the Fund’s Board of Directors Meeting Held on July 9, 2024
Maximum of 60,000 units(1) Total Number ofPurchasable Investment Units(2) Total Purchase Price ofInvestment Units(3) Period of Purchase

Ratio of the number of investment units issued against the total number ofunits outstanding (excluding own investment units) 1.27%
Maximum of 7,000 million yen
From July 10, 2024, to August 15, 2024
To be purchased through market purchases on the Tokyo Stock Exchange in(4) Method of Purchaseaccordance with the discretionary transaction agreement with a securities
company for the purchase of own investment units.

2.

Status of Own Investment Units after the Above-mentioned Retirement of Own Investment Units
Number of Investment Units
Issued(Excluding

Own

4,667,444 units

Investment Units)
Number of Own Investment
Units

0 unit*Nomura Real Estate Master Fund, Inc.’s website: https://www.nre-mf.co.jp/en/