[For Translation Purposes Only]
December 18, 2017
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 the Sign on PRI and UNEP FI
Nomura Real Estate Asset Management Co., Ltd. (the “Asset Management Company”), to which Nomura
Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund”) entrusts the management of its assets, has
become a signatory to the Principles for Responsible Investment (“PRI”) and United Nations Environment
Programme Finance Initiative (“UNEP FI”).

1.

About PRI

PRI comprises an international network of investors working to realize the below listed the Six Principles for thefinance industry, which were established in 2006 under the leadership of the then UN Secretary-General, Kofi Annan.
This network is promoted through the United Nations Environment Programme (UNEP) and United Nations GlobalCompact. PRI encourages the incorporation of environmental, social and governance (“ESG”) issues into investment
decision-making processes, aiming to thereby help companies enhance their long-term investment performance andbetter fulfill their fiduciary duty. As of November 2017, more than 1,700 institutions, representing more than US$70
trillion in assets under management, have signed on to PRI.

< The Six Principles >1. We will incorporate ESG issues into investment analysis and decision-making process.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will each report on our activities and progress towards implementing the Principles.

The Asset Management Company agrees with the basic approach ofPRI and in December 2017 became the first real estate companyaffiliated asset management company in Japan to become a signatory.

2.

About UNEP FI

UNEP is an agency of the United Nations established by resolution of the United Nations General Assembly in1972 to implement the Declaration of the United Nations Conference on the Human Environment and Action Planfor the Human Environment agreed upon at the United Nations Conference on the Human Environment held in
Stockholm that same year. UNEP FI was established in 1992 as a broad-ranging close partnership between UNEPand more than 200 financial institutions, including banks, insurance companies and securities companies, around theworld to promote sustainable finance. UNEP FI works with financial institutions, policymakers and regulators topromote the adoption of financial systems that integrate economic development and ESG issues.

The Asset Management Company agrees with the basic approach of the UNEP FIand became a signatory in December 2017. The Asset Management Company isalso scheduled to join the UNEP FI Property Working Group (UNEP FI PWG)
composed of more than 20 representative real estate investors in the world.

3. The Fund’s Sustainability Initiatives
Together with the Asset Management Company, the Fund implements management that gives due consideration toESG issues in order to increase unitholder value over the medium and long terms.
The Fund has received external recognition for its efforts in the area, including Green Star and 5 Star designations
under the 2017 GRESB Real Estate Assessment carried out by Global Real Estate Sustainability Benchmark (GRESB),
which evaluates the ESG performance of real assets, such as real estate portfolios and infrastructure. The Fund also
received an A, the highest rating, in GRESB’s 2017 public disclosure assessment.
For more information about the ESG initiatives of the Fund and the Asset Management Company, please refer to thewebpage linked to below.
http://www.nre-mf.co.jp/en/feature/feature5.html

4. Future Outlook
The Fund and the Asset Management Company will continue to engage in asset management that gives due
consideration to ESG issues.
*<Nomura Real Estate Master Fund, Inc.> URL: http://www.nre-mf.co.jp/en/