[For Translation Purposes Only]
April 24, 2019

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:
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. (“Nomura Master Fund” or “NMF” or the “Fund”) announced thatthe interest rate of the following loan announced in “Notice Concerning Debt Financing and Early Repaymentof Debt Financing” on April 12, 2019, has been determined. Details are as follows.

1. Determination of Loan Interest Rate
(1)

Loan Type：Term Loan (Scheduled contract date: April 24, 2019)
Lenders

The Chugoku Bank, Ltd.

Amount(millions of yen)

500

Interest Rate

Drawdown
Date

Fixed

0.39196%(Note2)Fixed

The Chiba Bank, Ltd.

500

0.43627%

Shinkin Central Bank
The 77 Bank, Ltd.

1,000

0.48144%Total

2,000(Note2)

April 26,
2019

Fixed(Note2)

Term

RepaymentDate(Note1)

6 years and10 months

February 26,
2026

7 years and 4months

August 26,
2026

7 years and10 months

February 26,
2027

Terms ofRepayment

CollateralLump-sum
repayment on the Unsecured,
repayment date unguaranteed(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 August 26th, 2019, 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 businessday, or the prior business day if the following business day is in the next month.

－ 1 －(2)Loan Type：Term Loan (Scheduled contract date: April 24, 2019)
Lenders

Amount(millions of yen)Interest Rate

Mizuho Trust & Banking Co.,Ltd.
The Norinchukin Bank
Resona Bank, Limited

1,500

0.57365%

Development Bank of Japan
Inc.

500

0.62025%

Total

2,000

Drawdown
Date

Fixed(Note2)

April 26,2019

Fixed(Note2)

Term

RepaymentDate(Note1)

8 years and10 months

February 26,
2028

9 years and 4months

August 26,
2028

Terms ofRepayment

CollateralLump-sum
repayment on the Unsecured,
repayment date unguaranteed(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 August 26th, 2019, 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 businessday, or the prior business day if the following business day is in the next month.

2. OtherNo significant change has been made to the content of “Section 1 Fund Information / 1 Status of Fund / 3
Investment Risks” of the Securities Report (in Japanese) filed on November 29, 2018 and “Section 2 Reference Information/ 2 Supplement Information / 8 Investment Risks” of the Securities Registration Statement (in Japanese) filed on February
7, 2019 regarding the risk involved in the Debt Financing.
*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/－ 2 －