[For Translation Purposes Only]
November 22, 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. (“NMF” or the “Fund”) announced that the interest rate of thefollowing loan announced in “Notice Concerning Debt Financing” on November 18, 2019(the “Debt Financing”),
has been determined. Details are as follows.

1. Determination of Loan Interest Rate
Loan Type：Term Loan (Scheduled contract date: November 22, 2019)
Lenders

Amount(millionsof yen)Interest Rate

Sumitomo Mitsui Trust Bank,
Limited800

0.21380%

FixedTerm

RepaymentDate(Note1)

5 years

November 26,
2024

7 years

November 26,
2026

7 years

November 26,
2026(Note2)

THE HACHIJUNI BANK, LTD.
Mitsui Sumitomo Insurance
Company, Limited

1,0000.28000%

The Keiyo Bank, Ltd.
The Chugoku Bank, Ltd.

1,2000.30000%

The Norinchukin Bank

1,4000.32000%

Fixed(Note2)

Fixed(Note2)

Fixed(Note2)

The Norinchukin Bank

Drawdown
Date

1,400

Fixed

0.40500%(Note2)

7 yearsand 6
November 26, months
2019
8 years 6months

Fixed

Mizuho Trust & Banking Co., Ltd.

1,8000.50880%

Mizuho Bank, Ltd.

800

0.55190%

MUFG Bank, Ltd.
Sumitomo Mitsui Banking
Corporation

2,800

0.55845%(Note2)

Fixed(Note2)

Fixed(Note3)－ 1 －May 26,2027
May 26,2028

9 yearsNovember 26,
2028

9 yearsand 6months

May 26,2029

9 yearsand 9months

August 26,
2029

Terms ofRepayment

CollateralLump-sum
repayment
Unsecured,on theunguaranteed
repayment
dateFixed

SUMITOMO LIFE INSURANCECOMPANY500

0.59500%

Resona Bank, Limited

1,000

0.59500%

MUFG Bank, Ltd.

1,200

0.59500%

Total

13,900(Note2)

Fixed(Note2)

Fixed(Note2)

10 yearsNovember 26,
2029

10 yearsNovember 26,
2029

10 yearsNovember 26,
2029(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 May and November, beginning May 26, 2020, 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.
(Note 3) The interest payment dates are the 26th of every February, May, August and November, beginning February 26, 2020, 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.

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 May 29, 2019 regarding the risk involved in the Debt
Financing.
*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/－ 2 －