[For Translation Purposes Only]
February 24, 2021

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 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 the interest rate of the following loan
announced in “Notice Concerning Debt Financing” on February 15, 2021 (the “Debt Financing”), has been
determined. Details are as follows.

1. Determination of Loan Interest Rate
Loan Type：Term Loan (Contract date: February 24, 2021)
AmountDrawdown
Lenders(millions Interest Rate
Dateof yen)Fixed
The Nomura Trust and Banking,
1,0000.30116%
Co., Ltd.
(Note2)500

Fixed
0.39000%

The Nomura Trust and Banking,Co., Ltd.

1,000

Fixed
0.41000%

The Norinchukin Bank

1,000

The Chugoku Bank, Ltd.

Term

RepaymentDate(Note1)5 years
and 6months

August 26,
2026

7 years

February 26,
2028

7 years

February 26,
2028

7 years

February 26,
2028(Note2)(Note2)

Fixed
0.41000%(Note2)

THE BANK OF FUKUOKA,
LTD.

1,260

The Kiyo Bank, Ltd.

500

Fixed
0.45375%(Note2)

Fixed
0.49750%(Note2)

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

4,000

Shinsei Bank, Limited.

1,000

7 years
August 26,
and 62028
February 26, months
2021
February 26,
8 years2029

Fixed
0.54904%

8 years
November 26,
and 92029
months(Note3)Fixed0.58630%

9 years

February 26,
2030

9 years

February 26,
2030

9 yearsand 3
monthsMay 26,2030(Note2)

Sumitomo Mitsui Trust Bank,
LimitedMizuho Bank, Ltd.

1,400

Fixed
0.58630%

720

Fixed
0.59399%(Note2)(Note3)－ 1 －Terms of
Repayment

CollateralLump-sum
repayment
Unsecured,on theunguaranteed
repayment
dateTHE YAMAGUCHI BANK, Ltd.

420

Fixed
0.65750%

10 years

February 26,
2031

10 years

February 26,
2031

10 years

February 26,
2031

10 years

February 26,
2031(Note2)

Shinsei Bank, Limited.
The Kiyo Bank, Ltd.
TAIYO LIFE INSURANCECOMPANYDAIDO LIFE INSURANCECOMPANY

4,000

Development Bank of Japan Inc.

2,000

Fixed
0.67750%

700

Fixed0.67750%

Fixed
0.67750%(Note2)February 26,2021(Note2)

MUFG Bank, Ltd.

(Note2)Total

Lump-sum
repayment
Unsecured,on theunguaranteed
repayment
date

19,500(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, August, beginning August 26, 2021, 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 business day, or theprior business day if the following business day is in the next month.
(Note 3) The interest payment dates are the 26th of every May, November, beginning May 26, 2021, until the Repayment Date, as well as theRepayment Date. If any of these days is a non-business day, the interest payment date will be the following business day, or theprior 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 InvestmentRisks” of the Securities Report (in Japanese) filed on November 27, 2020, regarding the risk involved in the Debt Financing.

*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/－ 2 －