[For Translation Purposes Only]
May 29, 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 Group

TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Inclusion in MSCI Japan ESG Select Leaders Index
Nomura Real Estate Master Fund, Inc. (“NMF” or the “Fund”) announces that NMF was included in theMSCI Japan ESG Select Leaders Index (the “Index”) as of today.

1. About the MSCI Japan ESG Select Leaders Index

The MSCI Japan ESG Select Leaders Index is an index to represent companies with high Environmental,
Social and Governance (“ESG”) performance selected based on the data from the MSCI Japan IMI Top 700
Index. The index has been selected by the Government Pension Investment Fund (“GPIF”) as one of their
ESG indices for their passive investment strategy.

(Note) The inclusion of NMF in any MSCI Index, and the use of MSCI logos, trademarks, service marks or index names herein, do notconstitute a sponsorship, endorsement or promotion of NMF by MSCI or any of its affiliates. The MSCI indexes are the exclusive propertyof MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

2. Inclusion in the MSCI Japan ESG Select Leaders Index and the Effects on NMF

MSCI reviews the Index based on the MSCI ESG rating and market capitalization regularly and NMF wasincluded among the real estate sector of the index during their latest review. NMF sees inclusion in the index ashaving favorable effects to increase the liquidity of our investment units and further broaden our investor universe.
For further information on the Index, please refer to the following website.
MSCI web site:
https://www.msci.com/en/msci-japan-esg-select-leaders-index*The website above will be updated regarding the latest review at a later date.

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3. Our Future Efforts

Nomura Real Estate Asset Management Company Co., Ltd. (“NREAM”), the asset management company towhich NMF entrusts the management of its assets, and NMF will continue to manage its assets with consideration toESG. Please refer to the following websites regarding to ESG initiatives by NMF and NREAM.
NMF web site:
https://www.nre-mf.co.jp/en/esg/index.html< ESG initiatives and results by NMF and NREAM >【NMF】【NREAM】
December 2015
Formulated “Sustainability Policy”

2015

2016

2017

September 2016GRESB Real Estate Assessment“Green Star”
September 2017GRESB Real Estate Assessment“5-Star”

December 2017
Signatory on PRI and UNEP FI

September 2018GRESB Real Estate Assessment“5-Star”,” Global Sector Leader”
October 2018
Signatory on JCI2018

February 2019
Formulated ESG material issues (Materiality)

2019

2019

2019 年【 E 】
・Raising the proportion of green properties in ourportfolio and countering climate change【 S 】
・Ensuring the safety and security of tenants and improving
user comfort
・Creating a fair workplace that encourages job satisfaction
・Human resource development and talent management【 G 】
・Enhancing governance through implementation of compliance and risk management
・Stakeholder engagement and timely and appropriate disclosure of information
May 29, 2019
Included in “MSCI JapanESG Select Leaders Index*<Nomura Real Estate Master Fund, Inc.> URL: https://www.nre-mf.co.jp/en/－ 2 －－