Nomura Real Estate Master Fund : Notice Concerning Debt Financing (Determination of Loan Interest Rate)

[For Translation Purposes Only]

February 24, 2022

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 Group

TEL [phone]

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 17, 2022 (the "Debt Financing"), has been determined. Details are as follows.

1. Determination of Loan Interest Rate

Loan Type：Term Loan (Contract date: February 24, 2022)

	Amount		Drawdown		Repayment	Terms of
Lenders	(millions	Interest Rate	Term	Collateral
Date	Date(Note1)	Repayment
	of yen)
Sumitomo Mitsui Trust Bank,	1,500	Fixed		7 years	February 26,
0.55565%
Limited		2029
	(Note2)			Lump-sum
		Fixed	February 28,	9 years	August 26,	repayment	Unsecured,
Mizuho Bank, Ltd.	3,500	0.78816%	and 6	on the
2022	2031	unguaranteed
		(Note2)	month	repayment
MUFG Bank, Ltd.		Fixed			February 26,	date
Sumitomo Mitsui Banking	6,250	0.83563%		10 years
	2032
Corporation		(Note3)
Total	11,250

(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 business date is in the next month.

(Note 2) The interest payment dates are the 26th of every February and August, beginning August 26, 2022, 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 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 May 26, 2022, 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 the prior business day if the following business day is in the next month.

2. Other

No 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, 2021 regarding the risk involved in the Debt Financing.

* URL: https://www.nre-mf.co.jp/en/

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