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

[For Translation Purposes Only]

May 27, 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 May 18, 2022 (the "Debt Financing"), has been determined. Details are as follows.

1. Determination of Loan Interest Rate

Loan Type：Term Loan (Contract date: May 27, 2022)

	Amount		Drawdown		Repayment	Terms of
Lenders	(millions	Interest Rate	Term	Collateral
Date	Date(Note1)	Repayment
	of yen)
THE BANK OF FUKUOKA,		Fixed			May 26,
1,000	0.71487％		8 years
LTD.		2030
	(Note2)
Sumitomo Mitsui Trust Bank,		Fixed			May 26,	Lump-sum
1,000	0.71487％		8 years
Limited.		2030
	(Note2)	May 31,		repayment	Unsecured,
					on the
		Fixed	2022			unguaranteed
			May 26,	repayment
Resona Bank, Limited	500	0.92006％		10 years
	date
	2032
		(Note2)
MUFG Bank, Ltd.		Fixed			May 26,
Sumitomo Mitsui Banking	2,000	0.92006％		10 years
	2032
Corporation		(Note3)
Total	4,500

(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 business date is in the next month.

(Note 2) The interest payment dates are the 26th of every May and November, beginning November 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 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.

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 May 27, 2022, regarding the risk involved in the Debt Financing.

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

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