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

[For Translation Purposes Only]

November 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 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 November 15, 2021 (the "Debt Financing"), has been determined. Details are as follows.

1. Determination of Loan Interest Rate

Loan Type：Term Loan (Contract date: November 24, 2021)

	Amount		Drawdown		Repayment	Terms of
Lenders	(millions	Interest Rate	Term	Collateral
Date	Date(Note1)	Repayment
	of yen)
The Nomura Trust and Banking		Fixed		5 years	February 26,
1,000	0.29065%		and 3
Co., Ltd.		2027
	(Note2)		months
THE BANK OF FUKUOKA,	1,000	Fixed		7 years	November 26,
0.40630%
LTD.		(Note3)			2028
Mizuho Trust & Banking		Fixed		8 years	May 26,	Lump-sum
1,000	0.52437%		and 6
Co., Ltd.		2030	repayment
	(Note3)	November 26,	month	Unsecured,
				on the
		Fixed	2021	9 years		unguaranteed
Nippon Life Insurance Company	1,000	May 26,	repayment
0.60556%		and 6	2031	date
		(Note3)		months
Resona Bank, Limited	1,900	Fixed		10 years	November 26,
0.47755%
		(Note3)			2031
Development Bank of Japan Inc.	3,000	Fixed		10 years	November 26,
0.64630%
		(Note3)			2031
Total	8,900

(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 February 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 May 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 May 27, 2021 regarding the risk involved in the Debt Financing.

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

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