Nomura Real Estate Master Fund, Inc. announced the interest rate of the following loan announced in "Notice Concerning Debt Financing" on May 18, 2022 (the "Debt Financing"), has been determined. Lenders are Mizuho Bank Ltd., MUFG Bank Ltd. Sumitomo Mitsui Banking Corporation. Amount is JPY 1,500 million and JPY 4000 million.

Interest rates are Fixed 0.88168% and Fixed 0.93188%. Drawdown date is May 26, 2022. Term is 9 years and 6 months and 10 years.

Repayment date is November 26, 2031 and May 26, 2032. Terms of repayment is Lumpsum-repayment on the repayment date. Collateral unsecured unguaranteed.