Nomura Real Estate Master Fund, Inc. announced the interest rate of the following loan announced in "Notice Concerning Debt Financing" on March 13, 2020 (the "Debt Financing"), has been determined. Details are as follows. Lenders: The Chiba Bank Ltd.- Amount: ¥500 million - Interest Rate: Fixed: 0.35139%- Drawdown Date: March 25, 2020 - Term: 6 years and 11 months - Repayment Date: February 26; 2027 - Terms of Repayment: Lump-sum repayment on the repayment date - Collateral: Unsecured, unguaranteed. Lenders: MUFG Bank Ltd. Sumitomo Mitsui Banking Corporation;- Amount: ¥1,300 million - Interest Rate: Fixed: 0.59482% - Drawdown Date: March 25, 2020 - Term: 9 years and 11 months- Repayment Date: February 26, 2030 - Terms of Repayment: Lump-sum repayment on the repayment date - Collateral: Unsecured, unguaranteed.