Nomura Real Estate Master Fund, Inc. announced the decision made on July 13, 2021 that it will procure debt financing (the "Debt Financing") to refinance the existing debt totaling ¥4,180 million (the "Existing Debt"). Purpose: The Fund has decided to procure the loan in order to repay current outstanding loans, which mature on July 26, 2021. Details: Lender: Mizuho Bank Ltd., amount= JPY 1,430 million, interest rate: fixed (to be determined); drawdown date is July 26, 2021, term: 8 years and 10 months, repayment date is May 26, 2030, team of repayment: Lump-sum repayment on the repayment date, and collateral: Unsecured unguaranteed; and Lender: Sumitomo Mitsui Banking Corporation, amount= JPY 2,750 million, interest rate: fixed (to be determined); drawdown date is July 26, 2021, term: 9 years and 7 months, repayment date is February 26, 2031, team of repayment: Lump-sum repayment on the repayment date, and collateral: Unsecured unguaranteed.