Nomura Real Estate Office Fund : Notice Concerning Concluding Interest-Rate Swap Agreement

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Nomura Real Estate Office Fund, Inc.

Yoshiyuki Ito, Executive Director

(Securities Code: 8959)

Asset Management Company:

Nomura Real Estate Asset Management Co., Ltd. Yasuaki Fukui, President and Chief Executive Officer

Inquiries: Shoji Yoshihara, General Manager, NOF Investment Management

TEL: +81-3-3365-0507

EMAIL:nreof8959@nomura-re.co.jp

February 27, 2015

Nomura Real Estate Office Fund, Inc. ("Nomura Office Fund" or the "Fund") announced today the signing of interest rate swap agreements regarding the 6 years floating rate ¥21.2 billion term loan

(the "6 years Loan"), the 8 years and 6 months floating rate ¥1 billion term loan (the "8 years and 6

months Loan"), as mentioned below.

With respect to the debt financing of the 6 years Loan, and the 8 years and 6 months Loan, the Fund

intended to convert the interest rate for such debt financing from floating-rate to fixed-rate for the entire period until the repayment date, in order to hedge risks of interest rate fluctuations.

1. Counterparty : The Mizuho Bank, Ltd.
2. Notional Principal Amount : ¥21.2 billion
3. Interest Rate : Fixed Payment 0.29050% p.a.
Variable Receipt JBA 3 months JPY TIBOR
4. Commencement Date : March 3, 2015 (the same date of the Scheduled Drawdown Date of the 6 years Loan financing as announced today)
5. Termination Date : February 26, 2021 (the same date of the Scheduled Repayment Date of the 6 years
Loan financing as announced today)
6. Interest Payment Dates : For both payment to and from the counterparty, May 26, 2015, the first interest payment date, and 26th of every February, May, August, and November thereafter until November 26, 2020, and the Repayment Date. (or 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)
* Due to the swap agreement, the interest rate will be fixed at 0.85050% until the repayment of the Loan.

1. Counterparty : The Mizuho Bank, Ltd.
2. Notional Principal Amount : ¥1 billion
3. Interest Rate : Fixed Payment 0.44850% p.a.
Variable Receipt JBA 3 months JPY TIBOR
4. Commencement Date : March 3, 2015 (the same date of the Scheduled Drawdown Date of the 8 years and
6 months Loan financing as announced today)
5. Termination Date : August 26, 2023 (the same date of the Scheduled Repayment Date of the 8 years and 6 months Loan financing as announced today)
6. Interest Payment Dates : For both payment to and from the counterparty, May 26, 2015, the first interest payment date, and 26th of every February, May, August, and November thereafter until May 26, 2023, and the Repayment Date. (or 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)
* Due to the swap agreement, the interest rate will be fixed at 1.15850% until the repayment of the Loan.
* Refer to JBA TIBOR Administration website regarding the JBA Japanese Yen TIBOR. (http://www.jbatibor.or.jp/english/rate/)

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