Nomura Real Estate Office Fund : Notice Concerning Debt Financing

February 27, 2015 at 03:13 am EST

For Translation Purposes Only

For Immediate Release

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

Notice Concerning Debt Financing

February 27, 2015
Nomura Real Estate Office Fund, Inc. ("Nomura Office Fund" or the "Fund") announced today that the Fund will procure debt financing as stated below.

1. Purpose

Nomura Office Fund has decided to procure the debt financing for the payment for acquiring
PMO Nihonbashi Kayabacho.

2. Details of Debt Financing (1) Long-Term Borrowing (Term for 6 years)

(2) Long-Term Borrowing (Term for 8 years and 6 months) (3) Long-Term Borrowing (Term for 8 years and 6 months) (4) Long-Term Borrowing (Term for 8 years and 6 months)

*Basic Interest Rate, which applies to the calculation period of the interest rate to be paid on the Interest Payment Date, will be determined two business days before the previous Interest payment Date (the first interest rate calculation period being the Date of Loan). Refer to JBA TIBOR Administration website regarding the JBA Japanese Yen TIBOR. (http://www.jbatibor.or.jp/english/rate/)

3. Use of Funds

1. Loan proceeds will be used in order to pay for the acquisition of PMO Nihonbashi
Kayabacho and a part of the related expenses.
(Note) For a profile of the property, refer to the "Notice Concerning Property Acquisition"
released on December 10, 2014
2. March 2015

4. Status of Interest-bearing Debts after Drawdown

(¥mln)

Before the drawdown	After the drawdown	Increased/Decreased Amount
Short-term Borrowings	－	－	－
Long-term Borrowings due within one year (Note)	11,750	11,750	－
Investment Corporation Bonds due within one year (Note)	5,000	5,000	－
Sub Total	16,750	16,750	－
Long-term Borrowings	140,580	145,700	＋5,120
Investment Corporation Bonds	34,500	34,500	－
Sub Total	175,080	180,200	＋5,120
Total	191,830	196,950	+5,120

(Note) Nature of term is as of the end of the 22nd fiscal period (October 31, 2014).

5. Other Matters Required for Investors to Accurately Understand and Evaluate the Information

No changes have been made to the content of "Investment Risks" of the Securities Report
(in Japanese) filed on January 29, 2015, regarding the risks involved in the repayment of the
borrowings, etc.
* URL: http://www.nre-of.co.jp/english/
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