Nomura Office Fund (NOF) has appointed the asset management company, Nomura Real Estate Asset Management (NREAM), to provide full range of professional asset management services to NOF.

NREAM has been appointed under the agreement with NOF concluded on August 20, 2003 and managed NOF’s assets in accordance with the investment target and basic policies outlined in the NOF’s Articles of Incorporation.

History

Jan. 24, 2003	Established
Feb. 28, 2003	Licensed for real estate trading
Jun. 17, 2003	Licensed for discretionary proxy in realty trading
Jul. 23, 2003	Licensed as investment trust manager under the former Investment Trust Law (Note 1)
Feb. 7, 2006	Licensed under the Article 10-2 of the former Investment Trust Law (for changes in business methods, etc.) (Note 2)
Sep. 30, 2007	Registration as a Financial Instrument Firm under the Financial Instruments and Exchange Law
Feb. 25, 2010	Notification based on the Financial Instrument Firm under the Financial Instruments and Exchange Law (changes in contents and methods of business) (Note 3)

(Note 1)

Refers to the Investment Trust Law prior to amendments by the Law Concerning Partial Amendment of the Securities Exchange Law (Law No. 65 of 2006).

(Note 2)

With intent to establish a governance system for the purpose of managing the assets of Nomura Real Estate Office Fund and Nomura Real Estate Residential Fund.

(Note 3)

With intent to establish a governance system for the purpose of managing the assets of Nomura Real Estate Office Fund, Nomura Real Estate Residential Fund, and Nomura Real Estate Private REIT Fund.

NREAM Directors (Full-Time)

Title	Name	Brief Employment History
President & CEO	Atsushi Ogata	Apr. 1987 Entered NRED Nov. 1987 International Business Dept., NRED Dec. 1989 Overseas Project Dept., NRED (External Assignment to a JV Company "JIMNA LTD" in Australia) Apr. 1992 Corporate Sales Division, NRED Jun. 1995 Entrusted Sales Division, NRED Apr. 2001 External assignment, Nomura Real Estate Urban Net Co., Ltd. Jan. 2003 Asset Management Division, NRED Apr. 2003 External Assignment, NREAM Jun. 2005 Director, NREAM Apr. 2006 General Manager, Office Management Division, NREAM Apr. 2010 President and Chief Executive Officer, NREAM (current position) Apr. 2010 Director, Nomura Real Estate Investment Management Co., Ltd. (current position) Apr. 2010 Director, Nomura Real Estate Capital Management Co., Ltd. (current position)
Managing Director	Nobuyuki Hamada	Apr. 1972 Entered NRED Oct. 1999 General Manager, Accounting Division, NRED Jun. 2002 General Manager, Accounting Division, MEGAROS CO., LTD (MEGAROS) Jun. 2003 Director and General Manager of Accounting Division, and General Manager of General Affairs Division, MEGAROS Jun. 2003 Director, MEGAROS Apr. 2006 Director, NREAM Aug. 2006 Executive Director, Nomura Real Estate Residential Fund, Inc. (current position) Apr. 2010 Managing Director, NREAM (current position)

(Note)

The brief employment history of the Director and General Manager other than Nomura Real Estate Office Fund at NREAM is Omitted.

Organization Structure

Organization charts of NREAM are shown below, and the Office Management Division provides NOF with asset management services. In addition, as NREAM provides asset management services to more than one investment trust (REIT), including NOF, NREAM will segregate the divisions for respective REIT (Office Management Division , Residence Management Division and Private REIT Management Division), with the purpose not to impair the interests of the REITs.

Organization of the Asset Management Company