The Asset Management Company, Nomura Real Estate Asset Management (NREAM) shall manage the investment portfolio of Nomura Office Fund (NOF) utilizing its accumulated knowledge and experience. At the same time, NREAM shall leverage the strengths of the Nomura Real Estate Group to secure stable earnings and steady portfolio growth for NOF.

(1) Information Provided by the Nomura Real Estate Group Companies

1. The Nomura Real Estate Group; Properties Held and Development Projects

   NREAM has concluded fundamental memoranda of agreement regarding the flow of real estate related information (the "Agreements") with Nomura Real Estate Development (NRED) and Nomura Real Estate Urban Net.

   Based on the Agreement, when NRED and Nomura Real Estate Urban Net intend to sell properties held or under development which meet NOF's investment criteria, they shall, in principle, provide the related information to NREAM prior to disseminating the information to other third-parties.

2. Properties Brokered by the Nomura Real Estate Group Companies

   NRED and Nomura Real Estate Urban Net are engaged in brokerage services of commercial real estate.

   Based on the Agreement, NRED and Nomura Real Estate Urban Net shall promptly provide NREAM with the information regarding those properties for which either company acts as sales agent and which meet NOF's investment criteria, excluding those properties where the seller specifically requests otherwise.

   As a result, NOF is well positioned to access in a timely fashion, the real estate data accumulated throughout the Nomura Real Estate Group network.