Purpose and Basic Policy with respect to IR Activities

Nomura Real Estate Holdings, Inc. (hereinafter “NREH”) strives to gain and maintain the understanding and trust of all stakeholders through timely, accurate, and fair disclosure of information, including management policies and financial status.

Disclosure Standards

NREH is committed to compliance with the Timely Disclosure Rules specified by the Tokyo Stock Exchange (TSE). Furthermore, NREH proactively discloses information when it is determined that said information is likely to have a significant impact on the investment decisions of its stakeholders. Such information includes information related to decisions or occurrences, information related to financial results provided by NREH, information required by the Tokyo Stock Exchange, and material changes to or cancellation of Company Information that has been previously disclosed. We also promote disclosure of other information at, for example NREH informational meetings, that is not required by the timely disclosure rules. Furthermore, NREH complies with the "Fair Disclosure Rules" based on the Financial Instruments and Exchange Act, working to provide fair information disclosure.

Method of Disclosure

As required by the TSE Timely Disclosure Rules, information is disclosed through the TSE Timely Disclosure network (TDnet). Disclosure is conducted in a fair and prompt manner with due consideration given to overseas markets. Disclosed information is immediately posted on our website.

Quiet Period

To prevent the leak of information that may have a significant impact on share prices during the preparation of financial results and to maintain disclosure fairness, NREH sets a “quiet period” from the day following the date of quarterly account closing to one day prior to the day of the announcement of the next quarterly settlement. During this quiet period, NREH refrains from commenting on or answering inquiries related to its business results and forecasts. However, information on events occurring during the quiet period that fall under timely disclosure is immediately released.