1. Basic Policy for Protection of Personal Information

Nippon Building Fund, Inc. ("NBF") will comply with the Law Concerning the Protection of Personal Information as well as other related laws, regulations and guidelines for the treatment of personal information and will endeavor to appropriately handle, manage and protect such information.

2. Acquisition of Personal Information

NBF will acquire personal information through legal and fair means to the extent necessary to achieve the purposes of use defined in Paragraph 3. below (the "Purposes of Use").

When acquiring personal information, NBF will disclose in advance the Purposes of Use on its website etc. or communicate or disclose the same promptly after acquisition to any individual whose personal information was so acquired. If personal information is acquired directly from an individual in written form, the Purposes of Use shall be expressly disclosed in advance; provided, however, that in the event that the Purposes of Use are considered to be obvious in light of the circumstances of such acquisition, such notification, disclosure or indication may be omitted.

Personal information acquired by NBF includes, in addition to personal information concerning investors or prospective investors in NBF’s investment shares, personal information acquired in connection with acquisition, management or disposition etc. of assets ("Asset Management") conducted by NBF.

3. Purposes of Use of Personal Information

Personal information will be acquired by NBF for the purposes of:

• exercise by investors of their rights and the performance by NBF of its obligations under Japan's Law Concerning Investment Trusts and Investment Corporations (the "Investment Trust Law") and other related laws and regulations;
• confirmation of and response to inquiries etc.;
• research, analysis, review and implementation of Asset Management conducted by NBF;
• proper and smooth conduct of general administrative affairs and related services conducted by NBF; and
• disclosure and provision of personal information to third parties to the extent necessary to achieve the abovestated Purposes of Use.

NBF will, except as provided to the contrary by laws and regulations, inform you in advance of any use of personal information beyond the scope of the Purposes of Use and ask for your consent thereto.

4. Disclosure or Provision of Personal Information to Third Parties

NBF will not disclose or provide any personal information acquired by it to any third party except where:

• an individual whose personal information is to be disclosed or provided has consented to such disclosure or provision;
• such disclosure or provision is required by laws and regulations;
• such disclosure or provision is required to prevent death, injury to persons or damage to property but it would be difficult to obtain such individual's consent thereto;
• such disclosure or provision is required in order to cooperate with national or local governmental authorities or with any person on their behalf in performing administrative affairs stipulated by laws and regulations, but obtaining such individual’s consent thereto could hinder the performance of such affairs;
• NBF discloses or provides such personal information to its contractors who are under NBF's proper control and supervision in order to achieve the Purposes of Use; or
• such disclosure or provision is otherwise permitted by the Law Concerning the Protection of Personal Information.

5. Management of Personal Information

NBF will endeavor to keep personal information both accurate and current.

NBF will also implement adequate safety measures to prevent any loss, leakage or tampering etc. of personal information.

In addition, NBF will bind its contractors to whom personal information is to be disclosed or provided to strict obligations concerning safety measures and supervise their implementation of such safety measures.

6. Inquiries Concerning Personal Information

Any questions or requests for disclosure, correction or cessation of use concerning personal information should be directed as follows. Information regarding required procedures etc. will be provided.

Please contact the following asset management company with respect to any inquiries or requests for disclosure, correction or cessation of use etc.

Name : Nippon Building Fund Management Ltd.
Address : 7-2, Yaesu 2-chome, Chuo-ku, Tokyo
Telephone :03-3281-8810

For corrections, additions or deletions of matters set forth in the Register of Shareholders, please contact the following transfer agent.

Name :The Chuo Mitsui Trust and Banking Co., Ltd.　 Stock Transfer Agency Dept.
Address : 8-4, Izumi 2-chome, Suginami-ku, Tokyo
Telephone : 0120-78-2031（Free dial）

This privacy policy is subject to change for the purpose of improving the system for protecting personal information, or due to amendment of laws and regulations etc.

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