Statement by the Manager

For the financial year ended 31 December 2008



In the opinion of the directors of K-REIT Asia Management Limited (the "Manager"), the accompanying financial statements set out on pages 105 to 131 comprising the Balance Sheet, Statement of Total Return, Distribution Statement, Portfolio Statement, Statement of Movements in Unitholders’ Funds, Statement of Cash Flows and Notes to the Financial Statements are drawn up so as to present fairly, in all material respects, the financial position of K-REIT Asia as at 31 December 2008, the total return, distributable income, movement in Unitholders’ funds and cash flows for the year ended on that date in accordance with the recommendations of Statement of Recommended Accounting Practice 7 "Reporting Framework for Unit Trusts" issued by the Institute of Certified Public Accountants of Singapore and the provisions of the Trust Deed. At the date of this statement, there are reasonable grounds to believe that K-REIT Asia will be able to meet its financial obligations as and when they materialise.



For and on behalf of the Manager,
K-REIT Asia Management Limited

Tan Swee Yiow
Chief Executive Officer and Director

Singapore, 11 February 2009