Investor Relations

The Manager believes that openness and transparency are essential in maintaining positive relations with stakeholders. The cornerstone of an effective investor relations programme also involves good communications. To achieve a high level of transparency, the Manager is committed to fair, timely, regular and consistent disclosures to all Unitholders and investors. In recognition of its corporate transparency efforts, K-REIT Asia achieved a ranking of 28th amongst 704 Singapore publicly-listed companies in the Business Times Corporate Transparency Index as at 12 May 2008.

Communications with the Investment Community
Senior management meets analysts and fund managers frequently through one-on-one or group meetings, conference calls and post-results luncheons. They also interact with existing and potential investors at investment conferences hosted by various major financial institutions. Some of the conferences that the senior management took part in included the Citigroup Asia Pacific Property Conference, CLSA Corporate Access Forum, CIMB-GK Corporate Day, Nomura Asia Equity Forum and Morgan Stanley Asia Pacific Summit.

In 2008, senior management also participated in more than 50 meetings in Singapore and more than 30 abroad. They met or held conference calls with about 140 institutional investors from Singapore, Hong Kong, Australia, United States, the Middle East, United Kingdom and other European countries. These included non-deal marketing roadshows in Singapore, Hong Kong, London and Amsterdam.

The Manager aims to raise awareness and understanding of K-REIT Asia through such interactions with the investment community. They also provide opportunities for the Manager to provide clarity on K-REIT Asia’s growth strategies, corporate developments and financial performance. Currently, nine local and foreign brokerage firms have undertaken research coverage on K-REIT Asia.

Meeting with media and analysts at results briefings allows K-REIT Asia’s management to share growth strategies.

The Manager hosts combined analyst and media results briefings every six months to provide an update on K-REIT Asia’s half year and full-year financial and operational performance. The briefings are usually chaired by K-REIT Asia’s Chief Executive Officer and supported by the Deputy Chief Executive Officer.

In accordance with K-REIT Asia’s commitment to deliver accurate, timely and transparent information to Unitholders and the general public, results announcements are made within 30 days from the end of each quarter. In addition, financial results and press releases on significant corporate developments are updated on K-REIT Asia’s corporate website on the same day that they are released to the Singapore Exchange. Subscribers to an email alert notification service on K-REIT Asia’s website will be promptly notified via email when the announcements are released to the public. General information on K-REIT Asia including annual reports, property portfolio details and investor presentations are updated regularly on the website for investors and the general public. Where and when appropriate, the Manager also arranges tours of its properties, upon advance request, for overseas visitors, analysts and potential investors. Approximately 7,900 registered Unitholders owned K-REIT Asia units as at 31 December 2008 and about 22% of the units were held by institutional investors. K-REIT Asia’s sponsor, Keppel Land, and its parent company, Keppel Corporation, own a combined interest of 75.3% of the units in issue. Rights Issue On 31 March 2008, the Manager held an Extraordinary General Meeting (EGM) to seek Unitholders’ approval for a proposed rights issue. To allay Unitholders’ concerns over the exercise, the Manager took steps in advance to communicate the rationale and merits for the rights issue with investors. An overseas roadshow and tele-conferences were held to garner Unitholders’ support for the exercise. The resolution was unanimously passed by Unitholders at the EGM. The rights issue was fully subscribed, demonstrating Unitholders’ endorsement and confidence in the long-term potential of K-REIT Asia. In May 2008, the Manager successfully completed the rights issue exercise, raising net proceeds of $550.7 million through an issue of 396.9 million units. The net proceeds were subsequently used to partially repay debt. Looking Ahead 2009 is expected to be a challenging year. Given such market conditions, there is a need to pay more attention to communication with current and prospective investors. The Manager will continue to actively promote K-REIT Asia through the various platforms available and keep existing Unitholders regularly updated on its strategy and latest corporate developments.

For general enquiries on K-REIT Asia, please contact: Ms Serena Toh Deputy General Manager Investor Relations and Research Tel: (65) 6433 7546 Fax: (65) 6337 7226 Ms Jeanette Pang Manager Investor Relations and Research Tel : (65) 6433 7622 Fax: (65) 6337 7226 www.kreitasia.com Email: investor.relations@kreitasia.com The Unitholder Registrar Boardroom Corporate Advisory and Services Pte. Ltd. 3 Church Street #08-01 Samsung Hub Singapore 049483 Tel: (65) 6536 5355 Fax: (65) 6536 1360 www.boardroomlimited.com Unitholder Depository For depository-related matters such as change of details pertaining to Unitholders’ investment records, please contact: The Central Depository (Pte) Limited 4 Shenton Way #02-01 SGX Centre 2 Singapore 068807 Tel: (65) 6535 7511 Fax: (65) 6535 0775 www.cdp.com.sg Email: cdp@sgx.com