MASNET: Payment Of Management Fees By Way Of Units In K-REIT Asia

The Board of Directors of K-REIT Asia Management Limited (the “Company”) wishes to announce that the Company, as manager of K-REIT Asia, has today received 492,224 units in KREIT Asia (“Units”) issued at a price of S$2.5433 per Unit in payment of 100% of its management fees for the period from 1 July 2007 to 30 September 2007.

This mode of paying the Company’s management fees in the form of Units is provided for in the trust deed constituting K-REIT Asia.

With this payment, the Company’s current holding of Units is 2,683,077 Units.

About K-REIT Asia

K-REIT Asia is a real estate investment trust constituted by the Trust Deed entered into on 28 November 2005 between K-REIT Asia Management Limited as manager of K-REIT Asia and RBC Dexia Trust Services Singapore Limited as trustee of K-REIT Asia. K-REIT Asia was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) by way of an Introduction on 28 April 2006.

By Order of the Board
K-REIT Asia Management Limited
(Company Registration Number: 200411357K)
As manager of K-REIT Asia

Choo Chin Teck / Jacqueline Ng
Joint Company Secretaries
15 October 2007

Important Notice
The value of units and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the Manager to redeem their units while the units are listed. It is intended that Unitholders may only deal in their units through trading on the SGX-ST. Listing on the units on the SGX-ST does not guarantee a liquid market for the units.

The past performance of K-REIT Asia is not necessarily indicative of the future performance of KREIT Asia.