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30 January 2008

MASNET: Notification Pursuant To Rule 704(11) Of The Listing Manual

K-REIT ASIA

Pursuant to Rule 704(11) of the Listing Manual of the Singapore Exchange Securities Trading Limited, we confirm that none of the persons occupying managerial positions in K-REIT Asia Management Limited (the "Company"), being the manager of K-REIT Asia, or any of its principal subsidiaries, is a relative of a director or chief executive officer or substantial shareholder of the Company.

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