Key Terms of the Rights Issue

Rationale for the Rights Issue	Position K-REIT Asia for acquisition growth across Asia Facilitate diversification of K-REIT Asia's capital structure Finance asset enhancement initiatives to maximise rental income Provide greater financial flexibility, consistent with the Manager's long-term proactive capital management strategy
Structure of the Offer	Rights ratio of 1-for-1 S$0.93 per Rights Unit, representing approximately: A discount of 21.2% to K-REIT Asia's closing price of S$1.18 per Unit on 30 September 2009 A discount of 11.8% to the theoretical ex-rights price of S$1.06 per Unit Gross proceeds of approximately S$620 million Number of Rights Units to be issued: approximately 666.7 million 1
Distribution	The Rights Units will be entitled to any distribution which may accrue from 1 July 2009 to 31 December 2009 as well as all subsequent distributions
Distribution Per Unit Yield	7.5% pro forma yield 2
Aggregate Leverage	9.1% after the completion of the Rights Issue 3
Major Unitholders' Undertaking	Keppel Corporation and Keppel Land have both provided irrevocable undertakings to subscribe for their aggregate 75.8% pro-rata entitlements 4.

1. The actual number of Rights Units to be issued will be higher if additional Units are issued on or prior to the Rights Issue Books Closure Date.
2. Based on pro forma annualised January-September 2009 DPU of 6.95 cents divided by the Rights Issue Price. Please refer to the Offer Information Statement for additional details.
3. Aggregate leverage is expected to reduce from 33% (after taking into account the completion of the Prudential Tower Strata Acquisition and the Asset Revaluation) to 9.1% after the completion of the Rights Issue.
4. BNP Paribas will underwrite the remaining 24.2% stake.

Timetable

Despatch of Circular to Unitholders	3 October 2009
Extraordinary General Meeting	21 October 2009 at 3 pm
Date on which the Transfer Books and Register of Unitholders will be closed to determine the provisional allotments of Eligible Unitholders under the Rights Issue	27 October 2009 at 5 pm
Despatch of the offer information to Eligible Unitholders	29 October 2009
Commencement of "nil-paid" rights trading	30 October 2009
Last date for "nil-paid" rights trading	9 November 2009
Last date for instructions to approved banks for acceptance of /application for and payment for Rights Units / Excess Rights Units under the Central Provident Fund ("CPF") Investment Scheme and/or the Supplementary Retirement Scheme ("SRS")	9 November 2009
Last date for acceptance/application of and payment for Rights Units and Excess Rights Units	13 November 2009
Expected date for issue of Rights Units	20 November 2009
Expected date for commencement of trading of Rights Units	23 November 2009

Announcements on Rights Issue

20 November 2009		Use of proceeds from the underwritten renounceable rights issue
20 November 2009		Underwritten renounceable rights issue - issue of 666,703,965 new units in K-REIT Asia
17 November 2009		Final results of the underwritten renounceable rights issue
27 October 2009		Lodgment and despatch of Offer Information Statement
27 October 2009		Offer Information Statement
21 October 2009		K-REIT Asia EGM Presentation Slides
21 October 2009		Results of Extraordinary General Meeting
3 October 2009		Notice of Extraordinary General Meeting
3 October 2009		Notice of Book Closure Date for Rights Issue
3 October 2009		Circular to Unitholders
30 September 2009		Proposed Underwritten Renounceable Rights Issue

Contact

For further queries, contact investor.relations@kreitasia.com or +65-6835 7477.