Keppel REIT Unaudited Results for the First Quarter 2015

Keppel REIT's 1Q 2015 distribution income up approximately 18% q-o-q

Achieves DPU growth of 13% q-o-q,
Upward trend of office rental reversion gathers momentum
with 19% growth in rental rates in 1Q 2015

• Sustained level of distributable income year-on-year ("y-o-y") notwithstanding the expiry of rental support from the 87.5% interest in Ocean Financial Centre in January 2015, the absence of income contribution from Prudential Tower and the absence of rental support from Marina Bay Financial Centre ("MBFC") Phase One
• Distribution per Unit ("DPU") grew 13% quarter-on-quarter ("q-o-q") to 1.70 cents due to a full-quarter contribution from MBFC Tower 3 and stronger performance from Bugis Junction Towers
• Successfully reviewed two-thirds of the leases due in 2015, all with positive rent reversions
• Achieved positive rental rate reversion of 19% for all office leases signed, renewed and reviewed in 1Q 2015
• High tenant retention rate of approximately 96% in 1Q 2015
• Close to 80% of total leases are not due for renewal till 2017 and beyond
• Maintained high committed portfolio occupancy of 99.3%, with nine of 11 completed office towers in Singapore and Australia fully committed
• Proactive capital management strategy saw the maiden issuance of a seven-year $50 million fixed-rate Medium Term Notes, which is due in 2022
• Over 80% of borrowings are not due for repayment till 2017 and beyond
• Continuing the upward trend of office rental reversions, Keppel REIT's current strong portfolio will continue to deliver sustainable distributions for FY2015