Keppel REIT's Net Property Income Increased 20.7% Year-on-year

• Net Property Income ("NPI") increased 20.7% year-on-year ("y-o-y") to $34.4 million primarily due to improved performance from Ocean Financial Centre ("OFC") and 77 King Street.
• Property Income registered an improvement of 13.2% y-o-y to $41.4 million.
• Share of Results of Associates increased 26.4% y-o-y to $14.2 million due to higher contribution from Marina Bay Financial Centre Phase 1 ("MBFC Phase1").
• Distributable income for 1Q 2013 was $52.2 million, an increase 7.6% y-o-y.
• Annualised 1Q 2013 Distribution Per Unit ("DPU") rose by 4.6% y-o-y to 7.99 cents.
• All refinancing for 2013 is completed, and weighted average term to expiry has been extended from
  3.1 years to 3.2 years.
• Completed the acquisition of the new office building to be built on the Old Treasury Building site
  in Perth, Western Australia.
• Overall committed portfolio occupancy increased to approximately 99%.
• Four out of seven completed properties are 100% occupied.