Pursuant to Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Keppel REIT Management Limited, as manager of Keppel REIT, wishes to announced that Keppel No. 4 General Investors' Private Real Estate Investment Limited Liability Company (a subsidiary of Keppel REIT) (the "Borrower") has obtained the Loan Facility (as defined below), guaranteed by HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee for Keppel REIT). There are conditions of the Loan Facility which make reference to a change in the Manager or the effective shareholding therein.

Loan Facility: KRW 131,000,000,000 revolving credit facility dated 17 May 2024. Under the terms and conditions of the Loan Facility, in the event that the Manager resigns, retires, is removed or ceases to be or is unable to continue to act as manager of Keppel REIT and an entity wholly- owned (directly or indirectly) by Keppel Capital Holdings Pte. Ltd. and/or Keppel Ltd. is not appointed as a replacement or substitute manager of Keppel REIT in accordance with the terms of the trust deed constituting Keppel REIT and applicable law prior to such cessation, the lender of the Loan Facility may require the Borrower to pay all outstanding loans within 15 business days of the Borrower and the lender of the Loan Facility being unable to come to an agreement on the revised terms and conditions of the Loan Facility.

Assuming (i) the occurrence of the Review Event and (ii) that such occurrence would cause a cross default under other borrowings of the Keppel REIT group, the aggregate level of facilities that may be affected is, as at the date of this announcement, approximately SGD 2,687 million (excluding interest and fees, and the facility which is the subject of this announcement).