The Board of Directors of K-REIT Asia Management Limited (the “Company”) wishes to announce that the Company, as manager of K-REIT Asia, has today received 492,224 units in KREIT Asia (“Units”) issued at a price of S$2.5433 per Unit in payment of 100% of its management fees for the period from 1 July 2007 to 30 September 2007.

This mode of paying the Company’s management fees in the form of Units is provided for in the trust deed constituting K-REIT Asia. With this payment, the Company’s current holding of Units is 2,683,077 Units.