Keppel-KBS US REIT Management Pte. Ltd., as manager of Keppel-KBS US REIT announced the establishment by Keppel-KBS US REIT of an indirect wholly-owned subsidiary, Keppel-KBS US REIT H1 LLC, with a paid-up capital of USD 11,500. Keppel-KBS US REIT H1 LLC is dormant at the time of this announcement. The establishment of the subsidiary is not expected to have any material impact on the net tangible assets or earnings per unit of Keppel-KBS US REIT for the financial year ending December 31, 2018.