Keppel Pacific Oak US REIT Management Pte. Ltd., as manager of Keppel Pacific Oak US REIT (the "Manager"), wishes to announce that Perpetual (Asia) Limited (in its capacity as trustee of Keppel Pacific Oak US REIT) (the "Borrower") has obtained the Loan Facilities (as defined below) pursuant to a facility agreement dated 19 January 2022 (the "Facility Agreement"). Loan Facilities of $80,000,000 term loan facilities. Under the terms and conditions of the Facility Agreement, the Borrower will be required to pay all outstanding loans within 10 business days in the event that: (a) the Manager (or any manager for the time being as its successor, or any other additional, replacement or substitute manager of Keppel Pacific Oak US REIT) ceases to be the manager of Keppel Pacific Oak US REIT; or (b) (i) Keppel Corporation Limited and its subsidiaries, (ii) Pacific Oak Capital Advisors LLC and its subsidiaries and/or (iii) KORE Pacific Advisors Pte. Ltd., cease to collectively, directly or indirectly, own all the issued share capital of the Manager (or any manager for the time being as its successor, or any other additional, replacement or substitute manager of Keppel Pacific Oak US REIT).