Tyler Rose, President and Secretary of Kilroy Realty Corporation (the “Company”), is a party to an Employment Agreement (the “Employment Agreement”), dated January 28, 2016, with the Company and Kilroy Realty, L.P. (the “Operating Partnership”). The term of the Employment Agreement was scheduled to end on March 1, 2023 and Mr. Rose from time to time has raised the possibility that he could retire. On November 30, 2022, the Company and the Operating Partnership entered into a separation agreement (the “Separation Agreement”) with Mr. Rose pursuant to which Mr. Rose will continue to serve the Company and the Operating Partnership through, and his employment will end and he will cease to be an officer on, the scheduled expiration date of the Employment Agreement, March 1, 2023 (the “Separation Date”).

On December 5, 2022, the Board of Directors of the Company (the “Board”) appointed Justin Smart, currently President, Development and Construction Services, to serve as President of the Company, effective as of the Separation Date.