Trust Structure

Notes:

(1) Keppel Capital Investment Holdings Pte. Ltd., which is the wholly-owned subsidary of Keppel Capital Holdings will hold stake in Keppel-KBS US REIT. KBS SOR (BVI) Holdings Ltd, which is the wholly-owned subsidary of KBS Strategic Opportunity REIT, Inc. will hold stake in Keppel-KBS US REIT.

(2) Unitholding in Keppel-KBS US REIT will be subject to an ownership restriction of 9.8% of the total units outstanding for each Sponsor. Before over-allotment option of [5.0%].