This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on KRC’s current expectations,
beliefs and assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are difficult
to predict, many of which are outside of KRC’s control. Accordingly,
actual performance, results and events may vary materially from those
indicated in the forward-looking statements, and you should not rely on
the forward-looking statements as predictions of future performance,
results or outcomes. Numerous factors could cause actual future events
to differ materially from those indicated in the forward-looking
statements, including, among others: risks associated with KRC’s
investment in real estate assets, which are illiquid, and with trends in
the real estate industry; the availability of cash for distribution and
debt service and exposure of risk of default under KRC’s debt
obligations; significant competition, which may decrease the occupancy
and rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; and the ability to
successfully complete development and redevelopment properties on
schedule and within budgeted amounts. The factors included in this press
release are not exhaustive and additional factors could adversely affect
KRC’s business and financial performance. For a discussion of additional
risk factors, see the factors included under the caption “Risk Factors”
in KRC’s Annual Report on Form 10-K for the year ended December 31,
2011, and KRC’s other filings with the Securities and Exchange
Commission. All forward-looking statements are based on currently
available information and speak only as of the date on which they are
made. KRC assumes no obligation to update any forward-looking statement
made in this press release that becomes untrue because of subsequent
events, new information or otherwise, except to the extent it is
required to do so in connection with its ongoing requirements under
Federal securities laws.

Kilroy Realty Corporation, a member of the SP Small Cap 600 Index, is a
real estate investment trust active in the office and industrial
submarkets along the West Coast. For over 60 years, KRC has owned,
developed, acquired and managed real estate assets, consisting primarily
of Class A real estate properties in the coastal regions of Los Angeles,
Orange County, San Diego County, the San Francisco Bay Area and greater
Seattle. At December 31, 2011, KRC owned approximately 11.4 million
rentable square feet of commercial office space and 3.4 million rentable
square feet of industrial space.

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