REPL::Placements::Issue and Listing of 81,000,000 New Units pursuant to the Private Placement

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA). THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR JAPAN. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE SECURITIES LAWS OF ANY STATE OR JURISDICTION OF THE UNITED STATES. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.

(Constituted in Republic of Singapore pursuant to a trust deed dated 17 March 2011 (as amended))

ANNOUNCEMENT

ISSUE AND LISTING OF 81,000,000 NEW UNITS PURSUANT TO THE PRIVATE PLACEMENT

1. Introduction
   Further to the announcements dated 12 August 2021 in relation to the placement of new units ("Private Placement") in Keppel DC REIT ("New Units") to raise gross proceeds of approximately S$204.3 million, Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT (the "Manager"), is pleased to announce that the Manager has today issued 81,000,000 New Units at an issue price of S$2.522 per New Unit in connection with the Private Placement. With the issue of the New Units, the total number of units in Keppel DC REIT ("Units") in issue is 1,714,733,960 Units as at the date of this announcement.
   The New Units will commence trading on the Main Board of Singapore Exchange Securities
   Trading Limited (the "SGX-ST") at 9.00 a.m. today.
2. Status of the Private Placement New Units
   The New Units issued pursuant to the Private Placement will, upon issue, rank pari passu in all respects with the existing Units in issue on 22 August 2021 (the "Existing Units"), being the day immediately preceding the date on which the New Units are issued pursuant to the Private Placement, other than in respect of the Advanced Distribution (as defined herein).
   Keppel DC REIT's policy is to distribute its distributable income on a semi-annual basis to Unitholders.

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In connection with the Private Placement, the Manager has declared in respect of the Existing Units, an advanced distribution of the distributable income for the period from 1 July 2021 to 22 August 2021 (the "Advanced Distribution").

The next distribution following the Advanced Distribution will comprise Keppel DC REIT's distributable income for the period from 23 August 2021 to 31 December 2021. Semi-annual distributions will resume thereafter.

The Advanced Distribution is intended to ensure that the distributable income accrued by Keppel DC REIT up to the day immediately prior to the date of issue of the New Units (which at this point, will be entirely attributable to the Existing Units) is only distributed in respect of the Existing Units, and is being proposed as a means to ensure fairness to holders of the Existing Units.

By Order of the Board

Keppel DC REIT Management Pte. Ltd. (Company Registration Number: 199508930C) as manager of Keppel DC REIT

Tan Weiqiang, Marc / Chiam Yee Sheng

Joint Company Secretaries

23 August 2021

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IMPORTANT NOTICE

This announcement is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any securities of Keppel DC REIT in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

This announcement may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale or distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's view of future events. The past performance of Keppel DC REIT and the Manager are not necessarily indicative of the future performance of any of them.

The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, Perpetual (Asia) Limited, in its capacity as trustee of Keppel DC REIT, Keppel Telecommunications & Transportation Limited, as the sponsor of Keppel DC REIT or any of their respective affiliates.

An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Unitholders have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This announcement is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United States securities laws or the laws of any other jurisdiction.

Notification under Section 309B of the Securities and Futures Act, Chapter 289 of Singapore: The New Units are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12:Notice on the Sale of Investment Products and MAS Notice FAA-N16:Notice on Recommendations on Investment Products).

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