Kilroy Realty Announces Tax Treatment of 2012 Dividend Distributions

  Kilroy Realty Announces Tax Treatment of 2012 Dividend Distributions

Business Wire

LOS ANGELES -- January 17, 2013

Kilroy Realty Corporation (NYSE: KRC) announced today the tax treatment of its
2012 dividend distributions. The company's total dividend distributions per
share of common stock (CUSIP #49427F108) are to be classified for income tax
purposes as follows:

                                               2012          2012             2012
Record         Payable        Total            Taxable       Total            Unrecaptured     2012
Date         Date         Distribution   Ordinary    Capital        Section 1250   Return of
                              per Share        Dividend      Gain             Gain ^(1)        Capital
                                                             Distribution
12/30/2011   1/17/2012    $   .350000    $ .144315   -              -              $ .205685
3/30/2012    4/17/2012       .350000     .144315   -              -               .
                                                                                                 205685
6/29/2012    7/17/2012       .350000     .144315   -              -               .
                                                                                                 205685
9/28/2012    10/17/2012      .350000     .144315   -              -               .
                                                                                                 205685
(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain
Distribution amount.
                                                                                  

The dividend distributions made to holders of record as of December 31, 2012
and paid on January 15, 2013 are considered 2013 dividend distributions for
federal income tax purposes.

The company's total dividend distributions per share of Series E cumulative
redeemable perpetual preferred stock (CUSIP #49427F405) are to be classified
for income tax purposes as follows:

                                             2012          2012             2012             2012
Record        Payable       Total            Taxable       Total            Unrecaptured     Return
Date        Date        Distribution   Ordinary    Capital        Section 1250   of
                            per Share        Dividend      Gain             Gain ^(1)        Capital
                                                           Distribution
1/31/2012   2/15/2012   $   .487500    $ .487500   -              -              -
4/16/2012   4/16/2012      .330400     .330400   -              -              -
(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain
Distribution amount.
                                                                                

The company's total dividend distributions per share of Series F cumulative
redeemable perpetual preferred stock (CUSIP #49427F504) are to be classified
for income tax purposes as follows:

                                             2012          2012             2012             2012
Record        Payable       Total            Taxable       Total            Unrecaptured     Return
Date        Date        Distribution   Ordinary    Capital        Section 1250   of
                            per Share        Dividend      Gain             Gain ^(1)        Capital
                                                           Distribution
1/31/2012   2/15/2012   $   .468750    $ .468750   -              -              -
4/16/2012   4/16/2012      .317700     .317700   -              -              -
(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain
Distribution amount.
                                                                                

The company's total dividend distributions per share of Series G cumulative
redeemable perpetual preferred stock (CUSIP #49427F702) are to be classified
for income tax purposes as follows:

                                               2012           2012             2012             2012
Record         Payable        Total            Taxable        Total            Unrecaptured     Return
Date         Date         Distribution   Ordinary     Capital        Section 1250   of
                              per Share        Dividend       Gain             Gain ^(1)        Capital
                                                              Distribution
4/30/2012    5/15/2012    $  .229170     $ .229170    -              -              -
7/31/2012    8/15/2012      . 4296875    .          -              -              -
                                                 4296875
10/31/2012   11/15/2012     .4296875     .4296875   -              -              -
(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain
Distribution amount.
                                                                                   

The company's total dividend distributions per share of Series H cumulative
redeemable perpetual preferred stock (CUSIP #49427F801) are to be classified
for income tax purposes as follows:

                                               2012           2012             2012             2012
Record         Payable        Total            Taxable        Total            Unrecaptured     Return
Date         Date         Distribution   Ordinary     Capital        Section 1250   of
                              per Share        Dividend       Gain             Gain ^(1)        Capital
                                                              Distribution
10/31/2012   11/15/2012   $   .3984375   $ .3984375   -              -              -
(1) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain
Distribution amount.


Stockholders are encouraged to consult with their tax advisors as to their
specific tax treatment for Kilroy Realty Corporation common and preferred
distributions.

About Kilroy Realty Corporation. Kilroy Realty Corporation, a member of the
S&P Small Cap 600 Index, is a real estate investment trust active in the
office property sector along the West Coast. For over 60 years, the company
has owned, developed, acquired and managed real estate assets primarily in the
coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and
the San Francisco Bay Area. At September 30, 2012, the company's stabilized
office portfolio encompassed 12.7 million rentable square feet. More
information is available at http://www.kilroyrealty.com.

Contact:

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Vice President
and Treasurer
(310) 481-8581
 
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