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Press Room Release

Kilroy Realty's Fourth Quarter Conference Call

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LOS ANGELES--(BUSINESS WIRE)--Jan. 28, 2003--Kilroy Realty Corporation (NYSE: KRC), will hold its quarterly conference call to discuss fourth quarter financial results on Tuesday, February 4, 2003, at 11:00 a.m. Pacific Standard Time.

This call is being webcast by CCBN and can be accessed at Kilroy Realty Corporation's web site at www.kilroyrealty.com.

A webcast replay will be available in the Investor Relations, Conference Call section of the company's Web site at www.kilroyrealty.com. A replay will also be available by dialing (800) 633-8284 from 1:00 p.m. PST on February 4th through 1:00 p.m. PST on February 11, 2003 (access code 2100096).

Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the office and industrial property sectors. For more than 50 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. Principal submarkets for KRC's current development program include West Los Angeles, El Segundo and coastal San Diego, where the company's total development pipeline is approximately $500 million. At September 30, 2002, the company owned 7.6 million square feet of commercial office space and 5.2 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com.

CONTACT:
Kilroy Realty Corporation
Tyler Rose, 310/481-8484
trose@kilroyrealty.com