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Edward F. Brennan Joins Kilroy Realty Corporation Board of Directors

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LOS ANGELES--(BUSINESS WIRE)--July 21, 2003--The board of directors of Kilroy Realty Corporation (NYSE:KRC) today elected Edward F. Brennan, Ph.D., a member of the board. Brennan, 51, is managing partner of Perennial Investments, a Seattle-based venture capital firm. His election increases KRC's total board membership to seven, including five independent members.

"Ed's experience as a venture capitalist as well as his specific knowledge of the life science industry will be an invaluable resource," said John B. Kilroy, Jr., KRC's president and chief executive officer. "He is an investor in the type of enterprises that are a growing force in the California economy and an important part of our tenant base. We're delighted to have him join KRC's board."

Brennan has participated in the development, management and financing of new biotechnology ventures for 23 years, including scientific and executive positions with Syntex, Inc., Medtronic Inc., DepoMed Systems, Inc. and CardioGenesis Corp. He holds a B.A. degree in chemistry and biology and a Ph.D. in biology from the University of California, Santa Cruz.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, 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. At March 31, 2003, the company owned 7.1 million square feet of commercial office space and 4.9 million square feet of industrial space. More information can be found at www.kilroyrealty.com.

CONTACT:
Kilroy Realty Corporation
Richard E. Moran Jr., 310-481-8483
Tyler H. Rose, 310-481-8484

SOURCE: Kilroy Realty Corporation