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Press Room Release

Kilroy Realty's Second Quarter Conference Call

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LOS ANGELES--(BUSINESS WIRE)--July 22, 2003--Kilroy Realty Corporation (NYSE:KRC), will hold its quarterly conference call to discuss second quarter financial results on Tuesday, July 29, 2003, at 11:00 a.m. Pacific Daylight 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) 428-6051 from 1:00 p.m. PDT on July 29th through 12:00 p.m. PDT on August 5, 2003 (access code 296250).

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 $450 million. 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 on Kilroy Realty can be found at www.kilroyrealty.com.

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

SOURCE: Kilroy Realty Corporation