KBS Real Estate Investment Trust II

CASH DISTRIBUTION HISTORY*

SPECIAL DISTRIBUTIONS***

LIQUIDATING DISTRIBUTIONS****

*From July 2008 through August 2014, KBS REIT II paid monthly distributions that were calculated at a daily rate of $0.00178082 per share per day and equaled a daily amount that, if paid each day for a 365-day period, equaled a 6.5% annualized rate based on the primary offering purchase price of $10.00 per share. Subsequent to monthly distribution payments in September, October, November and December 2014, from January 2015 through December 2015, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.86. From January 2016 through December 2016, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.62. From January 2017 through December 2017, distributions were calculated based on stockholders of record on monthly record rates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $5.49. From January 2018 through December 2018, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $4.89. From January 2019 through June 2019, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s estimated value per share of $4.95. From July 2019 through October 2019, distributions were calculated based on stockholders of record on monthly record dates and equaled a monthly amount that, if paid each month for a 12-month period, would equal a 5.0% annualized rate based on KBS REIT II’s current estimated value per share of $4.50. Pursuant to the Plan of Liquidation, on March 5, 2020, KBS REIT II does not expect to pay regular monthly distributions during the liquidation process.

Distributions paid through October 31, 2019, consisted of 66% paid in cash and 34% reinvested through the dividend reinvestment plan, having been funded with 89% from operating cash flows, 5% from debt financing, 4% from proceeds from the sales of real estate properties and the repayment or sale of real estate loans receivables and 2% from cash on hand.

**Represents the total distribution per share for the period

***The February 2013 special distribution was funded from the REIT’s modified funds from operations in excess of distributions declared for the 2012 calendar year. The September 2014 special distribution was funded with proceeds from the dispositions of nine real estate properties between May 2014 and August 2014, as well as cash on hand resulting primarily from the repayment or sale of five real estate loans receivable during 2013 and 2014. The June 2019 special distribution was funded primarily from the net proceeds from the dispositions of two real estate properties in May 2019.

****Pursuant to the Plan of Liquidation, on March 5, 2020, the board of directors of KBS REIT II authorized an initial liquidating distribution in the amount of $0.75 per share of common stock to its stockholders of record as of the close of business on March 5, 2020. The initial liquidating distribution was paid on March 10, 2020 and was funded from proceeds from the sale of the Campus Drive Buildings. On July 31, 2020, the board of directors of KBS REIT II authorized a second liquidating distribution in the amount of $0.25 per share of common stock to its stockholders of record as of the close of business on August 3, 2020. The second liquidating distribution was paid on August 7, 2020 and was funded from proceeds from the sale of two office buildings in Corporate Technology Centre – 100 Headquarters and 200 Holger. On December 24, 2020, the board of directors of KBS REIT II authorized a third liquidating distribution in the amount of $0.40 per share of common stock to its stockholders of record as of the close of business on December 24, 2020. The third liquidating distribution was paid on December 30, 2020 and was funded from proceeds from the sale of two office buildings in Corporate Technology Centre – 350 Holger and 250 Holger. On September 29, 2021, the board of directors of KBS REIT II authorized a fourth liquidating distribution in the amount of $0.50 per share of common stock to its stockholders of record as of the close of business on October 1, 2021. The fourth liquidating distribution was paid on October 5, 2021 and funded from proceeds from the sale of Fountainhead Plaza and Granite Tower. On December 9, 2021, the board of directors of KBS REIT II authorized a fifth liquidating distribution in the amount of $0.20 per share of common stock to its stockholders of record as of the close of business on December 9, 2021. The fifth liquidating distribution was paid on December 14, 2021 and funded from proceeds from the sale of Willow Oaks Corporate Center and an office building in Corporate Technology Centre – 300 Holger.

On April 25, 2023, the board of directors of KBS REIT II authorized a final liquidating distribution in the amount of $0.73433444 per share of common stock to its stockholders of record as of the close of business on April 25, 2023. The final liquidating distribution was paid on April 28, 2023 and funded from proceeds from the sale of Union Bank Plaza which closed on March 30, 2023 and the remaining net proceeds from KBS REIT II’s liquidation.