ESR KendallSquare REIT ("ESR KS REIT") and KendallSquare REIT Management (the "Asset Manager") acknowledge that ESR KS REIT is currently covered by the analysts listed above. This list is not comprehensive or exhaustive and may change in the future. The analyses, opinions, estimates, and forecasts regarding ESR KS REIT's performance or strategies provided by these analysts are based on their independent judgment, and neither ESR KS REIT nor the Asset Manager participates in the preparation of these reports. This list is provided solely to identify the analysts and their firms covering ESR KS REIT.

ESR KS REIT and the Asset Manager do not endorse or guarantee any information, projections, opinions, or recommendations provided by these analysts or their firms. The analyses and opinions of these analysts may change or be discontinued without the involvement of ESR KS REIT or the Asset Manager, and neither ESR KS REIT nor the Asset Manager is responsible for such changes. This list does not constitute an offer or solicitation to subscribe for, purchase, or sell any securities issued by ESR KS REIT under the Financial Investment Services and Capital Markets Act, nor does it serve as an invitation, recommendation, advice, or other indication of intent regarding any securities. Investment decisions should be made independently by investors based on their own analysis and discretion, and they bear full responsibility for any associated risks.