KKR Real Estate Select Trust SC TO-IIssuer tender offer statement

Calculated as the aggregate maximum purchase price for shares of common stock, based upon the net asset value per share as of May 29, 2024, of $25.58. This amount is based upon the offer to purchase up to 2,329,446 shares of common stock, par value $0.01 per share, of KKR Real Estate Select Trust Inc.

Calculated at $147.60 per $1,000,000.00 of the Transaction Valuation in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, as modified by Fee Rate Advisory No. 1 for fiscal year 2024.