Notice of Withdrawal of Tender

Regarding Shares in KKR Real Estate Select Trust Inc.

Tendered Pursuant to the Offer to Purchase

Dated March 17, 2023

The Offer and withdrawal rights will expire on April 14, 2023

and this Notice of Withdrawal must be received by

the Fund’s Transfer Agent, either by mail or by fax, by 4:00 p.m.,

Eastern Time, on April 14, 2023, unless the Offer is extended

Complete this Notice of Withdrawal and follow the transmittal

instructions included herein

PLEASE SEND COMPLETED FORMS TO YOUR FINANCIAL ADVISOR / PORTFOLIO MANAGER

You are responsible for confirming that this Notice is received timely by your Financial Advisor or Portfolio Manager. If you fail to confirm receipt of this Notice, there can be no assurance that your withdrawal will be honored by the Fund.

Ladies and Gentlemen:

Please withdraw the tender previously submitted by the undersigned in a Letter of Transmittal.

Fund Name:

Fund Account #:

Account Name/Registration:

Address:

City, State, Zip

Telephone Number:

Email Address:

Financial Intermediary Firm Name:

Financial Intermediary Account #:

Financial Advisor Name:

Financial Advisor Telephone #:

The undersigned represents that the undersigned is the owner of the common stock in the Fund to which this withdrawal request relates, or that the person signing this request is an authorized representative of the withdrawing shareholder.

In the case of joint accounts, each joint holder must sign this withdrawal request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.

Signature	Print Name of Authorized Signatory (and Title if applicable)	Date
Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

(PAGE 1 OF 3)

Notice of Withdrawal of Tender

Regarding Shares in KKR Real Estate Select Trust Inc.

Tendered Pursuant to the Offer to Purchase

Dated March 17, 2023

The Offer and withdrawal rights will expire on April 14, 2023

and this Notice of Withdrawal must be received by

the Fund’s Transfer Agent, either by mail or by fax, by 4:00 p.m.,

Eastern Time, on April 14, 2023, unless the Offer is extended

Complete this Notice of Withdrawal and follow the transmittal

instructions included herein

Regular Mail	Fax: (833) 674-0748
DST Asset Manager Solutions, Inc. Attn: KKR Real Estate Select Trust Inc. P.O. Box 219302 Kansas City, MO 64121	FOR ADDITIONAL INFORMATION CALL: (855) 844-8655
Overnight Mail DST Asset Manager Solutions, Inc. Attn: KKR Real Estate Select Trust Inc. 430 W. 7th Street, Suite 219302 Kansas City, MO 64105

You have the right to withdraw your tendered Shares at any time until 4:00 p.m., Eastern Time, on April 14, 2023 or, if such tendered Shares have not been accepted by the Fund, at any time on or after May 12, 2023.

You are responsible for confirming that this Notice is received timely by DST Asset Manager Solutions, Inc., the Fund’s transfer agent. To assure good delivery, please send this page to DST Asset Manager Solutions, Inc. and not to your financial advisor. If you fail to confirm receipt of this Notice, there can be no assurance that your withdrawal will be honored by the Fund.

Ladies and Gentlemen:

Please withdraw the tender previously submitted by the undersigned in a Letter of Transmittal.

Fund Name:

Fund Account #:

Account Name/Registration:

Address:

City, State, Zip

Telephone Number:

Email Address:

Financial Intermediary Firm Name:

Financial Intermediary Account #:

Financial Advisor Name:

Financial Advisor Telephone #:

The undersigned represents that the undersigned is the owner of the common stock in the Fund to which this withdrawal request relates, or that the person signing this request is an authorized representative of the withdrawing shareholder.

(PAGE 2 OF 3)

In the case of joint accounts, each joint holder must sign this withdrawal request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.

Signature	Print Name of Authorized Signatory (and Title if applicable)	Date
Signature	Print Name of Authorized Signatory (and Title if applicable)	Date

(PAGE 3 OF 3)