Management’s Responsibility for Financial Statements 
 
The accompanying consolidated financial statements and management’s discussion and analysis of results of 
operations and financial condition (MD&A) have been prepared by the management of Killam Properties Inc. in 
accordance  with  International  Financial  Reporting  Standards,  and  include  amounts  based  on  management’s 
informed  judgements  and  estimates.  Management  is  responsible  for  the  integrity  and  objectivity  of  these 
consolidated financial statements. The financial information presented in the MD&A is consistent with that in the 
consolidated financial statements in all material respects. 
 
To assist management in the discharge of these responsibilities, management has established the necessary 
internal controls designed to ensure that our financial records are reliable for preparing financial statements and 
other financial information, transactions are properly authorized and recorded, and assets are safeguarded. 
 
As at December 31, 2013, our Chief Executive Officer and Chief Financial Officer evaluated, or caused an evaluation 
under their direct supervision of, the design and operation of our internal controls over financial reporting (as 
defined in National Instrument 52‐109, Certification of Disclosure in Issuers’ Annual and Interim Filings) and, based 
on that assessment, determined that our internal controls over financial reporting were appropriately designed 
and operating effectively. 
 
Ernst &  Young  LLP,  the  auditors  appointed  by  the  Shareholders,  have  examined  the  consolidated  financial 
statements in accordance with Canadian generally accepted auditing standards to enable them to express to the 
Shareholders their opinion on the consolidated financial statements. Their report as auditors is set forth below. 
 
The consolidated financial statements have been further reviewed and approved by the Board of Directors and its 
Audit Committee. This committee meets regularly with management and the auditors, who have full and free 
access to the Audit Committee. 
 
 
      
Philip Fraser        Robert  Richardson 
President and Chief Executive Officer     Executive Vice President and Chief Financial Officer 
February 18, 2014 
 
Management’s Responsibility for Financial Statements 
The accompanying consolidated financial statements and management’s discussion and analysis of results of operations and financial  
condition (MD&A) have been prepared by the management of Killam Properties Inc. in accordance with International Financial Reporting  
Standards, and include amounts based on management’s informed judgements and estimates. Management is responsible for the integrity  
and objectivity of these consolidated financial statements. The financial information presented in the MD&A is consistent with that in the  
consolidated financial statements in all material respects.  
To assist management in the discharge of these responsibilities, management has established the necessary internal controls designed to  
ensure that our financial records are reliable for preparing financial statements and other financial information, transactions are properly  
authorized and recorded, and assets are safeguarded.  
As at December 31, 2013, our Chief Executive Officer and Chief Financial Officer evaluated, or caused an evaluation under their direct  
supervision of, the design and operation of our internal controls over financial reporting (as defined in National Instrument 52‑109,  
Certification of Disclosure in Issuers’ Annual and Interim Filings) and, based on that assessment, determined that our internal controls over  
financial reporting were appropriately designed and operating effectively.  
Ernst & Young LLP , the auditors appointed by the Shareholders, have examined the consolidated financial statements in accordance with