Executive update – Head of Transactions

Kiwi Property advises that Mr Miles Brown, Head of Transactions, has resigned and will leave the company on 11 April 2017. Mr Brown began with Kiwi Property as Special Projects Manager in 2003. He was promoted to Manager, Commercial Portfolio, in 2008 and Head of Transactions in 2011. Chris Gudgeon, Chief Executive, said: "Miles has been a key player in helping Kiwi Property realise its core property portfolio ambitions, through the strategic acquisition and sale of assets. While we are sorry to see Miles go, we wish him all the very best in his future endeavours as a business owner and thank him for his significant contribution here at Kiwi Property." An executive recruitment process is underway for a replacement for Mr Brown. > Ends CONTACT US FOR FURTHER INFORMATION Chris Gudgeon Chief Executive chris.gudgeon@kp.co.nz +64 9 359 4011 mobile +64 21 855 907 Mathew Chandler Investor Relations and Communications Manager mathew@acumentum.com.au +61 458 110 042 direct +61 2 9519 5850 ABOUT US Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock Exchange and is a member of the NZX15 Index. We've been around for more than 20 years and we proudly own and manage a $2.9 billion portfolio of real estate, comprising some of New Zealand's best shopping centres and prime office buildings. Our objective is to provide investors with a reliable investment in New Zealand property by targeting superior risk-adjusted returns over time through the ownership and active management of a diversified, high-quality portfolio. Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz End CA:00298511 For:KPG Type:OFFICE Time:2017-03-20 16:29:06