Bond offer – updated terms sheet

An updated terms sheet for Kiwi Property Group Limited's (Kiwi Property) issue of seven-year fixed-rate senior secured bonds is attached. This follows Kiwi Property's announcement today confirming the interest rate to apply to the bonds. For further information please contact: Joint Lead Managers Deutsche Craigs Limited 0800 226 263 Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) 0800 942 822 Co-Managers Bank of New Zealand 0800 284 017 Forsyth Barr Limited 0800 367 227 CONTACT US FOR FURTHER INFORMATION Gavin Parker Chief Operating Officer gavin.parker@kp.co.nz +64 9 359 4012 Stuart Tabuteau Chief Financial Officer stuart.tabuteau@kp.co.nz +64 9 359 4025 ABOUT US Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock Exchange and is a member of the S&P/NZX 15 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. S&P Global Ratings has assigned Kiwi Property a corporate credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its existing fixed-rate senior secured bonds. Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz End CA:00311794 For:KPG Type:OFFER Time:2017-12-12 13:41:59