Allotment of securities – KPG030

Pursuant to Listing Rule 7.12.1, Kiwi Property Group Limited gives notice as follows: (a) Class of security and ISIN: Fixed-rate senior secured bonds. The ISIN is NZKPGD0030L5 (b) Number of securities issued: 125,000,000 (c) Issue price: $1.00 (d) Payment: Cash (e) Amount paid up: Fully paid (f) Principal terms of the securities (other than for quoted securities): Not applicable as quoted securities (g) % of the total class of securities issued: 100% (h) Reason for issue: The bonds were issued to repay bank debt and for general corporate purposes as described in the Terms Sheet dated 12 December 2017 (i) Specific authority for issue: Board resolution dated 7 November 2017 (j) Terms or details of issue: As described in the Terms Sheet dated 12 December 2017 (k) Total number of securities of the class in existence after the issue: 125,000,000 (l) Treasury stock acquisition: Not applicable (m) Date of issue: 19 December 2017 > Ends Contact us for further information Stuart Tabuteau Chief Financial Officer stuart.tabuteau@kp.co.nz +64 9 359 4025 mobile +64 21 912 247 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:00312168 For:KPG Type:SECISSUE Time:2017-12-19 13:39:44