SPH Notice – Salt Funds Management Limited

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Ltd and To Kiwi Property Group Limited Date this disclosure made: 19 December 2017 Date last disclosure made: 1 December 2017 Date on which substantial holding ceased: 15 December 2017 Substantial product holder(s) giving disclosure Full name(s): Salt Funds Management Limited Summary of previous substantial holding Class of quoted voting products: Kiwi Property Group Limited Ordinary Shares (KPG) Summary for Salt Funds Management Limited For last disclosure,-- (a) total number held in class: 74,363,107 (b) total in class: 1,417,584,261 (c) total percentage held in class: 5.246% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 69,808,107 (b) total in class: 1,417,584,261 (c) total percentage held in class: 4.924% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: On market sales of 3,780,000 shares for a consideration of $5,265,999 over the period 4th December 2017 to 15th December 2017. Additional information Address(es) of substantial product holder(s): Level 3, The Imperial Buildings 44 Queen Street Auckland 1050 Contact details: Julia Diepbrink +64 9 869 2933 Julia.diepbrink@saltfunds.co.nz Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A Certification I, Julia Diepbrink, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00312221 For:KPG Type:SHINTR Time:2017-12-20 09:16:00