SPH Notice – Salt Funds Management Limited

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Kiwi Property Group Limited Date this disclosure made: 25 June 2018 Date on which substantial holding began: 21 June 2018 Substantial product holder(s) giving disclosure Full name(s): Salt Funds Management Limited Summary of substantial holding Class of quoted voting products: Kiwi Property Group Limited Ordinary Shares (KPG) Summary for Salt Funds Management Limited For this disclosure,-- (a) total number held in class: 71,966,219 (b) total in class: 1,429,409,795 (c) total percentage held in class: 5.035% Details of relevant interests Details for Salt Funds Management Limited Nature of relevant interest(s): Investment Manager For that relevant interest,-- (a) number held in class: 71,966,219 (b) percentage held in class: 5.035% (c) current registered holder(s): (d) registered holder(s) once transfers are registered: See Annexure 1 Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: On June 21 st 2018, and the four months prior, Salt Funds Management undertook the following transactions as part of normal on-market trading activities, dividend reinvestment and an off-market in-specie transfer. Please see attached for table. Additional information Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen Street, Auckland 1050 Contact details: Julia Diepbrink, Telephone: 09 869 2933, Email: 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: Not applicable. 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:00319881 For:KPG Type:SHINTR Time:2018-06-25 16:25:57