Bank debt extension

Kiwi Property advises that it has extended $165 million of existing bank debt facilities. The facilities with ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of Australia and Westpac New Zealand, which were due to expire in the 2022 financial year, will now expire in the 2023 and 2024 financial years. The Company has $1.292 billion of finance debt facilities of which $902 million was drawn as at 30 September 2018. The weighted average term of all debt facilities as at 30 September 2018 was 3.3 years. > Ends 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 $3.0 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 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:00324683 For:KPG Type:GENERAL Time:2018-10-01 13:37:18