Allotment of securities – KPG040

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 NZKPGD0040L4 (b) Number of securities issued: 100,000,000 (c) Issue price: $1.00 (d) Payment: Cash (e) Amount paid up: Fully paid (f) The principal terms of the securities (other than for quoted securities): Not applicable as quoted securities (g) Percentage of the total class of securities issued: 100% (h) Reason for issue: The bonds were issued for general corporate purposes including the repayment of bank debt as described in the Terms Sheet dated 2 November 2018 (i) Specific authority for issue: Board resolution dated 19 October 2018 (j) Terms or details of issue: As described in the Terms Sheet dated 2 November 2018 (k) Total number of securities of the class in existence after the issue: 100,000,000 (l) Treasury stock (acquisition only): Not applicable (m) Date of issue: 12 November 2018 > Ends Contact us for further information 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 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:00326692 For:KPG Type:SECISSUE Time:2018-11-12 12:01:38