Cleansing notice

NOTICE PURSUANT TO CLAUSE 20(1)(A) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT REGULATIONS 2014 1. Kiwi Property Group Limited ("KPG") intends to undertake an offer of new ordinary shares in KPG by way of: a. a fully underwritten placement to selected investors to raise approximately $180 million; and b. a retail share offer to KPG's existing shareholders with an address in New Zealand to raise up to $20 million (plus up to $10 million in oversubscriptions at its discretion), (together, the "Offer"). 2. Pursuant to the Offer, an offer for issue is being made to investors in reliance upon the exclusion in clause 19 of schedule 1 to the Financial Markets Conduct Act 2013. 3. This notice is provided under subclause 20(1)(a) of schedule 8 to the Financial Markets Conduct Regulations 2014 ("Regulations"). 4. As at the date of this notice: a. KPG is in compliance with the continuous disclosure obligations that apply to it in relation to ordinary shares in KPG; b. KPG is in compliance with its financial reporting obligations (as defined in subclause 20(5) of schedule 8 to the Regulations); and c. there is no information that is "excluded information" as defined in subclause 20(5) of schedule 8 to the Regulations. 5. The Offer is not expected to have any material effect or consequence on the control of KPG. On behalf of Kiwi Property Group Limited Clive Mackenzie Chief Executive Officer clive.mackenzie@kp.co.nz +64 9 359 4011 End CA:00343407 For:KPG Type:OFFER Time:2019-10-30 08:51:35