Cleansing notice

30 October 2019

NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON
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