Kiwi Property completes $180 million Placement

NZX RELEASE
31 October 2019
Kiwi Property completes $180 million Placement


Not for release to US wire services or distribution in the United States
Kiwi Property Group Limited (“Kiwi Property”) is pleased to announce that it has successfully
completed the fully underwritten Placement announced on Wednesday 30 October 2019
(“Placement”). The Placement was strongly supported by a broad range of existing and
new institutional investors from local and offshore markets, raising gross proceeds of $180
million.

The Placement was fully allocated at the fixed price of $1.58 per share. Allotment of the new
shares is expected to occur on 4 November 2019.

The retail offer announced on Wednesday 30 October 2019 (“Retail Offer”) will open on
1 November 2019. An Offer Document, together with an application form, will be sent to
eligible shareholders on 1 November 2019 and will be available on the website established
for the Retail Offer at www.kiwipropertyshareoffer.com

> Ends

For further information please contact:
Clive Mackenzie
Chief Executive Officer
Kiwi Property Group Limited
clive.mackenzie@kp.co.nz
Campbell Hodgetts
Communications Lead
Kiwi Property Group Limited
+64 27 563 4985
campbell.hodgetts@kp.co.nz

About Kiwi Property Group Limited.
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 20 Index. We’ve been around for 25 years and we
proudly own and manage a $3.3 billion portfolio of real estate, comprising some of New
Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with
a reliable investment in New Zealand property 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 one of the highest rated New Zealand
companies within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of
benchmarks and tradeable indices for ESG (Environmental, Social and Governance) investors.

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Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website kp.co.nz
This release is not a prospectus or offering document under New Zealand law or under any
other law.
It is for information purposes only and does not constitute an offer, invitation or
recommendation to subscribe for, retain or purchase any securities in Kiwi Property in any
jurisdiction. This release does not constitute financial product advice or investment advice and
does not and will not form part of any contract for the acquisition of Kiwi Property securities.
This announcement has been prepared for release in New Zealand. This announcement may
not be released to US wire services or distributed in the United States. This announcement does
not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States
or in any other jurisdiction in which such an offer would be unlawful. The securities in this
announcement have not been, and will not, be registered under the US Securities Act of 1933,
as amended (US Securities Act) or the securities laws of any state or other jurisdiction of the
United States. Accordingly, the securities in this announcement may not be offered or sold,
directly or indirectly, in the United States unless they have been registered under the US
Securities Act (which Kiwi Property has no obligation or intention to do or procure), or are
offered and sold in a transaction exempt from, or not subject to, the registration requirements
of the US Securities Act and any applicable US state securities laws.
The information in this announcement is of general background and does not purport to be
complete. It should be read in conjunction with Kiwi Property's other periodic and continuous
disclosure announcements lodged with NZX, which are available at www.nzx.com.
This announcement may include forward-looking statements. These forward-looking
statements are based on Kiwi Property 's expectations and beliefs concerning future events.
Forward-looking statements are necessarily subject to risks, uncertainties and other factors,
many of which are outside the control of Kiwi Property, which could cause actual results to
differ materially from such statements. Kiwi Property makes no undertaking to subsequently
update or revise the forward-looking statements made in this announcement, to reflect the
circumstances or events after the date of this announcement.