Allotment of securities

Kiwi Property Group Limited
Capital Change Notice

Updated as at 8 May 2019



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZKPGE0001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed
1
10,868,635
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $1.58
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
0.698%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
1) Issue of shares pursuant to
the retail offer of KPG ordinary
shares announced on 30
October 2019.
2) The issue was authorised by
a board resolution on 29
October 2019.
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
1,569,087,532

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable.
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
NZX Listing Rules 4.1.2(a) and
4.5.1
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued shares rank equally
with existing fully paid ordinary
shares.
Date of issue/acquisition/redemption 22/11/2019

Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Steve Cooper
Contact person for this announcement Steve Cooper
Contact phone number +64 9 359 4025
Contact email address Steve.Cooper@kp.co.nz
Date of release through MAP

22/11/2019

Footnote:
1
This includes an additional $0.6m of applications that were identified by the share registry on reconciliation after the announcement
on 19 November 2019, therefore bringing gross proceeds to $17.2m.