Cleansing notice – Fixed rate senior secured Green Bonds

NZX RELEASE
5 July 2021
Cleansing notice – Fixed rate senior secured Green
Bonds


Kiwi Property Group Limited (NZX:KPG) gives notice under clause 20(1)(a) of Schedule 8 of
the Financial Markets Conduct Regulations 2014 (Regulations) that it is making an offer for
fixed-rate senior secured green bonds (Green Bonds) in reliance upon the exclusion in clause
19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA).

The Green Bonds will have identical rights, privileges, limitations and conditions (except for
the interest rate and maturity date) as Kiwi Property’s existing green bonds (the Existing
Bonds) maturing on:

> 20 August 2021 which have a fixed interest rate of 6.15% per annum and are currently
quoted on the NZX Debt Market under the ticker code KPG010;
> 7 September 2023 which have a fixed interest rate of 4.00% per annum and are currently
quoted on the NZX Debt Market under the ticker code KPG020;
> 19 December 2024 which have a fixed interest rate of 4.33% per annum and are currently
quoted on the NZX Debt Market under the ticker code KPG030; and
> 12 November 2025 which have a fixed interest rate of 4.06% per annum and are currently
quoted on the NZX Debt Market under the ticker code KPG040,

and therefore the Green Bonds are of the same class as the Existing Bonds for the purposes of
the FMCA and the Regulations.

The Existing Bonds have been continuously quoted on the NZX Debt Market over the
preceding three months and trading in the Existing Bonds has not been suspended during
that three-month period.

As at the date of this notice, Kiwi Property is in compliance with:
> the continuous disclosure obligations that apply to it in relation to the Existing Bonds; and
> its financial reporting obligations (as defined in clause 20(5) of Schedule 8 of the
Regulations).

As at the date of this notice, there is no information that is “excluded information” required to
be disclosed for the purposes of clause 20(2)(e) of Schedule 8 of the Regulations.

As at the date of this notice, there is no information that would be required to be disclosed
under a continuous disclosure obligation or which would be “excluded information” (and
required to be disclosed for the purposes of clause 20(2)(g) of Schedule 8 of the Regulations)
if the Existing Bonds had had the same interest rate or maturity date as the Green Bonds.

2
Arranger, Green Bond Co-ordinator and Joint Lead Manager

Ph: 0800 269 476



Ph: 0800 226 263 Ph: 0800 367 227 Ph: 0800 772 142
ENDS
Contact us for further information:
Gavin Parker
Chief Financial Officer
gavin.parker@kp.co.nz
+64 9 359 4012

Campbell Hodgetts
Communications and Investor Relations Lead
campbell.hodgetts@kp.co.nz
+64 27 563 4985
About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand
Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25
years and proudly own and manage a significant real estate portfolio, 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 an issuer credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its
fixed rate senior secured bonds. Kiwi Property is a member of FTSE4 Good, a series of
benchmark and tradable indices for ESG (Environmental, Social and Governance) investors.
Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website kp.co.nz

Joint Lead Managers