Allotment of securities – KPG050

Capital Change Notice



Section 1: Issuer information
Name of issuer
Kiwi Property Group Limited (Kiwi
Property)
NZX ticker code KPG050
Class of financial product Fixed-rate senior secured green
bonds
ISIN (If unknown, check on NZX website) NZKPGD0050L3
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed 150,000,000
Nominal value (if any) $1.00
Issue/acquisition/redemption price per security $1.00
Nature of the payment (for example, cash or other consideration) Cash
Amount paid up (if not in full) Fully paid up
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)
100%
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)
N/A
Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
An amount equal to the proceeds
of this issue will be allocated to
refinance low carbon and energy
efficient buildings that meet the
eligibility criteria set out in Kiwi
Property's Sustainable Debt
Framework dated March 2020
and, consistent with this, Kiwi
Property will apply the net
proceeds of this issue to repay
existing debt of the Kiwi Property
group.
Specific authority for the issue:
the resolutions passed by the
board of directors of Kiwi Property
on 27 June 2021.
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.
150,000,000
In the case of an acquisition of shares, whether those shares are to
be held as treasury stock
N/A

Specific authority for the issue, acquisition, or redemption, including
a reference to the rule pursuant to which the issue, acquisition, or
redemption is made
The resolutions passed by the
board of directors of Kiwi Property
on 27 June 2021.
Rule 1.14
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As set out in the term sheet dated
9 July 2021.
Date of issue/acquisition/redemption 19 July 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Gavin Parker, Chief Financial
Officer
Contact person for this announcement Gavin Parker
Contact phone number +64 9 359 4012
Contact email address gavin.parker@kp.co.nz
Date of release through MAP

19 July 2021