Allotment of securities – KPG060

Capital Change Notice




Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
(Kiwi Property)
NZX ticker code KPG060
Class of financial product Fixed-rate senior secured
green bonds
ISIN (If unknown, check on NZX website) NZKPGD0060L2
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed 125,000,000
Nominal value (if any) NZ$1.00
Issue/acquisition/redemption price per security NZ$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)
Reason for issue: Kiwi
Property intends to allocate an
amount equal to the proceeds
of this issue to finance or
refinance its direct and indirect
investments in low carbon and
energy efficient buildings that
meet the eligibility criteria set
out in Kiwi Property's
Sustainable Debt Framework
dated May 2022 (as amended
from time to time) and,
consistent with this, Kiwi
Property will apply the net
proceeds of this issue to repay
existing bank debt of the Kiwi
Property group.

Specific authority for issue:
The resolutions passed by the
board of directors of Kiwi
Property on 4 March 2023.

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.
125,000,000

Nil Treasury Stock.
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 4 March 2023.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As described in the product
disclosure statement dated 6
March 2023.
Date of issue/acquisition/redemption 27 March 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Campbell Hodgetts, Head of
Communications and Investor
Relations

Contact person for this announcement
Campbell Hodgetts
Contact phone number
+64 275 634 985
Contact email address
campbell.hodgetts@kp.co.nz
Date of release through MAP

28 March 2023