Kiwi Property FY24 first quarter dividend payment

NZX RELEASE
28 August 2023
Kiwi Property FY24 first quarter dividend payment


Kiwi Property will pay a first quarter cash dividend of 1.425 cents per share. The dividend
will have imputation credits of 0.267 cents per share attached and a supplementary
dividend of 0.121 cents per share will be paid to non-resident shareholders.

The record date for the dividend is 6 September 2023, and the payment date is 20
September 2023. The dividend reinvestment plan (“DRP”) will operate for this dividend.
Pricing for the DRP will be the average of the volume weighted average price for shares
sold on each of the five trading days to 11 September 2023 less a 2% discount.

Contact us for further information:
Campbell Hodgetts
Head of Communications and Investor Relations
campbell.hodgetts@kp.co.nz
+64 275 634 985


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 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 the highest rated New Zealand company within
CDP (Carbon Disclosure Project) and 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

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Distribution notice


Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
Financial product name/description Ordinary Shares
NZX ticker code KPG
ISIN NZKPGE0001S9
Type of distribution Full Year Quarterly x
Half Year Special
DRP applies x
Record date 6 September 2023
Ex-Date 5 September 2023
Payment date (and allotment date for
DRP)
20 September 2023
Total monies associated with the
distribution
$22,524,387
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.01692380
Total cash distribution $0.01425000
Excluded amount (applicable to listed
PIEs)
$0.00737451
Supplementary distribution amount $0.00121332
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed Partial imputation
If fully or partially imputed, please state
imputation rate as % applied
28% on the imputed component
Imputation tax credits per financial
product
$0.00267380
Resident Withholding Tax per financial
product
N/A
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any) 2%
Start date and end date for determining
market price for DRP
5 September 2023 11 September 2023
Date strike price to be announced (if not
available at this time)
12 September 2023

2
Specify source of financial products to
be issued under DRP programme
New issue
DRP strike price per financial product
TBC
Last date to submit a participation
notice for this distribution in accordance
with DRP participation terms
7 September 2023
Section 5: Authority for this announcement
Name of person authorised to make this
announcement
Steve Penney
Contact person for this announcement Steve Penney
Contact phone number +64 9 359 4025
Contact email address steve.penney@kp.co.nz
Date of release through MAP 28 August 2023