Kiwi Property FY25 first quarter dividend payment

NZX RELEASE
23 August 2024
Kiwi Property FY25 first quarter dividend payment


Kiwi Property will pay a first quarter dividend of 1.35 cents per share. The dividend will
have imputation credits of 0.2929 cents per share and a supplementary dividend of
0.132913 cents per share will be paid to non-resident shareholders.

The record date for the dividend is 6 September 2024, and the payment date is 20
September 2024.

Kiwi Property will also reinstate its Dividend Reinvestment Plan (DRP) for the first quarter
dividend of the 2025 financial year. Pricing will be determined by the volume weighted
average share price for the five trading days to 11 September 2024 and subject to a 2%
discount.

The reintroduction of the DRP will contribute to Kiwi Property’s capital management
programme, enabling the company to reduce gearing while providing a cost-effective
opportunity for shareholders to grow their investment in the company.


ENDS

Contact us for further information:
Clive Mackenzie
Chief Executive Officer
clive.mackenzie@kp.co.nz

Fraser Gunn
Head of Corporate Finance and Investor Relations
fraser.gunn@kp.co.nz
+64 21 973 534
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 30 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. 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 2024
Ex-Date 5 September 2024
Payment date (and allotment date for
DRP)
20 September 2024
Total monies associated with the
distribution
$21,506,778
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.01642900
Total cash distribution $0.01350000
Excluded amount (applicable to listed
PIEs)
$0.00596827
Supplementary distribution amount $0.00132913
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
$0.00292900
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 2024 11 September 2024
Date strike price to be announced (if not
available at this time)
12 September 2024

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
9 September 2024
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 23 August 2024