Allotment of securities - KPG070

Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
(Kiwi Property)
NZX ticker code KPG070
Class of financial product Fixed-rate senior secured
green bonds
ISIN (If unknown, check on NZX website) NZKPGD0070L1
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 125,000,000
Nominal value (if any) NZ$125,000,000
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
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)
1

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)
Not applicable
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 2023 (as amended
from time to time) and,
consistent with this, Kiwi
Property will apply the net
proceeds of this issue towards
refinancing Kiwi Property’s
KPG030 green bonds which
mature on 19 December 2024.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Specific authority for issue:
The resolutions passed by the
board of directors of Kiwi
Property on 22 November
2024.
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
Not applicable
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 22 November
2024.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
As described in the terms
sheet dated 5 December 2024.
Date of issue/acquisition/redemption
2
19 December 2024
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Fraser Gunn, Head of
Corporate Finance and
Investor Relations
Contact person for this announcement Fraser Gunn
Contact phone number +64 21 973 534
Contact email address fraser.gunn@kp.co.nz
Date of release through MAP

19 December 2024




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).