Capital Change Notices - Share Rights

Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Ordinary shares
ISIN NZKPGE001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 1,754,818 issued
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

0.11%
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)
Issue of shares on exercise of
Performance Share Rights and
Restricted Share Rights that
have vested under the terms of
the Kiwi Property Group
Limited Share Rights Plan
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Exercise of Performance
Share Rights and Restricted
Share Rights pursuant to the
Kiwi Property Group Limited
Share Rights Plan
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.
1,650,541,524
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
Authorised by board
resolutions dated 19 May 2023
and 15 May 2026 and listing
rule 4.6

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

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued shares rank equally
with existing fully paid ordinary
shares
Date of issue/acquisition/redemption
2
25 May 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number +64 2755 80033
Contact email address Louise.hill@kp.co.nz
Date of release through MAP

29 May 2026




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).

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Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Unlisted Performance Share
Rights
ISIN NZKPGE001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 1,648,258 Performance Share
Rights redeemed and 50,211
Performance Share Rights
forfeited
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

35.0% of all existing
Performance Share Rights
redeemed and 1.1% of all
existing Performance Share
Rights forfeited
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)
See terms of the issue below.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Performance Share Rights
issued pursuant to the Kiwi
Property Group Limited Share
Rights Plan
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.
3,012,432 unlisted
Performance Share Rights on
issue;
3,012,432 Ordinary Shares if
all Performance Share Rights
vest or are exercised.
There is no treasury stock.

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

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
Authorised by board
resolutions dated 19 May 2023
and 15 May 2026 and listing
rule 4.6
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Performance Share Rights
(PSRs) redeemed relate to the
issue of PSRs in May 2023
with a three-year vesting
period of 1 April 2023 to 31
March 2026. Vesting of the
PSRs was subject to
satisfaction of certain
performance hurdles over the
vesting period. Upon vesting,
each PSR is converted into
one Ordinary Share in Kiwi
Property for no cash payment.
Date of issue/acquisition/redemption
2
25 May 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number +64 2755 80033
Contact email address Louise.hill@kp.co.nz
Date of release through MAP

29 May 2026




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).

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Kiwi Property Group Limited
Capital Change Notice



Section 1: Issuer information
Name of issuer Kiwi Property Group Limited
NZX ticker code KPG
Class of financial product Unlisted Restricted Share
Rights
ISIN NZKPGE001S9
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 106,560 Restricted Share
Rights redeemed and 1,332
Restricted Share Rights
forfeited
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No cash consideration is
payable
Nature of the payment (for example, cash or other
consideration)
Not applicable
Amount paid up (if not in full) Not applicable
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

50.3% of all existing Restricted
Share Rights redeemed and
0.6% of all existing Restricted
Share Rights forfeited
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)
See terms of the issue below.
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Restricted Share Rights issued
pursuant to the Kiwi Property
Group Limited Share Rights
Plan
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.
104,166 unlisted Restricted
Share Rights on issue.
104,166 Ordinary Shares if all
Restricted Share Rights vest or
are exercised.
There is no treasury stock.
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable

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

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Authorised by board resolution
dated 19 May 2023 and listing
rule 4.6
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The Restricted Share Rights
(RSRs) redeemed relate to the
issue of RSRs in May 2023
with a three-year vesting
period of 1 April 2023 to 31
March 2026. Vesting of the
RSRs was subject only to the
holder continuing to be
employed on the vesting date.
Upon vesting, each RSR is
converted into one Ordinary
Share in Kiwi Property for no
cash payment.
Date of issue/acquisition/redemption
2
25 May 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Louise Hill
Contact person for this announcement Louise Hill
Contact phone number +64 2755 80033
Contact email address Louise.hill@kp.co.nz
Date of release through MAP

29 May 2026




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).