Capital change notices - employee 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 63,541 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

0.004%
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
Restricted Share Rights that
have vested
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Exercise of Restricted Share
Rights
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.
1,650,605,065
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 26 March
2025 and 25 August 2026
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

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

Date of issue/acquisition/redemption
2
7 September 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

8 September 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 104,166 Restricted Share
Rights redeemed
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

100% of all existing Restricted
Share Rights redeemed
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
redeemed in accordance with
their terms
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.
Nil unlisted Restricted Share
Rights on issue.
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
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 25 August 2026
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 August 2025

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

with a one-year vesting period.
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
7 September 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

8 September 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
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
Number issued/acquired/redeemed
(a) 433,434 redeemed;
(b) 1,535,332 issued
Nominal value (if any)Not applicable
Issue/acquisition/redemption price per securityNo 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
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)
(a) Lapsed Performance Share Rights redeemed
pursuant to the Kiwi Property Group Limited Share
Rights Plan on cessation of employment;
(b) issue of performance share rights for the FY27 -
FY29 performance period pursuant to the Long Term
Incentive Scheme.
4,114,330 unlisted Performance Share Rights
4,114,330 Ordinary Shares if all Performance 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
Specific authority for the issue, acquisition, or redemption, including a reference to
the rule pursuant to which the issue, acquisition, or redemption is made
(a) Authorised by Board resolutions dated 24 May
2024 and 23 May 2025 and listing rule 4.6
(b) Authorised by Board resolution dated 25 August
2026.
Terms or details of the issue, acquisition, or redemption (for example: restrictions,
escrow arrangements)
Pursuant to the terms of the Kiwi Property Group Long
Term Incentive Share Scheme
Date of issue/acquisition/redemption[2]7 September 2026
Name of person authorised to make this announcement
Louise Hill
Contact person for this announcement
Louise HIll
Contact phone number
+64 27 558 0033
Contact email address
louise.hill@kp.co.nz
Date of release through MAP8 September 2026
[1] The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
[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).
Section 3: Authority for this announcement and contact person
Section 1: Issuer information
Section 2: Capital change details
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]
(a) 14.39% of all existing Performance Share Rights
immediately prior to redemption:
(b) 59.53% of all existing Performance Share Rights
immediately prior to issue.
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.