Friday, 17 August 2018

Announcement

OFFER: KPG: Kiwi Property fixed-rate senior secured bonds

04 Dec 2017 09:40NZX
Kiwi Property Group Limited (Kiwi Property) gives notice under clause
20(1)(a) of schedule 8 to the Financial Markets Conduct Regulations 2014
(Regulations) that it proposes to make an offer of fixed-rate senior secured
bonds (Bonds) in reliance upon the exclusion in clause 19 of schedule 1 to
the Financial Markets Conduct Act 2013 (FMCA).

Except for the redemption date and interest rate, the Bonds will have
identical rights, privileges, limitations and conditions as Kiwi Property''s:

> $125 million fixed-rate, senior, secured bonds maturing on 20 August 2021,
which are quoted on the NZX Debt Market under the ticker code KPG010 (KPG010
Bonds), and

> $125 million fixed-rate, senior, secured bonds maturing on 7 September
2023, which are quoted on the NZX Debt Market under the ticker code KPG020
(KPG020 Bonds),

and, therefore, are of the same class as the KPG010 and KPG020 Bonds
(together referred to as the Existing Bonds) for the purposes of the FMCA and
the Regulations.

Both Existing Bonds have been continuously quoted on the NZX Debt Market over
the preceding three months and trading in the Existing Bonds has not been
suspended during that period.

As at the date of this notice, Kiwi Property is in compliance with:

> the continuous disclosure obligations that apply to it in relation to the
Existing Bonds; and

> its financial reporting obligations (as defined in the Regulations).

As at the date of this notice, there is no excluded information for the
purposes of the Regulations.

As at the date of this notice, there is no information that would be required
to be disclosed under a continuous disclosure obligation or which would be
excluded information for the purposes of the Regulations if the Existing
Bonds had had the same redemption date or interest rate as the Bonds being
offered.

> Ends

CONTACT US FOR FURTHER INFORMATION

Gavin Parker
Chief Operating Officer
gavin.parker@kp.co.nz
+64 9 359 4012

Stuart Tabuteau
Chief Financial Officer
stuart.tabuteau@kp.co.nz
+64 9 359 4025

ABOUT US

Kiwi Property (NZX: KPG) is the largest listed property company on the New
Zealand Stock Exchange and is a member of the S&P/NZX 15 Index.  We''ve been
around for more than 20 years and we proudly own and manage a $3.1 billion
portfolio of real estate, comprising some of New Zealand''s best shopping
centres and prime office buildings.  Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior
risk-adjusted returns over time 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 existing fixed-rate senior secured bonds.
Kiwi Property is licensed under the Real Estate Agents Act 2008.  To find out
more, visit our website kp.co.nz
End CA:00311356 For:KPG    Type:OFFER      Time:2017-12-04 09:40:37
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Kiwi Property Group
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