Capital change notice - share rights plan

Kiwi Property Group Limited
Capital Change Notice
Name of issuer
Kiwi Property Group Limited
NZX ticker codeKPG
Class of financial productUnlisted Performance Share Rights
ISIN (If unknown, check on NZX website)NZKPGE001S9
CurrencyNew Zealand Dollars
Number issued/acquired/redeemed
1,632,513 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
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)
41.8% of all existing Performance Share
Rights
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.
5,541,625 unlisted Performance Share
Rights.
5,541,625 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
Authorised by board resolution dated 23
May 2025 and listing rule 4.6
Section 1: Issuer information
Section 2: Capital change details

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
The Performance Share Rights (PSRs)
have a three-year vesting period of 1 April
2025 to 31 March 2028. Vesting of the
PSRs is subject to satisfaction of hurdles.
Upon vesting, each PSR can be converted
into one Ordinary Share in Kiwi Property
on exercise for no cash payment. The
PSRs cannot be transferred.
Date of issue/acquisition/redemption6-Jun-25
Name of person authorised to make this
announcement
Steve Penney
Contact person for this announcementSteve Penney
Contact phone number+64 9 359 4025
Contact email addresssteve.penney@kp.co.nz
Date of release through MAP9-Jun-25
Section 3: Authority for this announcement and contact person