Kiwi Property Notice of Meeting

Notice of
Annual Meeting

Notice is hereby given that the annual meeting
of Kiwi Property Group Limited shareholders will
be held at 10.30am on Tuesday, 23 June 2026.
This will be a hybrid event, enabling attendees
to join in person or online.

Agenda
Addresses
Our Chair, Simon Shakesheff, and our Chief Executive Officer,
Clive Mackenzie, will provide an overview of the company’s
performance for the year ended 31 March 2026. There will also
be an opportunity for shareholders to ask questions.
Resolutions
Shareholders will be asked to consider and, if thought
appropriate, pass the following ordinary resolutions:
1. That Simon Shakesheff be re-elected as a director of the
company.
2. That Peter Alexander be re-elected as a director of the
company.
3. That Carlie Eve be re-elected as a director of the
company.
4. That the directors of the company be authorised to fix
the auditor’s remuneration.
These resolutions are ordinary resolutions and are required
to be passed by a simple majority of the votes of those
shareholders who are entitled to vote and voting on the
resolution.
Further information is provided under the headings ‘procedural
notes’ and ‘explanatory notes’.
The Board recommends unanimously that you vote in favour of
all resolutions.
General business
To consider any other matter that may be brought properly
before the meeting.
On behalf of the Board of Kiwi Property Group Limited.
Simon Shakesheff
Chair of the Board of Directors
22 May 2026
Procedural notes
Attendance
All shareholders registered on the company’s share register at
5pm (NZST) on Friday, 19 June 2026 are entitled to attend and
vote at the meeting. Shareholders may join the meeting either:
1. In person
The annual meeting will be held at:
Te Kawau Room
Hyundai Marine Sports Centre
8-10 Tamaki Drive
Okahu Bay
Auckland 1071
2. Online
Shareholders can participate in the annual meeting
virtually using an online platform provided by our share
registrar, MUFG Pension & Market Services, at:
www.virtualmeeting.co.nz/kpg26.
Shareholders attending the annual meeting virtually will be able
to vote and ask questions. More information regarding online
attendance at the annual meeting (including how to register to
vote, how to vote, and how to ask a question) is available from
the virtual meeting guide: https://mail.cm.mpms.mufg.com/
MUFG/MUFG_VirtualMeetingGuide.pdf. Shareholders are
encouraged to read the guide before the meeting.
During the meeting, the Board intends to answer as many
of the most frequently asked questions as is reasonably
practicable. Please refer to the instructions in the guide
on how to ask a question.
Voting and proxies
Voting at the meeting will be by way of a poll of the company’s
shareholders entitled to vote and voting.
A shareholder entitled to participate and vote at the meeting
is entitled to appoint a proxy to participate and vote on their
behalf. A proxy need not be a shareholder, and may be the
Chair of the meeting if you choose.
If you appoint a proxy, you may either direct your proxy how to
vote for you, or you may give your proxy discretion to vote as
they see fit. If the Chair of the meeting is appointed to act as
proxy and is not directed how to vote, he will vote in favour of
all resolutions.
A shareholder wishing to appoint a proxy can do so either:
• Online: at nz.investorcentre.mpms.mufg.com/voting/KPG;
or
• By completing the enclosed proxy form.
The completed proxy form or online proxy appointment must
be returned to the Registrar, MUFG Pension & Market Services,
by any of the methods specified on the proxy form, to be
received no later than 10.30am on Sunday, 21 June 2026
(being 48 hours prior to the meeting).
NZX
NZX Regulation Limited (NZ RegCo) does not take any
responsibility for any statement contained within this
Notice of Meeting.

Profile of Simon Shakesheff
Simon is an Australian-based professional director, with
significant property and finance experience covering strategy,
mergers and acquisitions, and debt and equity finance. He is
a director of Cbus Property, Assembly Funds Management,
SGCH (formerly St George Community Housing), Ingenia
Communities and Chair of the Daily Needs Real Estate
Investment Trust. Simon previously held a number of executive
roles at Stockland, Bank of America Merrill Lynch, UBS, J.P.
Morgan and Macquarie Bank.
Simon is a non-executive director, Chair of the Board of
Directors of the company and a member of the Audit, Risk and
Sustainability Committee. Simon was appointed in November
2019 and was last re-elected in June 2023.
Profile of Peter Alexander
Peter has extensive experience in New Zealand’s property
sector, having held a range of executive roles over more than
30 years. He was previously CEO of Stride Property Group
where he led the growth of its investment management
business and was head of property at Auckland International
Airport. He has also held senior executive roles at Property for
Industry, Goodman and Sky City Entertainment. Peter is a
former trustee and deputy Chair of the Dilworth Trust Board
and is the Chair of Smith & Caughey Holdings Limited.
Peter is a non-executive director, Chair of the recently
established ad hoc Investment Committee of the Board, and a
member of the People and Culture Committee. Peter was
appointed to the Board in May 2023 and elected in June 2023.
Explanatory notes
Resolutions 1, 2 and 3 – re-election of directors
In accordance with NZX Listing Rule 2.7.1, a director must not
hold office (without re-election) past the third annual
meeting following the director’s appointment or three years,
whichever is longer. Each of Simon Shakesheff, Peter
Alexander and Carlie Eve were last elected or re-elected at
the company’s June 2023 annual meeting, and accordingly
each of these directors will retire at this annual meeting and
offer themself for re-election.
The Board has determined that each of Simon Shakesheff,
Peter Alexander and Carlie Eve will be an independent
director for the purposes of the NZX Listing Rules, if elected.
The NZX Listing Rules define an independent director as a
director who is not an employee of the company and who
does not have a Disqualifying Relationship. A Disqualifying
Relationship is defined as any direct or indirect interest,
position, association or relationship that could reasonably
influence, or could reasonably be perceived to influence, in a
material way, the director’s capacity to bring an independent
view to decisions in relation to the company, act in the best
interests of the company, or represent the interests of the
company’s financial product holders generally, including
having regard to the factors described in the NZX Corporate
Governance Code that may impact director independence,
if applicable. In making a determination as to independence,
the Board has considered the factors in the NZX Corporate
Governance Code, as well as all other factors that may
influence the independence or perceived independence
of directors.
The Board is committed to ensuring it possesses the
appropriate mix of knowledge, experience and diversity to
discharge its role and responsibilities. The Board supports
the re-election of Simon Shakesheff, Peter Alexander and
Carlie Eve as it considers they have the necessary expertise
to contribute to the overall skill set of the Board to ensure
that the Board continues to have an appropriate level of skills
to support the company in achieving its objectives and
managing the business.
Simon Shakesheff
Peter Alexander

Parking
AUCKLAND COUNCIL PAY & DISPLAY PARKING
FREE PARKING
BERTH LICENSE PARKING ONLY
NO PUBLIC PARKING
Tamaki Drive
Tamaki Drive
Paritai Drive
Paritai Drive
Ngapipi Rd
Hyundai Marine
Sports Centre
Okahu Bay
Auckland CBD
Location
Te Kawau Room
Hyundai Marine Sports Centre
8-10 Tamaki Drive, Okahu Bay,
Auckland 1071
Profile of Carlie Eve
Carlie has over 30 years’ finance and governance
experience, including executive roles at Goldman Sachs
JBWere and Mint Asset Management, where she led the
Australasian Property Fund. Carlie is a former director of the
Hobsonville Land Company and currently sits on the board
of the Fonterra Shareholders Fund, as well as being the
Chair of the Diocesan School Heritage Foundation.
Carlie is a non-executive director, member of the Audit, Risk
and Sustainability Committee and a member of the recently
established ad hoc Investment Committee of the Board.
Carlie was appointed to the Board in May 2023 and elected
in June 2023.
Resolution 4 – auditor’s remuneration
Deloitte Limited is the existing auditor of the company and
has indicated its willingness to continue as auditor.
Deloitte is automatically re-appointed auditor of the
company at the annual meeting pursuant to section 207T
of the Companies Act 1993. Section 207S(a) of the
Companies Act 1993 provides that the auditor’s fees and
expenses must be fixed either by the company at the
annual meeting or in the manner that the company
determines at the annual meeting. The proposed
resolution, if passed by shareholders, would authorise the
Board, consistent with commercial practice, to fix the
remuneration of Deloitte as the company’s auditor.
Carlie Eve

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Appointment of proxy

If you are unable to participate in the annual meeting
of Kiwi Property Group Limited shareholders, you may
appoint a proxy to participate and vote at the meeting
on your behalf
Instructions
Before you complete the proxy form, please read the following
instructions, and the accompanying notice of meeting.
Please appoint your proxy online or complete the proxy form
and return it using any of the methods outlined below.
• All your shares will be voted in accordance with your
directions. For further information on the meeting and
the resolutions, please refer to the accompanying notice
of meeting.
• A proxy need not be a shareholder.
• The Chair of the meeting may be appointed to act as
your proxy. If the Chair of the meeting is appointed to act
as your proxy and is not directed how to vote, the Chair
will vote in favour of all the resolutions.
• For your proxy to be valid, it must be received by the
Registrar, MUFG Pension & Market Services, by any of the
methods specified below, to be received no later than
10.30am on Sunday, 21 June 2026 (being 48 hours prior
to the meeting).
How to lodge your proxy form
Online
nz.investorcentre.mpms.mufg.com/voting/KPG
You will require your CSN/holder number and Authorisation Code (FIN)
Email
Scan and email to: meetings.nz@cm.mpms.mufg.com
Add ‘Kiwi Property Proxy’ in the subject line
Post
Within New Zealand: Use the reply paid envelope enclosed
Outside New Zealand: Affix relevant postage stamp and post to:
MUFG Pension & Market Services, PO Box 91976, Auckland 1142, New Zealand
Hand DeliverMUFG Pension & Market Services, Level 30, PwC Tower, 15 Customs Street West, Auckland

Privacy
MUFG Pension & Market Services advise that they require information about you as an investor to be included in the public
register of the entity in which you hold securities. Information is collected to administer your security holding. MUFG Pension &
Market Services’ privacy policy is available on their website at www.mpms.mufg.com.

For further information
For any enquiries, please contact the Company’s Registrar, MUFG Pension & Market Services, as follows:
Emailenquiries.nz@cm.mpms.mufg.com
Telephone+64 9 375 5998 or 0800 377 388

Step 1: Appoint a proxy to vote on your behalf
I/We, being a shareholder of Kiwi Property Group Limited entitled to vote at the hybrid annual meeting to be held on Tuesday,
23 June 2026, hereby appoint:
The Chair of the meeting

or
Name of proxy (full name)
Email address of proxy
Or failing him/her
Name of proxy (full name)
Email address of proxy
to be my/our proxy to exercise my/our vote at the meeting, and at any adjournment of that meeting.
Step 2: Provide voting instructions for your proxy
Resolutions ForAgainstDiscretionAbstain
1. That Simon Shakesheff be re-elected as a director of the company
2. That Peter Alexander be re-elected as a director of the company
3. That Carlie Eve be re-elected as a director of the company
4. That the directors of the company be authorised to fix the
auditor’s remuneration
Notes on providing voting instructions
• Tick the relevant box to record your vote.
• If you mark the discretion box in respect of a resolution, your proxy may vote or abstain from voting as she or he thinks fit.
However, if you appoint the Chair of the meeting as your proxy, the Chair will vote in favour of all the resolutions.
• If you mark the abstain box in respect of a resolution, you are directing your proxy not to vote on your behalf and your vote will
not be counted.
Step 3: Provide your signature

Date
Contact name Contact phone number
Email address
By supplying your email address you consent to receive your Kiwi Property investor communications by email.
Notes on signing the proxy form
• If you are joint holders of shares, at least one of you must sign this form.
• If you are a company, this form must be signed on behalf of the company by a person acting under the company’s express or
implied authority.
• If this form is signed under a power of attorney, a copy of the power of attorney (unless already deposited with the Registrar)
and a signed certificate of non-revocation of that power of attorney must be provided with this form.

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Virtual
Meeting
Guide
MUFG Corporate Markets
A division of MUFG Pension & Market Services

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Make sure your browser will work
by going to whatismybrowser.com
Supported browsers are:
• Chrome Version 44 and later
• Edge Version 92.0 and later
• Firefox Version 40.0.2 and later
• Safari MacOS 10.9 and later
Check your browser

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
You will need one of the
following to vote
If you’re an investor, you can find your
CSN/Holder Number on most investor
communications from us.
If you’re a proxy, your proxy number will be
sent to your email address one to two days
before the meeting.
Get ready to vote
A
Your CSN/
Holder Number
if you are an
investor
B
Your proxy
number if you
are an appointed
proxy
OR

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Open your browser and go to
www.virtualmeeting.co.nz
Choose the meeting you want to watch from
the list and click the View Meeting button.
Register using your full name, mobile number,
email address, and participant type.
Read and accept the terms and conditions
before clicking on the Register and Watch
Meeting button.
Register for the meeting

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
The webcast will start by itself
when the meeting begins
If the webcast doesn’t start, press the play
button and check the volume on your device
is turned up. The meeting slides will be cycled
through while the webcast plays.
At the bottom are buttons for Get a Voting
Card, Ask a Question and a list of documents
available for download.
Watch the meeting

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Register to vote by clicking on
the Get a Voting Card button
If you’re an investor, you will need to enter
your CSN/Holder Number.
If you’re an appointed proxy, you will need to
enter the proxy number in the Proxy Details
section, then click the Submit Details and
Vote button.
Get a voting card

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Once you have your voting card,
tell us how you want to vote
You may need to use the scroll bar on the right
side of the voting card to see all resolutions.
Choose either Full Vote or Partial Vote using
the tabs. Click on either the For, Against, or
Abstain voting buttons. For a Partial Vote,
enter a number of votes—the total number of
votes you have are shown.
Enter your vote

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Make sure you submit your vote
before the countdown timer
ends
Once you have finished voting, scroll down
to the bottom of the box and click on the
Submit Vote or Submit Partial Vote button.
You can close your voting card without
submitting your vote while voting is open.
Any votes you have already made are saved.
The voting card will be under the webcast
with a Not yet submitted message below.
You can edit your votes while voting is open
by clicking on Edit Card. This will re-open the
voting card with any previous votes made.
At the end of the meeting, a red bar with a
five-minute countdown timer will appear at
the top of the website advising the remaining
time to submit your voting cards. Once voting
has been closed, your vote can’t be changed.
Submit your vote

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Only investors, proxies and
corporate representatives can
ask questions
If you have not registered a voting card,
you will be asked to enter your CSN/Holder
Number or proxy number before you can ask
a question.
Click on the Ask a Question button either at
the top or bottom of the page.
Ask a question

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Select the category or resolution
for your question
Type your question in the Question box, and click
on the Submit Question button.
After submitting, click the View Questions button
to see your questions (only visible to you).
If your question has been answered and you want
to reply, submit another question.
Submit a question/reply

Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services
Title
Description
Body
Level 30, PwC Tower, 15 Customs Street West, Auckland 1010 | 0800 200 220 | meetings.nz@cm.mpms.mufg.com
MUFG Corporate Markets
A division of MUFG Pension & Market Services