Kiwi Property Group Limited — Director's Dealing 2021

May 31, 2021

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(1) and 298(1), Financial Markets Conduct Act 2013

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To NZX Limited; and
Name of listed issuer: Kiwi Property Group Limited
Date this disclosure made: 31-May-21
Date of last disclosure: 23-Apr-21
Director or senior manager giving disclosure
Full name(s): See attached schedule
Name of listed issuer: Kiwi Property Group Limited
Name of related body corporate (if applicable): N/A
Position held in listed issuer: See attached schedule
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary shares
Nature of the affected relevant interest(s): See attached schedule
For that relevant interest-
Number held in class before acquisition or disposal: See attached schedule
Number held in class after acquisition or disposal: See attached schedule
Current registered holder(s): N/A
Registered holder(s) once transfers are registered: See attached schedule
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products: N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any): N/A
A statement as to whether the derivative is cash settled or physically settled: N/A
Maturity date of the derivative (if any): N/A
Expiry date of the derivative(if any): N/A
The price specified in the terms of the derivative (if any): N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products: N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 30
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Details of transactions requiring disclosure-

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Date of transaction: 28-May-21
Nature of transaction: Acquisition of options which, if certain
conditions are met, confer an entitlement to
receive ordinary shares in Kiwi Property
Group Limited pursuant to the Performance
Share Rights Plan.
Acquisition of ordinary shares in Kiwi
Property Group Limited following the
vesting of Performance Share Rights and
the disposal of lapsed Performance Share
Rights in each case pursuant to the
Performance Share Rights Plan
Off market transfer of the beneficial interest
from each Senior Manager to Pacific
Custodians (New Zealand) Limited (as
trustee) of lapsed ordinary shares pursuant
to Kiwi Property Group Limited's LTI Plan.
Off market transfer of the legal interest from
Pacific Custodians (New Zealand) Limited
(as trustee) to each Senior Manager of
vested ordinary shares pursuant to Kiwi
Property Group Limited's Employee Share
Ownership Plan (ESOP). Such shares
vested following the expiry of the 3-year
vesting period.
Name of any other party or parties to the transaction (if known): See attached schedule
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration: See attached schedule
Number of financial products to which the transaction related: See attached schedule
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period: No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period: N/A
Date of the prior written clearance (if any): N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: See attached schedule
Nature of relevant interest: See attached schedule
For that relevant interest,-
Number held in class: See attached schedule
Current registered holder(s): See attached schedule
For a derivative relevant interest,-
Type of derivative: N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any): N/A
A statement as to whether the derivative is cash settled or physically settled: N/A
Maturity date of the derivative (if any): N/A
Expiry date of the derivative (if any): N/A
The price's specified terms (if any): N/A
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Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

N/A N/A N/A

Certification

I, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or

Signature of person authorised to sign on behalf of director or senior manager:

Date of signature: Name and title of authorised person:

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31/05021 Trevor Wairepo, General Counsel and Company Secretary

Schedule to Ongoing Disclosure Notice - 31 May 2021

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Number held in Performance Vested Lapsed Number held Consideration for
Name of Senior Nature of relevant class before Share Rights Performance Performance Lapsed LTI plan in class after lapsed LTI plan Registered holder once transfers are
Manager Position held interest transaction granted Share Rights Share Rights shares ESOP vesting transaction shares registered
Share rights - Legal and beneficial - PSRs 143,455 84,927 - 50,139 - 9,879 168,364 Aubrey Cheng
Aubrey Cheng GM Income and Leasing Share rights - Legal and beneficial - RSRs 1,992 1,992 Aubrey Cheng
Ordinary shares - Legal and beneficial 18,058 50,139 577 68,774 Aubrey Cheng
Ordinary shares - Beneficial 41,091 - 40,514 - 577 - $ 48,903.24 Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 29,253 68,160 - 14,625 82,788 Kylie Eagle
Share rights - Legal and beneficial - RSRs 1,992 1,992 Kylie Eagle
Kylie Eagle GM People and Communications
Ordinary shares - Legal and beneficial 46,896 14,625 577 62,098 Kylie Eagle
Ordinary shares - Beneficial 34,510 - 33,933 - 577 - $ 40,958.79 Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 128,747 - 44,993 - 8,868 74,886 Michael Holloway
Share rights - Legal and beneficial - RSRs 1,992 1,992 Michael Holloway
Michael Holloway GM Property Investment
Ordinary shares - Legal and beneficial 10,775 44,993 577 56,345 Michael Holloway
Ordinary shares - Beneficial 37,300 - 36,723 - 577 - $ 44,327.59 Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 667,128 454,841 - 244,778 - 40,631 836,560 Clive Mackenzie
Share rights - Legal and beneficial - RSRs 1,992 1,992 Clive Mackenzie
Clive Mackenzie Chief Executve Officer Ordinary shares - Legal and beneficial 72,247 244,778 317,025 Clive Mackenzie
Ordinary shares - Beneficial - - Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 262,285 145,053 - 91,658 - 18,069 297,611 Gavin Parker
Share rights - Legal and beneficial - RSRs 1,992 1,992 Gavin Parker
Gavin Parker Chief Financial Officer Ordinary shares - Legal and beneficial - 91,658 91,658 Gavin Parker
Ordinary shares - Beneficial 270,887 270,887 Gavin Parker, Debra Parker & Pravir Tesiram
Ordinary shares - Beneficial 79,662 - 79,662 - $ 96,156.42 Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 136,303 75,169 - 47,625 - 9,393 154,454 Ian Passau
Share rights - Legal and beneficial - RSRs 1,992 1,992 Ian Passau
Ian Passau GM Development
Ordinary shares - Legal and beneficial 16,637 47,625 577 64,839 Ian Passau
Ordinary shares - Beneficial 41,052 - 40,475 - 577 - $ 48,855.52 Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs - 95,055 95,055 Steve Penney
Share rights - Legal and beneficial - RSRs 1,076 1,076 Steve Penney
Steve Penney GM Funds Management
Ordinary shares - Legal and beneficial - - Steve Penney
Ordinary shares - Beneficial - - Pacific Custodians (New Zealand) Limited
Share rights - Legal and beneficial - PSRs 165,354 88,628 - 57,835 - 11,367 184,780 Linda Trainer
Share rights - Legal and beneficial - RSRs 1,992 1,992 Linda Trainer
Linda Trainer GM Asset Management
Ordinary shares - Legal and beneficial - 57,835 57,835 Linda Trainer
Ordinary shares - Beneficial 46,584 - 46,584 - $ 56,229.97 Pacific Custodians (New Zealand) Limited
Total 1,011,833 551,653 98,207 277,891 2,308 $ 335,431.53
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