Kiwi Property Group Limited announced Fixed-rate senior secured green bonds. Term: 6.5 years, ending on the Maturity Date (27 September 2029). Offer amount: Up to NZD 100 million (with the ability to accept oversubscriptions of up to an additional NZD 25 million at Kiwi Property's discretion).

The Offer is not underwritten. Issue Price and Principal Amount NZD 1.00 per Green Bond. Minimum application amount NZD 5,000 and in multiples of NZD 1,000 thereafter.

Opening Date: 14 March 2023. Closing Date: 17 March 2023. Issue Date: 27 March 2023.

Interest Rate: The Green Bonds will pay a fixed rate of interest until the Maturity Date. The Interest Rate will be no lower than the Minimum Interest Rate. The Interest Rate will be determined by Kiwi Property (in consultation with the Joint Lead Managers) on the Rate Set Date (17 March 2023) and will be the greater of: the Minimum Interest Rate; and the sum of the Base Rate (a reference rate for a period equal to the term of the Green Bonds) plus the Margin.

The Minimum Interest Rate and the indicative Margin range will be announced by Kiwi Property via NZX on or about the Opening Date. The Interest Rate will be announced by Kiwi Property via NZX on or about the Rate Set Date. Interest Payment Dates: Interest is scheduled to be paid semi-annually in arrear on each Interest Payment Date, being 27 March and 27 September in each year until and including the Maturity Date.

The first Interest Payment Date is 27 September 2023.