Ms Jane Freeman appointed as independent director

NZX RELEASE

20 August 2014

Ms Jane Freeman appointed as independent director

Kiwi Income Property Trust announces the appointment of Ms Jane Freeman to the Board of the Manager, with effect from today.

Ms Freeman is an Auckland-based professional director who has extensive retail experience and expertise in the field of customer-driven technology. She holds directorships with Foodstuffs North Island, ASB Bank, Pumpkin Patch (Chair) and Delegats Group. Previously held board positions include Air New Zealand, St George Bank NZ, Albert Street Dental, Publicis Group NZ, Sheffield and SKYCITY Entertainment Group.

Ms Freeman has held a number of senior marketing and management roles in major New Zealand businesses including Telecom, ASB Bank, Bank Direct and Clear Communications.

In welcoming Ms Freeman to the Board, Chairman Mark Ford said: “Ms Freeman’s wide knowledge of New Zealand business and her experience as a director will be invaluable in assisting us to continue to deliver upon our strategic objectives. Her experience in the New Zealand retail sector will also be highly valued.”

In accordance with NZX Listing Rule 3.3.2, the Board has determined that Ms Freeman is an independent director.

About Kiwi Income Property Trust
Kiwi Income Property Trust’s objective is to optimise returns for its Unit Holders through the careful acquisition, development and professional management of its property portfolio. The Trust is listed on the New Zealand Stock Exchange and is ranked within the top 15 on the NZX 50 Index, and is a member of the NZX 15 Index.

The total value of the Trust’s property portfolio is $2.1 billion. Assets include:

Key Retail Assets
Sylvia Park Shopping Centre, Auckland
LynnMall Shopping Centre, Auckland
Centre Place Shopping Centre, Hamilton
The Plaza Shopping Centre, Palmerston North
North City Shopping Centre, Porirua
Northlands Shopping Centre, Christchurch
Key Office Assets Vero Centre, Auckland
ASB North Wharf, Auckland
he Majestic Centre, Wellington
Unisys House, Wellington
44 The Terrace, Wellington

Kiwi Income Property Trust’s website address is http://www.kipt.co.nz/

ENDS

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