Distribution Reinvestment Plan price set at $1.1905

NZX RELEASE

12 December 2014

Distribution Reinvestment Plan price set at $1.1905

Kiwi Income Property Trust advises that the price for the Distribution Reinvestment Plan (DRP) operating in respect of the interim distribution payable on Tuesday, 16 December 2014 is $1.1905 per unit. The price represents a 2% discount to the volume weighted average price of units traded over the 10 business days following and including the ex-date.

Approximately 24% of Unit Holders, representing 38% of units on issue, have elected to participate in the DRP. Unit Holders who wish to participate in the DRP for future distributions should notify the Trust’s Registrar, Link Market Services, on 0800 377 388 or, for Australian investors, +64 9 375 5998.

ENDS

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