NZX RELEASE

18 June 2012

Distribution Reinvestment Plan price set at $1.0354

Kiwi Income Property Trust advises that the price for the distribution reinvestment plan (DRP) operating in respect of the final distribution payable on Tuesday, 19 June 2012 is $1.0354 per unit. The price represents a 2% discount to the volume weighted average price of units traded over the 10 business days succeeding the record date.

Approximately 23% of Unit Holders by number (representing approximately 22% of the 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