NZX RELEASE

2 September 2013

Extension of $165 million of bank debt facilities

Kiwi Income Property Trust is pleased to announce that $165 million of bank debt facilities with Westpac New Zealand have been extended on three and five year terms, increasing the weighted average term to maturity of the combined $850 million of bank debt facilities to 4.0 years as at 31 August 2013.

ENDS