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Distribution Reinvestment Plan price set at $1.1398


NZX RELEASE

14 December 2012

Distribution Reinvestment Plan price set at $1.1398

Kiwi Income Property Trust advises that the price for the distribution reinvestment plan (DRP) operating in respect of the interim distribution payable on Tuesday, 18 December 2012 is $1.1398 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 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

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 $2.01 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
National Bank Centre Auckland
The Majestic Centre Wellington
Unisys House Wellington
44 The Terrace Wellington
Kiwi Income Property Trust’s website address is kipt.co.nz

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