KIP announces changes to the Board of the Manager

Wednesday 12th December 2012

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, wishes to acknowledge the retirement of Mr Wal Edgell from the Board of the Manager, effective today.

Mr Edgell, who was originally appointed to the Board in March 2002, was most recently an alternate director to Mr Angus McNaughton.

Chairman of the Board, Mr Mark Ford, said “Mr Edgell has been an employee of the Commonwealth Bank of Australia, the ultimate parent of the Manager of the Trust, for almost 45 years and has made a significant contribution in his capacity as a director.”

“He leaves with the thanks and best wishes of the Board and Management,” Mr Ford said.

In a separate change, the Board of Kiwi Income Properties Limited has determined that Mr Richard Didsbury is now an independent director in accordance with NZSX Listing Rule 3.3.2.

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