Ann: SSH: KPG: SSH Notice - Accident Compensation Corporation ("ACC")

• Release Date: 24/12/14 12:56
• Summary: SSH: KPG: SSH Notice - Accident Compensation Corporation ("ACC")
• Price Sensitive: No
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					KPG
24/12/2014 12:56
SSH
NOT PRICE SENSITIVE
REL: 1256 HRS Kiwi Property Group Limited

SSH: KPG: SSH Notice - Accident Compensation Corporation ("ACC")

Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988

To: NZX Limited
And:  KIWI PROPERTY GROUP LTD
Date this disclosure made: 24 December 2014

Substantial security holder(s) giving disclosure

Name(s):  Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
Familton, Ian Purdy
Contact details: Warwick Busfield  +64 4 816 7048
[email protected]
Date on which substantial security holder(s) began to have substantial
holding: 22 December 2014

Summary of substantial holding to which disclosure relates

Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
  Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper

For this disclosure,--

(a) Total number held in class:   116,507,608
(b) Total in class:    1,138,898,858
(c) Total percentage held in class:  10.230%

Details of relevant interests in substantial holding after relevant event

Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.

For that relevant interest,--

(a) Number held in class: 116,507,608
(b) Percentage held in class: 10.230%
(c) Current registered holder(s) of securities: ACC via New Zealand Central
Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Details for:  Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair
Cooper, Jason Familton, Ian Purdy
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(2)(b), the material
terms of this arrangement are that powers are subject to ACC investment
policies and the decisions of the ACC Investment Committee.

For that relevant interest,

(a) Number held in class:  116,507,608
(b) Percentage held in class:  10.230%(c) Current registered holder(s) of
securities: held by ACC via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown

Details of transactions and events giving rise to person beginning to have
substantial holding

Details of the transactions or other events requiring disclosure under the
instructions to this form:
Conversion of 114,107,608 Kiwi Income Property Trust units to Kiwi Property
Group units on 22th of December 2014 and the Market purchase of 2,400,000
units for net consideration of NZD $2,954,838 on 22th of December 2014.

Additional information

Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
Familton, Ian Purdy are employees and portfolio managers or equity analysts
for ACC. Under current ACC investment policies, they have the discretion to
exercise control over some or all the rights to vote and acquisition or
disposal of some or all of the securities of which ACC is the beneficial
owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington, NZ
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a

Declaration

I, Warwick Busfield, declare that, to the best of my knowledge and belief,
the information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00259408 For:KPG    Type:SSH        Time:2014-12-24 12:56:05