Kennedy Wil. 25 Regulatory News (61NM)

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018)

NOTICE OF AMENDMENT to EARLY redemption

to the holders of the outstanding

Sterling-denominated 3.95 per cent. Bonds due 2022 (ISIN: XS1117292554)

(the "Bonds")

issued by

Kennedy Wilson Europe Real Estate Limited

(formerly known as Kennedy Wilson Europe Real Estate Plc)

(the "Issuer")

Reference is hereby made to the "notice of early redemption" dated 10 August 2021 relating to the Bonds (the "Original Notice").

NOTICE IS HEREBY GIVEN to the holders of the Bonds (the "Bondholders") that the redemption date for the outstanding Bonds will now be 11 October 2021 (the "Optional Redemption Date") instead of 10 September 2021 as indicated in the Original Notice.

In accordance with Condition 5(c) (Redemption at the Option of the Issuer) of the Terms and Conditions of the Bonds (the "Conditions"), the outstanding Bonds called for redemption will be redeemed at the Make Whole Redemption Price (as defined in the Conditions), together with interest accrued to (but excluding) the Optional Redemption Date.

The Make Whole Redemption Price and the amount of accrued interest per Calculation Amount (as defined in the Conditions) will now be notified to the Bondholders on 7 October 2021, such date being the second business day in London prior to the Optional Redemption Date.

For further information you may contact:

Daven Bhavsar, CFA

Vice President of Investor Relations

+1 (310) 887-3431

dbhavsar@kennedywilson.com

This notice, which is irrevocable, is given by Kennedy Wilson Europe Real Estate Limited on 8 September 2021.

This notice is released by the Issuer and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR"), encompassing information relating to the partial redemption of Bonds described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018), this announcement is made by Padmini Singla, General Counsel, Europe of the Issuer.

LEI Number: 213800WIL553Z1T6DZ52