Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, wishes to advise of: the registration of a Memorandum of Amendments to the combined Investment Statement and Prospectus dated 31 May 2005 that relates to the 8% Mandatory Convertible Notes issued in 2005; the implications of the recent changes in tax legislation; and distribution guidance for the year ending 31 March 2011.