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Kennedy Wilson Announces Offering of Additional $75 Million 8.750% Senior Notes Due 2019

  Kennedy Wilson Announces Offering of Additional $75 Million 8.750% Senior
  Notes Due 2019

Business Wire

BEVERLY HILLS, Calif. -- December 03, 2012

Kennedy-Wilson, Inc. ("Kennedy Wilson"), a wholly owned subsidiary of
international real estate investment and services firm Kennedy-Wilson
Holdings, Inc. (NYSE:KW), today announced that it intends to offer, subject to
market conditions and other factors, an additional $75 million of its 8.750%
Notes due 2019 (the "Additional Notes"). The Additional Notes will be Kennedy
Wilson’s senior unsecured obligations and will be guaranteed by Kennedy-Wilson
Holdings, Inc. and certain subsidiaries of Kennedy Wilson. The Additional
Notes are being offered to “qualified institutional buyers” pursuant to Rule
144A of the Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States to persons other than “U.S. persons” in compliance
with Regulation S under the Securities Act. Following the required exchange
offer of the Additional Notes for registered notes, Kennedy Wilson expects
that the registered notes will be treated, together with the existing $250
million of 8.750% senior notes due 2019 previously issued by Kennedy Wilson,
as a single series of debt securities.

Kennedy Wilson intends to use the net proceeds from the Additional Notes for
working capital and general corporate purposes, including future acquisitions
and co-investments.

This news release is neither an offer to sell nor a solicitation of an offer
to buy the securities described above, nor shall there be any sale of any
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.

The offer and sale of the Additional Notes will not be registered under the
Securities Act or any state securities laws, and unless so registered, the
Additional Notes may not be offered or sold in the United States or to U.S.
persons except pursuant to transactions that are exempt from, or not subject
to, the registration requirements of the Securities Act and applicable state
securities laws.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and
services company headquartered in Beverly Hills, California, with 24 offices
in the United States, United Kingdom, Ireland, Spain and Japan. The company
offers a comprehensive array of real estate services, including auction,
conventional sales, property services, research and investment management.
Through its fund management and separate account businesses, Kennedy Wilson is
a strategic investor of real estate investments in the United States, United
Kingdom, Ireland and Japan.

Contact:

Kennedy Wilson
Christina Cha, 310-887-6294
 
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