Kennedy Wilson Announces Pricing of Common Stock Offering

  Kennedy Wilson Announces Pricing of Common Stock Offering

Business Wire

BEVERLY HILLS, Calif. -- March 14, 2013

International real estate investment and services firm, Kennedy-Wilson
Holdings, Inc. (NYSE: KW) (“Kennedy Wilson” or the “Company”) today announced
the pricing of its underwritten public offering of 9,000,000 shares of its
common stock at a public offering price of $15.70 per share. The Company
expects the net proceeds from the offering to be approximately $133.8 million,
after deducting underwriting discounts and commissions and estimated offering
expenses payable by the Company. The offering is expected to close on March
20, 2013, subject to customary closing conditions. Kennedy Wilson has also
granted the underwriters of the offering a 30-day option to purchase up to
1,350,000 additional shares of common stock. BofA Merrill Lynch, Deutsche Bank
Securities and Morgan Stanley are acting as joint book-running managers of the
offering. JMP Securities, B.Riley & Co., CJS Securities, Inc. and Sidoti &
Company, LLC are acting as co-managers of the offering.

The Company expects to use the net proceeds from the offering for general
corporate purposes, including future acquisitions and co-investments, and to
repay the $35.0 million outstanding balance under its unsecured revolving
credit facility. Copies of the preliminary prospectus supplement (or, when
available, the final prospectus supplement) and the accompanying prospectus
may be obtained by contacting: BofA Merrill Lynch, 222 Broadway, New York, New
York 10038, Attention: Prospectus Department or email at; Deutsche Bank Securities, 60 Wall Street, New
York, New York 10005, Attention: Prospectus Department, telephone (800)
503-4611 or email at; or Morgan Stanley, 180 Varick
Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department,
telephone (866) 718-1649 or email at

The offering is being made pursuant to an effective shelf registration
statement filed with the U.S. Securities and Exchange Commission.

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities, in any state
or other jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the security laws of
such state or jurisdiction. The offering may be made only by means of a
prospectus supplement and accompanying prospectus.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and
services company headquartered in Beverly Hills, CA with 24 offices in the
U.S., U.K., 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 U.S., U.K., Ireland and Japan.


Kennedy Wilson
Christina Cha
VP of Corporate Communication
(310) 887-6294
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