Kennedy Wilson Announces Pricing of Common Stock Offering

  Kennedy Wilson Announces Pricing of Common Stock Offering

Business Wire

BEVERLY HILLS, Calif. -- September 10, 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 6,000,000 shares of its
common stock at a public offering price of $18.50 per share. The offering is
expected to close on September 13, 2013, subject to customary closing
conditions. Kennedy Wilson has also granted the underwriter of the offering a
30-day option to purchase up to 900,000 additional shares of common stock.

Deutsche Bank Securities is acting as the sole underwriter for 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 $50.0 million outstanding balance under its unsecured revolving
credit facility. Copies of the preliminary prospectus supplement (or, when
available, the final prospectus supplement) and accompanying prospectus may be
obtained by contacting Deutsche Bank Securities Inc., 60 Wall Street, New
York, New York 10005, Attention: Prospectus Group, telephone (800) 503-4611 or
email at prospectus.cpdg@db.com.

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

This news release does not constitute an offer to sell or the solicitation of
an offer to buy, nor will there be any sale of these securities, in any state
or other jurisdiction in which the offer, solicitation or sale would be
unlawful before registration or qualification under the security laws of that
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
United States, the 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, the
United Kingdom, Ireland and Japan.

Contact:

Kennedy Wilson
Christina Cha
VP of Corporate Communication
(310) 887-6294
ccha@kennedywilson.com
 
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