Kennedy-Wilson, Inc. (the Issuer), a wholly-owned subsidiary of Kennedy-Wilson Holdings, Inc. (the Company), has terminated its offers to exchange outstanding 4.750% Senior Notes due 2029, 4.750% Senior Notes due 2030, and 5.000% Senior Notes due 2031 (Existing Notes) for newly issued 6.125% Senior Notes due 2032 or 6.375% Senior Notes due 2034 (New Notes). The Issuer also terminated its solicitation of consents to adopt certain amendments to the indentures governing the Existing Notes. As a result of the termination, none of the Existing Notes tendered in the Exchange Offers will be accepted for exchange, and no New Notes will be issued. The Proposed Amendments to the indentures will not be adopted, and the Existing Notes will remain subject to their current governing indentures. All Existing Notes validly tendered and not validly withdrawn will be promptly returned to the respective tendering holders. The previously announced proposed acquisition of the Company (the Merger) by a consortium led by William McMorrow, Chairman and CEO, and Fairfax Financial Holdings Limited, is not conditioned on the consummation of these Exchange Offers or Consent Solicitations. The Company currently expects the Merger to close in the second quarter of 2026.