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Kennedy Wilson Promotes Mary Ricks to President of the Company; Peter Collins Named President of Kennedy Wilson Europe

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Mary Ricks has been named President of global real estate investment
company Kennedy
Wilson
(NYSE:KW) with continued oversight of the company's European
operations as well as responsibility to help grow the investment
portfolio. Additionally, she will have responsibility for raising global
fee-bearing capital from third parties.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180814005159/en/

Mary Ricks (Photo: Business Wire)

Mary Ricks (Photo: Business Wire)

"Mary has been my partner at Kennedy Wilson for the last 28 years and
her steady leadership, vision, and global management and investment
experience have proven to be key ingredients in the success of the
company," said William J. McMorrow, Chairman and CEO of Kennedy Wilson,
who will continue in his current role. "This newly created position will
take advantage of Mary's outstanding skill set and have a major impact
on the drive for growth across all of our global investment portfolios."

Prior to her promotion, Mary served as President and CEO of Kennedy
Wilson Europe, a business she helped establish in 2011. Over the past
seven years, she oversaw more than $10 billion in acquisitions across
the UK, Ireland, Spain, and Italy. Mary currently serves on Kennedy
Wilson's Board of Directors as well as the company's investment
committee. She also served on the Board of Directors of Kennedy Wilson
Europe Real Estate Plc., the London Stock Exchange listed public company
created in 2014 that was subsequently taken into 100% ownership by
Kennedy Wilson in October 2017.

Concurrently, Peter Collins has assumed the role of President of Kennedy
Wilson Europe, reporting to Mary, with oversight of the company's
rapidly growing European business. Peter has over 30 years of experience
in financial services and the investment industry. He joined Kennedy
Wilson when the company acquired the Bank of Ireland Real Estate
Investment Management, where he was Director of Private Banking and then
Director of Asset Management. Peter helped lead Kennedy Wilson's entry
into Ireland in 2011 and has served as COO for Kennedy Wilson Europe
since 2015. Peter was appointed to the Kennedy Wilson Europe Investment
Management Board of Directors in 2016.

"Peter has played a crucial role in establishing our Irish business and
overseeing our evolution into one of the leading real estate developers
and operating businesses in Ireland," said Mary. "I am delighted that
Peter will step into this new position with support from the
high-performing team we have assembled across our European business. I
am also excited about Kennedy Wilson's growth trajectory and honored to
take on the expanded responsibilities of President, which reflects our
commitment to growing our businesses globally."

About Kennedy Wilson

Kennedy Wilson (NYSE:KW) is a global real estate investment company. We
own, operate, and invest in real estate both on our own and through our
investment management platform. We focus on multifamily and office
properties located in the Western U.S., UK, and Ireland.

For further information on Kennedy Wilson, please visit: www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are
"forward-looking statements" within the meaning of U.S. federal
securities laws. These forward-looking statements are estimates that
reflect our management's current expectations, are based on assumptions
that may prove to be inaccurate and involve known and unknown risks.
Accordingly, our actual results or performance may differ materially and
adversely from the results or performance expressed or implied by these
forward-looking statements, including for reasons that are beyond our
control. Accordingly, you should not unduly rely on these statements,
which speak only as of the date of this press release. We assume no duty
to update the forward-looking statements, except as may be required by
law.

KW-IR

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