Kennedy-Wilson, Inc. - Five Building Acquisition In Tokyo, Japan ***Clarification***

Apr 11, 2001, 01:00 ET from Kennedy-Wilson, Inc.

    BEVERLY HILLS, Calif., April 11 /PRNewswire/ -- Kennedy-Wilson, Inc.
 (Nasdaq:   KWIC), recently completed the acquisition of five properties in
 Tokyo, Japan.  One of the buildings, Ginza Wako, is an office building located
 in the 8-chrome section of Ginza, Tokyo, Japan.  The property was owned and
 developed by Wako Shoji, a now bankrupt real estate company.
 
     Founded in 1977, Kennedy-Wilson, Inc. is an international real estate
 investment, services and fund management firm headquartered in Beverly Hills
 with fifteen offices throughout the United States and five offices in Asia.
 The company offers a comprehensive array of real estate services including
 brokerage, asset management, property management, development, investment
 sales and acquisition.  The firm sources and places debt and equity for the
 acquisition of real estate through its investment and fund management
 divisions.  Kennedy-Wilson is a strategic investor and manager of value-added
 and core portfolio investments, both in partnership with institutional
 investors and in wholly owned projects in the United States and Japan.
 Kennedy-Wilson provides real estate services to Japanese and international
 investors from its offices in Asia, including its regional headquarters office
 in Tokyo.
 
     This release contains forward-looking statements as well as historical
 information.  Statements of goals and strategies and words such as "plan",
 "believe", "anticipate", "expect", "objectives", "forecast", and "predict" and
 other similar words are intended to identify forward-looking statements.
 These forward looking statements are included in accordance with the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995,
 and involve risks, uncertainties and other factors that may cause the
 company's actual results, performance, or financial condition to be materially
 different from any results, performance, or financial condition suggested by
 the statements in this release.
 
 

SOURCE Kennedy-Wilson, Inc.
    BEVERLY HILLS, Calif., April 11 /PRNewswire/ -- Kennedy-Wilson, Inc.
 (Nasdaq:   KWIC), recently completed the acquisition of five properties in
 Tokyo, Japan.  One of the buildings, Ginza Wako, is an office building located
 in the 8-chrome section of Ginza, Tokyo, Japan.  The property was owned and
 developed by Wako Shoji, a now bankrupt real estate company.
 
     Founded in 1977, Kennedy-Wilson, Inc. is an international real estate
 investment, services and fund management firm headquartered in Beverly Hills
 with fifteen offices throughout the United States and five offices in Asia.
 The company offers a comprehensive array of real estate services including
 brokerage, asset management, property management, development, investment
 sales and acquisition.  The firm sources and places debt and equity for the
 acquisition of real estate through its investment and fund management
 divisions.  Kennedy-Wilson is a strategic investor and manager of value-added
 and core portfolio investments, both in partnership with institutional
 investors and in wholly owned projects in the United States and Japan.
 Kennedy-Wilson provides real estate services to Japanese and international
 investors from its offices in Asia, including its regional headquarters office
 in Tokyo.
 
     This release contains forward-looking statements as well as historical
 information.  Statements of goals and strategies and words such as "plan",
 "believe", "anticipate", "expect", "objectives", "forecast", and "predict" and
 other similar words are intended to identify forward-looking statements.
 These forward looking statements are included in accordance with the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995,
 and involve risks, uncertainties and other factors that may cause the
 company's actual results, performance, or financial condition to be materially
 different from any results, performance, or financial condition suggested by
 the statements in this release.
 
 SOURCE  Kennedy-Wilson, Inc.