On April 26, 2018, the board of directors of Kennedy-Wilson Holdings, Inc., upon the recommendation of the company's Nominating Committee, elected Ms. Sanaz Zaimi as a director of the company, effective April 26, 2018. Ms. Zaimi will serve as a member of the class of directors whose term will expire at the 2020 annual meeting of stockholders of the Company. Ms. Zaimi currently serves as the Head of Global Fixed Income, Currencies and Commodities (FICC") Sales within Bank of America Merrill Lynch (BAML") and is based in London. Ms. Zaimi joined BAML in 2010 from Goldman Sachs & Co. LLC, where she was a partner. On April 26, 2018, the independent members of the Board also appointed David Minella as the lead independent director of the Board. Mr. Minella will also serve as the chairperson of all executive sessions of the independent members of the Board.