The 1987 New Zealand bravery awards were announced via a Special Honours List on 27 August 1987, and recognised ten people for acts of bravery between 1984 and 1986.

George Medal (GM) Robin Jamieson Dudding (deceased) – traffic officer, Ministry of Transport, Rotorua.

Queen's Gallantry Medal (QGM) Stephen Anthony Linney – constable, New Zealand Police.

Peter Thomas Button – pilot, Capital Helicopters Ltd.

Queen's Commendation for Brave Conduct Katherine Agnes Burrell – prison nurse, Department of Justice, Wellington.

Joseph Kauika – of Taihape.

Clive Alan Button – of Wellington.

Sapper Alan Leslie McAlley (deceased) – Corps of Royal New Zealand Engineers, 1st Field Squadron Sappers' Brigade, Papakura Camp.

Wayne Michael Hunt – traffic officer, Ministry of Transport, Tokoroa.

Private Dean Harry Emerson – Royal New Zealand Infantry Regiment.

Queen's Commendation for Valuable Service in the Air Derek Walter Lowe – of Murupara.

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