Arvida Group Limited — Capital/Financing Update 2017

Oct 13, 2017

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Arvida Group Limited (ARV) Market Release

13 OCTOBER 2017

ALLOTMENT OF NEW SHARES TO VENDORS

For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 13 October 2017:

(a) Class of Security: Ordinary Shares ISIN: NZARVE0001S5 (b) Number issued: 12,628,255 (c) Issue price: $1.267 per share (d) Payment terms: Payable in cash (e) Amount paid up: Fully paid (f) Principal terms: The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares

(g) Percentage of Class of Securities 3.1% of the total number of shares on issue immediately issued: prior to the issue of the new shares (h) Reason for issue: Part-funding of the acquisition of Mary Doyle, Strathallan and Village at the Park (i) Specific authority for issue: Board resolutions dated 12 September 2017

(j) Terms of issue: All of the ordinary shares are subject to escrow restrictions until 13 October 2018 (k) Total number of Securities of 413,740,527 Class in existence after issue: (l) Treasury Stock: Not applicable (m) Date of issue: 13 October 2017

• ENDS -

For more information contact:

Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz

Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

About Arvida:

Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 26 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Bethlehem Views, Tauranga; Cascades, Hamilton; Lauriston Park, Cambridge; Glenbrae, Rotorua; Molly Ryan, New Plymouth; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

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