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Arvida Group Limited Capital/Financing Update 2024

Apr 30, 2024

66157_rns_2024-05-01_ceda5762-f591-459b-85a4-c506da217df6.pdf

Capital/Financing Update

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MARKET RELEASE SETTLEMENT OF STRATHALLAN SALE

1 May 2024 – Arvida Group Limited ( Arvida ) confirms that settlement of the sale of Strathallan occurred yesterday. The sale price at $30.0 million was paid in cash.

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For more information, please contact:

Jeremy Nicoll, Chief Executive Officer, Arvida Group Limited Tel: +64 21 403 665 or email: [email protected]

Mark Wells, Chief Financial Officer, Arvida Group Limited Tel: +64 21 327 054 or email: [email protected]

About Arvida:

Arvida is one of New Zealand’s largest aged care providers owning and operating 35 retirement villages located nationally. Each village operates independently under a corporate structure that supports village operations to ensure quality and consistency of service. Arvida provides a continuum of care that extends from independent living to full rest home, hospital and dementia-level care.

Arvida’s growth strategy includes the targeted development of new villages in areas that are supported by a strong demographic and economic profile and acquisition of quality villages that meet strict acquisition criteria as well as the development of additional facilities at existing villages.

Arvida is listed on the NZX (NZX: ARV). Website: www.arvida.co.nz