Arvida Group Limited — Major Shareholding Notification 2021

Aug 11, 2021

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

Note: This form must be completed in accordance with the instructions at the end of the form.

To New Zealand Stock Exchange

and

To Arvida Group Limited

Date this disclosure made: 11/08/2021

Date last disclosure made: 29/01/2021

Date on which substantial holding ceased: 10/08/2021

Substantial product holder(s) giving disclosure

Full name(s): Milford Asset Management Limited

Summary of previous substantial holding

Class of quoted voting products: Ordinary Shares

Summary for Milford Asset Management Limited

For last disclosure,—

• (a) total number held in class: 27,201,167

• (b) total in class: 542,500,000

• (c) total percentage held in class: 5.014%

For current holding after ceasing to have substantial holding,—

• (a) total number held in class: 26,805,441

• (b) total in class: 543,200,000

• (c) total percentage held in class: 4.935%

Details of transactions and events giving rise to ceasing of substantial holding

On market purchases equalling 5,369,748 units for total consideration of $9,658,564.05 NZD.

On market sales equalling 5,765,504 units for total considered of $10,357,536.85 NZD.

Additional information

Address(es) of substantial product holder(s): Level 28, 48 Shortland Street, Auckland 1010 New Zealand

Contact details: Zach Kenworthy

Operations Associate 09 921 4853

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Certification

I, Zach Kenworthy , certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

100080615/3821107.1

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