Arvida Group Limited — Share Issue/Capital Change 2021

Oct 11, 2021

Capital Change Notice

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11 October 2021

Notice of issue of ordinary shares under Arvida’s Long Term Incentive plan

This notice is given under NZX Listing Rule 3.13.1 and 3.15.2 and relates to the exercise of performance share rights under Arvida’s Long Term Incentive Plan ( LTI Plan ) under which fully paid ordinary shares in Arvida Group Limited are issued on exercise of those performance rights.

This notice provides details of the exercise of 88,283 performance share rights under the 2019 tranche of the LTI Plan (the 2019 Tranche ).

In addition to the exercise of 88,283 performance share rights under the 2019 Tranche as detailed in this notice, 57,116 performance share rights under the 2019 Tranche have been cancelled as at 8 October 2021. A further 168,692 performance share rights under the 2020 Tranche have been cancelled as at 8 October 2021.

Arvida Group Limited now has 1,605,625 unlisted performance share rights (with varying exercise prices and expiry dates) on issue.

Section 1: issuer information

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----- Start of picture text ----- Name of issuer Arvida Group LimitedNZX ticker code ARVClass of Financial Product Ordinary SharesISIN NZARVE0001S5Currency New Zealand DollarsSection 2: capital change detailsNumber issued 88,283Nominal value (if any) Not applicableIssue price per security $2.13Nature of the payment (for example, Issued on exercise of 88,283 performance sharecash or other consideration) rights which have vested under the LTI Plan, for nocash consideration. The LTI Plan methodologycompares Total Shareholder Return performance toa listed retirement village and care peer group and anNZX50 group. Upon exercise of each performanceshare right that has vested the holder is entitled toone ordinary share in Arvida Group Limited for nocash payment. Further details of the LTI Plan areincluded within Arvida’s annual report.Amount paid up (if not in full) Fully paid ordinary sharesPercentage of total class of Financial 0.02%Products issued (calculated on thenumber of Financial Products of theClass, excluding any Treasury Stock, inexistence)----- End of picture text -----

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----- Start of picture text ----- For an issue of Convertible Financial Not applicableProducts or Options, the principal termsof Conversion (for example theConversion price and Conversion dateand the ranking of the Financial Productin relation to other Classes of FinancialProduct) or the Option (for example, theexercise price and exercise date)Reason for issue specific authority for Vesting and exercise of 88,283 performance shareissue (the reason for change must be rights under the LTI Plan (see details above)identified here) authorised by a board resolution dated 4 October2021Total number of Financial Products of 543,263,143the Class after the issue (excludingTreasury Stock) and the total number ofThere is no treasury stock.Financial Products of the Class held asTreasury Stock after theissue/acquisition/redemption.In the case of an acquisition of shares, Not applicablewhether those shares are to be held astreasury stockSpecific authority for the issue, Board resolution dated 4 October 2021 and listingincluding a reference to the rule rule 3.15.2pursuant to which the issue is madeTerms of issue Listed ordinary shares ranking equally with theexisting ordinary shares on issue in Arvida GroupLimitedDate of issue 08/10/2021Section 3: authority for this announcementName of person authorised to make this Mark WellsannouncementContact person for this announcement Mark WellsContact phone number 021-327-054Contact email address mark.wells@arvida.co.nzDate of release via MAP 11/10/2021----- End of picture text -----

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