Arvida Group Limited — Share Issue/Capital Change 2021

Oct 20, 2021

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Capital Change Notice

Section 1: Issuer information
Name of issuer	Arvida Group Limited
NZX ticker code	ARV
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZARVE0001S5
Currency	NZD
Section 2: Capital change details
Number issued	79,081,633
Nominal value (if any)	Not applicable
Issue price per security	$1.96
Nature of the payment (for example, cash or other consideration)	Cash
Amount paid up (if not in full)	Paid in full
Percentage of total class of Financial Products issued (calculated onthe number of Financial Products of the Class, excluding anyTreasury Stock, in existence)	14.557%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversion price andConversion date and the ranking of the Financial Product in relationto other Classes of Financial Product) or the Option (for example, theexercise price and exercise date)	Not applicable
Reason for issue and specific authority for issue (the reason forchange must be identified here)	Allotment under a placementconducted by Arvida Groupto part fund acquisition
Total number of Financial Products of the Class after the issue(excluding Treasury Stock) and the total number of FinancialProducts of the Class held as Treasury Stock after the issue.	622,344,776 sharesNo shares held as treasury stock
In the case of an acquisition of shares, whether those shares are tobe held as treasury stock	Not applicable
Specific authority for the issue, including a reference to the rulepursuant to which the issue, acquisition, or redemption is made	Directors’ resolution dated14 October 2021 for issue underrule 4.5.1
Terms or details of the issue (for example: restrictions, escrowarrangements)	New ordinary shares which rankequally with all other fully paidordinary shares
Date of issue	21 October 2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Jeremy Nicoll
Contact person for this announcement	Jeremy Nicoll
Contact phone number	+64 21 403 665
Contact email address	jeremy.nicoll@arvida.co.nz
Date of release through MAP	21 October 2021