Arvida Group Limited — Share Issue/Capital Change 2021

Dec 16, 2021

Capital Change Notice

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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/acquired/redeemed	2,994,086
Nominal value (if any)	Not applicable
Issue/acquisition/redemption price per security	$1.9182
Nature of the payment (for example, cash or otherconsideration)	Cash, satisfied byreinvestment of dividendproceeds pursuant to theDividend Reinvestment Plan
Amount paid up (if not in full)	Fully paid ordinary shares
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)1	0.4175%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	Not applicable
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Issue of ordinary shares underDividend Reinvestment Plan,approved by directors’resolutions dated 22November 2021.
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	720,060,907
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	Not applicable
Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Directors’ resolution dated 22November 2021 pursuant toNZX Listing Rule 4.8.1.

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	The shares issued are quotedordinary shares rankingequally with the existingordinary shares on issue ofArvida Group Limited.
Date of issue/acquisition/redemption2	15/12/2021
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	16/12/2021

2 Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).