INGENIA COMMUNITIES GROUP — Capital/Financing Update 2021

Nov 21, 2021

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Not for release to US wire services or distribution in the United States

22 November 2021

Ingenia successfully completes retail component of $475 million equity raising

Ingenia Communities Group (ASX:INA) (Ingenia or the Group) is pleased to announce the successful completion of the retail component ( Retail Entitlement Offer ) of its $475 million 1 for 4.24 accelerated non-renounceable pro rata entitlement offer ( Equity Raising ), which was announced to the ASX on 1 November 2021.

Completion of the Retail Entitlement Offer represents completion of the second stage of the Equity Raising. As announced on 2 November 2021, the institutional component of the Equity Raising, being the first stage, completed on that date.

The Retail Entitlement Offer closed at 5.00pm (Sydney time) on Wednesday, 17 November 2021 and raised a total of $30.6 million, with retail securityholders applying for approximately 5 million securities. This includes securities issued through early retail acceptances and additional securities applied for under the Offer. The total amount raised under the Entitlement Offer, including the institutional component, is approximately $475 million.

Approximately 11.6 million securities not taken up under the Retail Entitlement Offer will be allocated to the sub-underwriters of the Equity Raising. Final details and allocations are subject to reconciliation and an audit process currently being conducted by Ingenia's registry.

New securities under the Retail Entitlement Offer are expected to be allotted on Wednesday, 24 November 2021 and will commence trading on ASX on Thursday, 25 November 2021.

Authorised for lodgement by the Company Secretary.

ENDS

For further information please contact:

Donna Byrne General Manager Investor Relations & Sustainability P 02 8263 0507 M 0401 711 542

About Ingenia Communities Group

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors market in Australia. The Group currently has 92 communities and development sites across Australia and is included in the S&P/ASX 200. The Group’s market capitalisation is over $2.4 billion.

Ingenia Communities Holdings Limited (ACN 154 444 925), Ingenia Communities Fund (ASRN 107 459 576) and Ingenia Communities Management Trust (ARSN 122 928 410). The Responsible Entity for each scheme is Ingenia Communities RE Limited (ACN 154 464 990) (AFSL415862).

Level 3, 88 Cumberland Street P 1300 132 946 The Rocks NSW 2000, Australia E investor@ingeniacommunities.com.au

ingeniacommunities.com.au

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Summary Information

The following disclaimer applies to this announcement and any information contained in it (Information). The Information in this announcement is of general background and does not purport to be complete. It should be read in conjunction with INA's other periodic and continuous disclosure announcements lodged with ASX Limited, which are available at www.asx.com.au. You are advised to read this disclaimer carefully before reading or making any other use of this announcement or any Information contained in this announcement.

Not an offer in the United States

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities described in this document have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States. Accordingly, such securities may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

Level 3, 88 Cumberland Street P 1300 132 946 The Rocks NSW 2000, Australia E investor@ingeniacommunities.com.au

ingeniacommunities.com.au