Newsroom

Arvida is listed on NZX under the ticker ARV. Visit NZX.

NZX Announcements

A list of recent company announcements can be viewed at NZX.

Media Releases

Momentum Builds 21/11/2017 8:31:34 a.m.

• Momentum in earnings with Net Profit After Tax of $12.4 million • Lift in underlying earnings per share of 7% on prior corresponding period • Care occupancy remains solid at 96% underpinning revenue generation • Heightened brownfield development activity on track for second half delivery • Strong interest in new product generating significant pre-sales Arvida Group Limited (NZX:ARV) today reported unaudited net profit after tax of $14.5 million and underlying profit of $12.4 million for the six months ended 30 September 2017. Revenue grew to $60.0 million for the first half underpinned by growth in care fees which continued to represent over 70% of total revenue. Care facility occupancy in September increased to 96% and remains significantly above the industry average. Core underlying earnings per share were up 7% on the prior corresponding period to 3.7 cents per share. Total assets were $310 million higher at $847 million following the acquisition of Bethlehem Views, Cascades, Copper Crest and Lauriston Park in the second half of last year and a material increase in development expenditure. Arvida Group Chief Executive Bill McDonald said “construction has continued to progress well on our major developments with around $50 million of work in progress. Our development pipeline now includes over 1,000 units and beds to be progressively completed over the next five years.” The delivery of 94 new units and settlement of around 70 of these units is expected to occur over the second half of the financial year. This follows highly successful launch events that generated strong pre-sale support for the new developments. Sales of 20 new units have already settled since 1 October. Resale volume and price growth contributed to net operating cash flows of $14.5 million. Second half cash flows will receive the benefit of new units coming available for occupation by residents as well as earnings contributions from the three recently acquired villages. “We were very pleased to acquire three large villages recently adding to our national footprint that now comprises 29 villages.” Bill McDonald said integration of the three villages was already well advanced following settlement in October, with the villages set to be immediately accretive to earnings. A dividend of 1.15 cents per share was declared by the Directors for the September quarter, up 5% on the comparative period. The dividend is partially imputed at 0.4 cents per share. A supplementary dividend of 0.18 cents per share will be paid to non-resident shareholders. The record date for the dividend is 7 December 2017 and payment will be made on 15 December 2017. - ENDS -

Media Release
Interim Report
Appendix 1
Appendix 7
Investor Presentation

Notice of Interim Result Announcement 14/11/2017 10:30:59 a.m.

Arvida Group Limited’s (NZX:ARV) interim result for the six-months to 30 September 2017 will be released to NZX on 21 November 2017. Bill McDonald, Chief Executive and Jeremy Nicoll, Chief Financial Officer will hold a briefing of the result at 11:00am on that same day. Analysts and investors can attend the briefing using the following telephone conference call dial-in and passcode details: Passcode: 517891 New Zealand 0800 453 055 Australia 1 800 558 698 Australia Local +61 2 9007 3187 Other international codes: Hong Kong 800 966 806 Singapore 800 101 2785 USA 1855 8811 339 UK 0800 051 8245 - ENDS -

Notice of Interim Result Announcement

SPH Notice - Forsyth Barr Investment Management Ltd 31/10/2017 11:31:54 a.m.

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Section 277 and 278, Financial Markets Conduct Act 2013 To: NZX Limited and To: Arvida Group Limited Date of relevant event: 30 October 2017 Date of this disclosure: 31 October 2017 Date last disclosure made: 11 July 2017 Substantial product holder(s) giving disclosure: Full name(s): Forsyth Barr Investment Management Limited Summary of substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Forsyth Barr Investment Management Limited For this disclosure,— (a) total number held in class: 25,087,941 (b) total in class: 413,740,527 (c) total percentage held in class: 6.064% For last disclosure,— (a) total number held in class: 16,794,687 (b) total in class: 334,260,879 (c) total percentage held in class: 5.024% Details of transactions and events giving rise to relevant event (in attached) Details after relevant event Details for Forsyth Barr Investment Management Limited Nature of relevant interest(s): The relevant interest arises under various investment management agreements to which Forsyth Barr Investment Management Limited is a party in its capacity as a provider of discretionary investment management services (DIMS). The relevant interest arises only from the powers of investment contained in those agreements, including the power to control the exercise of the right to vote attached to the shares and to control the disposal of the shares. A relevant agreement document need not be attached under regulations 139 and 142 For that relevant interest,— (a) number held in class: 25,087,941 (b) percentage held in class: 6.064% (c) current registered holder(s): See above (d) registered holder(s) once transfers are registered: See above For a derivative relevant interest, also— (a) type of derivative: Not applicable (b) details of derivative: Not applicable (c) parties to the derivative: Not applicable (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable Additional Information Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin Contact details: Rakesh Soma T: +64 9 368 0035 E: compliance@forsythbarr.co.nz Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable Certification I, Rakesh Soma, 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.

SPH Notice - Forsyth Barr Investment Management Ltd

Arvida Completes Acquisitions 13/10/2017 1:55:16 p.m.

On 12 September 2017, Arvida Group Limited (Arvida) announced it had entered into agreements to purchase Mary Doyle Lifecare, Strathallan Lifecare and 50% of Village at the Park Lifecare for approximately $106m. Arvida this afternoon confirms that it has completed settlement of the acquisitions. - ENDS -

Arvida Completes Acquisitions

Allotment of New Shares to Vendors 13/10/2017 1:54:44 p.m.

For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 13 October 2017: (a) Class of Security: Ordinary Shares ISIN: NZARVE0001S5 (b) Number issued: 12,628,255 (c) Issue price: $1.267 per share (d) Payment terms: Payable in cash (e) Amount paid up: Fully paid (f) Principal terms: The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares (g) Percentage of Class of Securities issued: 3.1% of the total number of shares on issue immediately prior to the issue of the new shares (h) Reason for issue: Part-funding of the acquisition of Mary Doyle, Strathallan and Village at the Park (i) Specific authority for issue: Board resolutions dated 12 September 2017 (j) Terms of issue: All of the ordinary shares are subject to escrow restrictions until 13 October 2018 (k) Total number of Securities of Class in existence after issue: 413,740,527 (l) Treasury Stock: Not applicable (m) Date of issue: 13 October 2017 - ENDS -

Allotment Notice

D&O Ongoing Disclosures - Multiple 13/10/2017 11:17:50 a.m.

Please see attached Ongoing Disclosure Notices for: - Jeremy Mark Nicoll - Michael George Ambrose - Peter David Wilson - William Adam McDonald - Anthony Montgomery Beverley - Paul Morton Ridley-Smith - Susan Marie Paterson of Arvida Group Limited ("ARV").

Jeremy Mark Nicoll
Michael George Ambrose
Peter David Wilson
William Adam McDonald
Anthony Montgomery Beverley
Paul Morton Ridley-Smith
Susan Marie Paterson

Allotment of Rights Offer New Shares 13/10/2017 10:45:54 a.m.

For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 13 October 2017: (a) Class of Security: Ordinary Shares ISIN: NZARVE0001S5 (b) Number issued: 66,851,393 (c) Issue price: $1.15 per share (d) Payment terms: Cash, pursuant to the renounceable rights offer (e) Amount paid up: Fully paid (f) Principal terms: The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares (g) Percentage of Class of Securities issued: 20.0% of the total number of shares on issue immediately prior to the issue of the new shares (h) Reason for issue: 1 for 5 renounceable rights offer of shares described in the offer document dated 19 September 2017 (i) Specific authority for issue: Board resolutions dated 12 September 2017 (j) Terms of issue: The new shares will rank equally in all respects with existing shares (k) Total number of Securities of Class in existence after issue: 401,112,272 (l) Treasury Stock: Not applicable (m) Date of issue: 13 October 2017 - ENDS -

Allotment Notice

Arvida Group Limited (“ARV”) – Trading Halt Lifted 11/10/2017 2:11:38 p.m.

Memorandum To: Market Participants From: NZX Client and Data Services Date: Wednesday, 11 October 2017 Subject: Arvida Group Limited (“ARV”) – Trading Halt of Securities Lifted Message: NZX Regulation (“NZXR”) advises that, following the announcement released by Arvida Group Limited (“ARV”) at 2.06pm today, trading in ARV ordinary shares will resume at 2.21pm. Please contact Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS

Arvida Group Limited (“ARV”) – Trading Halt Lifted

Completion of Shortfall Bookbuild 11/10/2017 2:06:10 p.m.

Arvida Group Limited (‘Arvida’) is pleased to announce that it has successfully completed the shortfall bookbuild component of its 1 for 5 pro rata renounceable rights offer (the ‘Offer’). The clearing price under the shortfall bookbuild was $1.215 per share, a premium of $0.065 per share over the application price of $1.15 under the Offer. Therefore, eligible shareholders who elected not to take up their full entitlements will receive $0.065 for each new share not taken up by them. The shares taken up under the Offer are expected to be allotted and commence trading on 13 October 2017. The Offer raised a total of $77 million and was underwritten by Forsyth Barr Group Limited. - ENDS -

Completion of Shortfall Bookbuild

Arvida Group Limited (“ARV”) – Trading Halt of Securities 11/10/2017 8:48:13 a.m.

Memorandum To: Market Participants From: NZX Client and Data Services Date: Wednesday, 11 October 2017 Subject: Arvida Group Limited (“ARV”) – Trading Halt of Securities Message: NZX Regulation (“NZXR”) advises that, it has placed a trading halt on Arvida Group Limited (“ARV”) ordinary shares before market open today. The trading halt has been put in place pending the release of an announcement to be made by the company, containing the results of the shortfall bookbuild it is undertaking today. Please contact Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS

Arvida Group Limited (“ARV”) – Trading Halt of Securities

Completion of Rights Offer 10/10/2017 5:05:21 p.m.

Arvida Group Limited (NZX:ARV) is pleased to announce the close of its underwritten 1 for 5 pro rata renounceable rights offer announced on 12 September 2017, with strong shareholder support. Approximately 58 million new shares were taken up by shareholders, representing approximately 87% of the new shares available under the rights offer. This represents gross proceeds of $67 million. The new shares taken up under the rights offer are expected to be allotted on 13 October 2017. Shortfall bookbuild Approximately 9 million shares out of a total rights issue offer size of 67 million shares are available for the shortfall bookbuild component of the offer, to be conducted by Forsyth Barr Limited as Lead Manager. The bookbuild is opening 5:30pm on 10 October and is expected to close on 11 October. Shareholders who did not take up their full entitlements in the rights offer will receive a pro rata share of any positive difference between the shortfall bookbuild price and the application price for new shares of $1.15 per new share. There is no guarantee that any value will be received from the shortfall bookbuild by eligible shareholders who did not take up their full entitlement. - ENDS -

Completion of Rights Issue

Rights Offer Reminder Letter 29/09/2017 9:06:17 a.m.

The attached letter will be sent to Arvida investors today, reminding them of the closing date for rights trading and the available actions. - ENDS -

Letter to Investors

Rights Offer Cleansing Notice 19/09/2017 8:30:52 a.m.

19 September 2017 NZX Limited Level 1, NZX Centre 11 Cable Street Wellington NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT REGULATIONS 2014: RIGHTS OFFER & SHORTFALL BOOKBUILD Arvida Group Limited (Arvida) has announced that it will undertake a pro-rata 1 for 5 renounceable rights issue offer of fully paid ordinary shares of the same class as already quoted on the NZX Main Board of NZX Limited, underwritten by Forsyth Barr Group Limited. Any shares not taken up or attributable to selected investors will be offered through a shortfall bookbuild to be run by Forsyth Barr Group Limited on or about 13 October 2017, although the shortfall offer will not be underwritten. Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMC Regulations), and the Financial Markets Conduct Act 2013 (FMCA), Arvida states that: a. Arvida is making the offers in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and is giving this notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations. b. As at the date of this notice, Arvida is in compliance with the continuous disclosure obligations that apply to it in relation to ordinary shares in Arvida and there is no information that is “excluded information” as defined in clause 20(5) of Schedule 8 to the FMC Regulations. c. As at the date of the notice, Arvida is in compliance with its financial reporting obligations. The offers are not expected to have any material effect or consequence on the control of Arvida. Yours faithfully Jeremy Nicoll Chief Financial Officer Arvida Group Limited

Notice

$77 million Rights Offer - Offer Document 19/09/2017 8:30:51 a.m.

Arvida Group Limited (NZX:ARV) today provided to NZX the offer document prepared in connection with the rights offer announced on 12 September 2017. Under the rights offer, shareholders will be able to subscribe for 1 new share at a price of $1.15 per share for every 5 existing shares held at 5.00pm, 20 September 2017. Further details of the rights offer are contained in the Offer Document which is available on Arvida’s website www.arvida.co.nz/For-Investors/Newsroom. Applications can be made on line at www.arvidashareoffer.co.nz from 21 September 2017. Eligible shareholders will have until 7.00pm on 9 October 2017 to take up their rights and make payment. The rights offer has been fully underwritten. Proceeds will be applied to the acquisition of three high quality retirement and care facilities being Mary Doyle Lifecare, Strathallan Lifecare and 50% of Village at the Park Lifecare. Key Dates Rights trading commences - 19 September 2017 Record date to determine entitlement to rights to acquire new shares - 5.00pm, 20 September 2017 Distribution of Offer Document to shareholders - 21 September 2017 Rights trading ceases - 5.00pm, 3 October 2017 Rights offer closes - 7.00pm, 9 October 2017 Shortfall bookbuild closes - 11 October 2017 Allotment of new shares - 13 October 2017 - ENDS - For more information contact: Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Rights Offer Document

Quotation Notice - ARV Renounceable Rights (“ARVRB”) 12/09/2017 9:21:26 a.m.

QUOTATION NOTICE: NZX MAIN BOARD ARVIDA GROUP LIMITED - RENOUNCEABLE RIGHTS (“ARVRB”) Company: Arvida Group Limited (“ARVRB”) Tradeable Rights Code: ARVRB ISIN: NZARVE0003S1 Details of Offer: An underwritten pro rata renounceable rights offer of 1 New Share for every 5 Existing Shares held on the Record Date. Ratio (New : Existing): 1 : 5 Exercise Price: NZD $1.15 (per right exercised) Issue Price Payable: In full on application Ex Rights Date: Tuesday, 19 September 2017 Rights Commence Trading: Tuesday, 19 September 2017 Record Date: Wednesday, 20 September 2017 Letters of Entitlement sent to Shareholders: Thursday, 21 September 2017 Offer Opens: Tuesday, 19 September 2017 Offer Closes: 7:00pm Monday, 9 October 2017 Rights Quotation Ceases: Tuesday, 3 October 2017 Allotment of New Shares: Friday, 13 October 2017 Registrar: Computershare Investor Services Limited (“RMLT”) Settlement Status: NZCDC Settlement System Commencement of Trading of New Shares: Monday, 16 October 2017 Mark Peterson Chief Executive Officer NZX Limited 12 September 2017

ARVRB Quotation Notice

Arvida to acquire three villages for $106 million 12/09/2017 8:30:43 a.m.

Transaction highlights: • $106m acquisition of three quality villages, Mary Doyle Lifecare (Havelock North), Strathallan Lifecare (Timaru) and 50% of Village at the Park Lifecare (Wellington) • Complementary to Arvida’s existing portfolio with high needs-based component and meaningful brownfield development programme • Immediately accretive to underlying earnings with 8% lift in pro forma FY18 EPS • Purchase price at a 5% discount to CBRE 2017 valuation • Underwritten rights issue to raise $77m Arvida Group Limited (NZX:ARV) today announced it had entered into agreements to purchase Mary Doyle Lifecare, Strathallan Lifecare and 50% of Village at the Park Lifecare for approximately $106m(1). The acquisitions will increase the number of Arvida villages to 29 comprising a mix of 1,761 care beds and 1,752 retirement units. Based on Arvida’s estimates of earnings, the acquisitions will add $9m of underlying profit(2) on a pro forma FY18 basis(3) and be 8% accretive to underlying earnings per share. Further earnings are expected beyond FY18 from future developments at Village at the Park and Mary Doyle. “Meaningful brownfield development at Village at the Park and Mary Doyle includes 110 consented new units in the pipeline” said Bill McDonald, CEO of Arvida. “The new units will be progressively developed over the next four years and include developments nearing completion”. The villages are being acquired from Hurst Lifecare and associated parties which previously sold Rhodes on Cashmere to Arvida as part of the IPO. The vendors have elected to receive a significant portion of the purchase price in Arvida shares at market price. Interests related to Hurst Lifecare remain holders of shares issued at the IPO. Arvida Chairman Peter Wilson said “We are delighted to add another three quality villages to our portfolio. Hurst Lifecare’s desire to receive Arvida shares is a strong endorsement of our strategy from a long-standing industry participant.” The acquisitions and transaction costs are to be funded through a combination of new equity and debt: • $77m of new equity to be raised by way a 1-for-5 pro-rata renounceable rights issue (“Offer”) at an issue price of $1.15 per share. The Offer has been fully underwritten by Forsyth Barr Group Limited; • $16m of shares issued to vendors escrowed for twelve months; and • $16m of bank debt comprising $10m of debt acquired in conjunction with Village at the Park and $6m from existing facilities leaving headroom for further acquisitions and brownfield development activity. Completion of the acquisitions is anticipated mid-October on receipt of customary third-party approvals. The rights issue Offer Document is expected to be available on the NZX website under the ticker code “ARV” on 19 September 2017 and will be sent to shareholders by 21 September 2017. Applications will be accepted online at www.arvidashareoffer.co.nz from 21 September or through completion of an acceptance form. The Offer will close at 7pm, 9 October 2017. - ENDS - Footnotes: (1) Enterprise value of $106m includes $10m of bank debt at Village at the Park (50% of Village at the Park’s existing bank debt of $20m) and excludes estimated total transaction costs and working capital adjustments. (2) Underlying Profit is a non-GAAP (unaudited) measure and differs from NZ IFRS net profit after tax by replacing the unrealised fair value adjustment in property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one-off items. (3) Based on Arvida management expectations for the pro forma 12-month earnings contribution (i.e. assuming a full 12 months of ownership) from the acquired villages in FY18 that were prepared as part of Arvida’s due diligence, there being no material change to the run rate performance or growth of those businesses during the period, and excludes costs related to the transaction and equity raising. For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 26 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Views, Tauranga; Cascades, Hamilton; Lauriston Park, Cambridge; Glenbrae, Rotorua; Molly Ryan, New Plymouth; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Arvida to acquire three villages for $106 million
Investor Presentation
Appendix 7

Investor News 6/09/2017 11:04:26 a.m.

Arvida Group Limited (ARV) is pleased to release the September 2017 edition of its Investor News newsletter. END

Investor News

Arvida Announces First Quarter Dividend 18/08/2017 2:52:08 p.m.

Arvida Group Limited (ARV) has announced its first quarter cash dividend for the 2018 financial year of 1.15 cents per share. Imputation credits of 0.40 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.1815 cents per share to offset non-resident withholding tax. The record date for the dividend is 4 September 2017 and the payment date is 12 September 2017. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Appendix 7

Issue of Unlisted Performance Share Rights 13/07/2017 8:30:33 a.m.

Arvida Group Limited (“Arvida”) (NZX: ARV) advises for the purposes of NZX Main Board Listing Rule 7.12.1, that on 13 July 2017 it issued a total of 340,334 unlisted performance share rights to senior executives pursuant to the Arvida Group Limited Long Term Incentive Plan (the “LTI Plan”). a Class of security Unlisted performance share rights ISIN N/A b Number issued 340,334 c Nominal value N/A Issue Price No cash consideration is payable on the issue of performance share rights d Payment terms N/A e Amount paid up N/A f Principal terms The performance share rights are subject to a vesting period of 3 years from 1 April 2017 to 31 March 2020. Vesting is subject to the satisfaction of a total shareholder return hurdle, which is split 50% to an NZ50 performance ranking hurdle and 50% to a peer group ranking hurdle. Upon vesting, each performance share right can be converted into one ordinary share in Arvida on exercise for no cash payment. Further details of the LTI Plan are included within Arvida’s Annual Report. g Percentage of class of securities 100% of the unlisted performance share rights (other unlisted performance share rights have a different exercise price and expiry date) h Reason for issue Performance share rights issued to senior executives pursuant to the Arvida Group Limited LTI Plan i Authority for issue Board resolution dated 7 July 2017 j Terms of issue As above. The performance share rights cannot be transferred. k Number of securities in existence after issue 2,891,542 unlisted performance share rights with varying exercise prices and expiry dates 334,260,879 quoted ordinary shares l Treasury stock N/A m Date of issue 13 July 2017 (the effective date of the grant is 1 April 2017). Yours faithfully Arvida Group Limited Jeremy Nicoll Chief Financial Officer

Issue of Unlisted Performance Share Rights

SPH Notice - Forsyth Barr Investment Management Limited 11/07/2017 2:04:30 p.m.

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To: NZX Limited and To: Arvida Group Limited Date this disclosure made: 11 July 2017 Date on which substantial holding began: 10 July 2017 Substantial product holder(s) giving disclosure: Forsyth Barr Investment Management Limited Summary of substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Forsyth Barr Investment Management Limited For this disclosure,— (a) total number held in class: 16,794,687 (b) total in class: 334,260,879 (c) total percentage held in class: 5.024% Details of relevant interests Details for Forsyth Barr Investment Management Limited Nature of relevant interest(s): The relevant interest arises under various investment management agreements to which Forsyth Barr Investment Management Limited is a party in its capacity as a provider of discretionary investment management services (DIMS). The relevant interest arises only from the powers of investment contained in those agreements, including the power to control the exercise of the right to vote attached to the shares and to control the disposal of the shares. A relevant agreement document need not be attached under regulation 139. For that relevant interest,— (a) number held in class: 16,794,687 (b) percentage held in class: 5.024% (c) current registered holder(s): Forsyth Barr Custodians Limited (d) registered holder(s) once transfers are registered: Not applicable For a derivative relevant interest, also— (a) type of derivative: Not applicable (b) details of derivative: Not applicable (c) parties to the derivative: Not applicable (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not applicable Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure in the period 10 March 2017 to 10 July 2017: Please see table attached Additional information Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin Contact details: Rakesh Soma T: +64 (9) 368 0035 E: compliance@forsythbarr.co.nz Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable Certification I, Rakesh Soma, 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.

SPH Notice - Forsyth Barr Investment Management Limited

Annual Meeting Results Announcement 7/07/2017 12:16:44 p.m.

At Arvida Group Limited’s annual shareholder meeting, held in Christchurch today, shareholders were asked to vote, by way of poll, on five resolutions. All resolutions were all unanimously supported by the Board. The Board of Arvida Group Limited is pleased to announce that all of the resolutions were passed by shareholders. These included: • Michael Ambrose and Paul Ridley-Smith were re-elected as a Directors; • The allocation of Director fees was approved; • The shares issued pursuant to the acquisition of Copper Crest and Lauriston Park were ratified; and • The Board was authorised to fix the auditor’s fees and expenses. Detail of the total number of votes cast in person or by a proxy holder are included in the attachment. Total votes at the meeting were 139,790,801 or 41.8% of the 334,260,879 shares on issue. Jeremy Nicoll Chief Financial Officer and Company Secretary - ENDS - For more information contact: Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Annual Meeting Voting Results

Annual Meeting Address and Presentation 7/07/2017 8:30:10 a.m.

Arvida Group Limited is pleased to provide the Annual Meeting materials for today’s meeting. The text of the Chairman’s address is included below and the Annual Meeting presentation is attached. The results of the voting at the meeting will be published by the close of business today. Chairman’s Address: "Good Morning Ladies and Gentlemen, and thank you for joining us. My name is Peter Wilson and I am the Chairman of Arvida Group. I am pleased to confirm that we have a quorum in attendance and therefore declare the 2017 Annual Meeting of Arvida Group Limited open. Welcome to the annual meeting of shareholders for Arvida Group. Before we start the meeting I would like to make the following introductions. Joining me at the front table is our Board of Directors – Susan Paterson, Michael Ambrose, Anthony Beverley and Paul Ridley-Smith. Bill McDonald, our Chief Executive Officer and Jeremy Nicoll, our Chief Financial Officer are also at the front table. Our group auditors, Ernst & Young, are present and are represented by Brent Penrose. Our share registrar, Computershare, is represented by Rosalind Johnston. And Nick Letham from Chapman Tripp is also present. In the event of a siren sounding we are asked to vacate the room through the doors used for entry and assemble as directed by the Centre’s staff. The minutes of the 2016 Annual Meeting were approved by the Board on 26 September 2016. A copy of those minutes are available from the Registrar if required. The Notice of Meeting was provided within the time required under the Company’s constitution and I propose to note that the notice be taken as read. I will provide some introductory remarks after which I will hand over to Bill to provide you with an update on the strategy and performance of the group. Following Bill’s presentation, we look forward to answering any questions you may have on the Annual Report and Accounts. In terms of the formal business, we will cover each resolution in turn and invite questions specific to those items. It will then be time to vote on the resolutions. I will outline the process for discussion and voting on the resolutions at that point in the agenda. Following the resolutions, there will be an opportunity to raise any other questions relating to Arvida. Your Board is pleased to be able to report on a very good year for Arvida Group Limited. The objectives we had for the 2016/2017 year have been largely achieved with the outcomes meeting or exceeding our expectations. The challenge will be to maintain this momentum into the current and future years – but we consider we are up for that challenge. We have delivered a strong financial result with Net Profit after tax increasing to $52.5 million, underlying profit increasing from $15.8 million to $23.3 million and earnings per share lifting 27% to 7.7 cents per share. This has enabled us to distribute dividends totalling 4.45 cents per share for the year. What is also gratifying is the continued progress we have made in our operating objectives that are strongly focused on care of our residents. Importantly, the Board was very pleased to see the benefits of our acquisition strategy translating into strong accretion in earnings with villages acquired exceeding financial expectations. Bill McDonald will talk to you about the progress made in providing an innovative approach to quality of care for our residents, where we look to enhance their overall wellbeing in a more homely environment. Maintaining resident independence, expanding their areas of interest and maintaining links to their communities are being very well received, with survey results indicating a high level of resident satisfaction. We have also been able to deliver on our growth objective with a further 5 villages being acquired in the last year. The investment we have made in developing our integration skills has enabled a seamless expansion. Much of the credit goes to our employees who have readily embraced the training and skill development programmes required to meet the expectations of our residents and the regulatory standards for resident care. We were pleased with the strong response to the capital raising last year. While we have a disciplined approach to growth, we do expect that from time to time shareholders will be asked to support acquisitions with new capital. Our projected “brownfields” developments with some 900 units in the pipeline has been budgeted to be funded from existing bank funding arrangements. The recent conditional purchase of a “greenfield “development site in Richmond will also be funded through existing facilities. Looking ahead, the care of our ageing population will require additional resourcing, whether that is support in the home or through continuum of care offerings in retirement villages. It will be important, in our view, to strive for the right balance between real estate facility development and the provision of overall care and wellbeing of the residents. Arvida’s focus on care is a point of difference and one we will further invest in. Our front-line staff and our management teams are to be thanked for their efforts and their enthusiasm to lead change. Arvida has strong leadership and commitment. Their efforts and those of my Board colleagues are acknowledged. I will now ask Bill McDonald to address you after which Bill and I will be pleased to answer your questions." - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Annual Meeting Presentation

Report on Director Fees 4/07/2017 9:50:25 a.m.

In early compliance with the new NZX Corporate Governance Code, Arvida is releasing a summary of the Institute of Directors in NZ Inc. report on director fees levels. The report was requested by the Board to provide a formal benchmarking review and independent assessment of appropriate fees for the Board. The report is referred to in the Notice of Meeting issued for the Annual Meeting being held on Friday in Christchurch. A copy of the summary is also at the Investor Centre section of Arvida's website. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Director Fees Report Summary

Notice of Annual Meeting 19/06/2017 10:38:56 a.m.

Arvida Group Limited has today provided NZX with its Notice of Annual Meeting. The Annual Meeting will be held at The Piano, 156 Armagh Street, Christchurch on Friday, 7 July 2017, commencing at 10:30am. The Notice of Annual Meeting is being sent to shareholders today. It is also available on the Company's website at www.arvida.co.nz.

Notice of Meeting
Proxy Form
Cover Letter

Annual Report 2017 6/06/2017 3:03:43 p.m.

Arvida Group Limited is pleased to provide its Annual Report for the year ending 31 March 2017. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Annual Report 2017

Amended Results Presentation 24/05/2017 9:19:30 a.m.

Amended results presentation provided. - ENDS -

Amended Results Presentation

Arvida Reports Significant Lift in NPAT 24/05/2017 9:00:10 a.m.

• NPAT of $54 million, up $30 million on pcp • Underlying Profit of $23 million, up 47% on pcp • 27% increase in underlying EPS • Care occupancy maintained at 95% • Strong resale gains experienced across villages • $40 million revaluation gain on the back of momentum in unit pricing • Final dividend lifted to 1.15 cents per share, bringing total FY2017 net dividends to 4.45 cents per share up 5% on pcp Financial Performance Arvida Group Limited (NZX:ARV) today announced an unaudited result for the year ending 31 March 2017 significantly ahead of last year’s performance. The unaudited result included a full year contribution from the three Aria villages that were acquired in FY2016 as well as partial contributions from the five acquisitions completed during FY2017. Arvida reported total operating revenue of $101.4 million, 23% ahead of last year, of which $11.0 million was from villages acquired in FY2017. Unaudited Net Profit After Tax (IFRS) increased to $53.7 million. This included a $40.1m fair value movement from the revaluation of the retirement villages completed by CBRE Limited (CBRE) and an update of care facility land and building values. Underlying Profit, which removes non-cash and one-off items, increased to $23.1 million representing a 47% increase on the prior corresponding period. The five villages acquired during the year contributed $4.0 million of Underlying Profit. Commenting on the lift in financial performance Arvida’s Chief Executive Officer Bill McDonald said “we have experienced strong demand for our village and care facilities. Occupancy at our care facilities continues to track well above the national rate.” Occupancy at Arvida care facilities was maintained at 95%. Revenue derived from care facilities represented over 70% of total revenue. Mr McDonald said “On a per share basis Underlying Profit represented 7.7 cents. This was 27% above last year with the strong earnings accretion derived from our delivery to our stated strategy.” Net operating cash flow increased by $16 million to $40 million mainly due to the new villages acquired in the period. The equal pay care and support worker negotiations that started in October 2015 recently concluded. The settlement agreement covers all caregivers in New Zealand including Arvida employees. Arvida welcomed the recognition of the important contribution caregivers make to the wellbeing of our residents. We expect the settlement to have a neutral impact on operating earnings, with the increase in pay covered by increased funding from government and private sources. Total assets grew to $795 million, up $334 million since the start of the financial year. $214 million of investment property was acquired during the period, and this increased $14 million in value by the end of the year. The net market value of all properties from the latest CBRE valuations increased to $443 million. Embedded value, which is an indicator of future gains and cash flow generation, increased 74% to $117,000 per unit. External bank debt at 31 March 2017 was $73.5 million, and represented a conservative gearing ratio of 17%. The acquisition of Cascades in December increased bank debt by $21.2 million. A new facility with ANZ was arranged subsequent to balance date to allow sufficient headroom to fund development activity over the coming years. The $150 million facility is split evenly between 3 year and 5 year maturities. The new facility is to be executed in June 2017. Development Activity Brownfield development activity increased substantially over the year with multiple projects in progress nationally. The development programme outlined in the attached presentation delivers 262 new retirement units/beds over the next 2 years. Approximately 100 units are currently under construction with the first residents expected to start moving into units at the end of this financial year. The development at Rhodes on Cashmere is likely to be the first Arvida village to have a care suite product introduced. Future planned but unconsented brownfield development activity includes an additional 645 units/beds. Greenfield Acquisition On 23 May 2017, a conditional agreement was entered to acquire 8.2 hectares of bare land in Richmond, Nelson. The acquisition at $11 million is subject to completion of re-zoning and subdivision as it forms part of a larger residential subdivision to be developed. The site provides for a $100 million retirement village and integrated care development. Village Acquisitions The acquisition of five villages was completed in FY2017. The group now comprises 26 villages (8 more than when floated in 2014), 1,301 retirement units and 1,446 care beds. The acquired villages represented the best in New Zealand retirement and care facilities. Integration of these villages went well and according to plan. The care facilities at Cascades and Bethlehem Views have continued to operate at very high occupancy levels. Four of the villages acquired are at the epicentre of a demographic ‘Golden Triangle’ for retirement living and aged care, which encompasses the Auckland, Waikato and Bay of Plenty regions. These regions are experiencing high growth in aged care and retirement living. Peter Wilson Chair of Arvida said “we continue to see a range of acquisition prospects and will continue to actively consider opportunities that meet our criteria in terms of location, quality of assets and current management, potential for development and earnings accretion.” To partly fund the acquisition of three of these villages, $41.8 million was successfully raised by a way of an offer of new shares on a pro rata basis to all shareholders. $24.5 million of new shares were also issued to vendors of villages in the year, with vendors choosing to receive Avida scrip as part consideration. Operations Arvida continued to invest in village staff leadership and clinical governance to improve quality of care and engagement with residents. Over the period, clinical teams were restructured to improve accountability, reporting and clinical risk management, teamwork and staff satisfaction. Six villages now hold 4-year Ministry of Health certifications. Improvements against Ministry of Health criteria have led to the lengthening of certification periods. The new resident management system is now live and continues to be rolled out across the group. It is a significant change management project that will transform the way care provision is documented and organised on a day-to-day basis. Considerable work is in progress on key initiatives relating to wellbeing to promote and strengthen our resident centred approach to care. Core to this is the household model of care philosophy and creating an environment that feels like home for our residents. Initiatives will continue to take a needs-based focus recognising that we offer a continuum of care to residents. Dividend A final dividend of 1.15 cents per share has been declared in respect of the fourth quarter, to be paid on 16 June 2017 to shareholders on the register at 8 June 2017. The dividend is partially imputed at 0.40 cents per share. A supplementary dividend of 0.18 cents per share will be paid to non-resident shareholders. This makes a total net dividend paid of 4.45 cents per share for the year. FY2017 distributions represent 62% of Underlying Profit, which is in line with the Dividend Policy to pay out 60-80% of Underlying Profit. Outlook The significant increase in investment property value represented a combination of factors including the ageing demographic driving demand and strong house price inflation. It also reflected specific initiatives at some sites including pricing reviews, facility upgrades, new contract terms and the buy-back of unit titles. Strong underlying fundamentals continue to underpin the sector. Mr Wilson said “Arvida has established a strong operating model with a high component of predictable and resilient cash flows. It is well positioned to continue to perform strongly with high care occupancy levels as well as benefiting from refurbishment and development activity to deliver revenue and earnings momentum. We expect the increased level of dividend to be maintained.” Footnote: 1 - Underlying Profit is a non-GAAP (unaudited) financial measure and differs from NZ IFRS net profit after tax by replacing the unrealised fair value adjustment in property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one-off items. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 26 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Views, Tauranga; Cascades, Hamilton; Lauriston Park, Cambridge; Glenbrae, Rotorua; Molly Ryan, New Plymouth; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Annual Result Announcement
Results Presentation
Unaudited Financial Statements
Appendix 7
Appendix 1

Notice of Full Year Result Announcement 10/05/2017 2:13:24 p.m.

Arvida Group Limited’s full year results to 31 March 2017 will be released to the NZX on 24 May 2017. Bill McDonald, Chief Executive and Jeremy Nicoll, Chief Financial Officer will hold a briefing of the results at 11:00am on that same day. Analysts and investors can attend the briefing using the following telephone conference call dial-in and passcode details: Passcode: 795094 New Zealand 0800 453 055 Australia 1 800 558 698 Other international codes: Hong Kong 800 966 806 Singapore 800 101 2785 USA 1855 8811 339 UK 0800 051 8245 - ENDS -

Notice of Full Year Result Announcement

Annual Meeting and Director Nomination Closing Date 3/05/2017 9:17:32 a.m.

Arvida Group Limited (the “Company”) would like to advise the Annual Meeting of shareholders is scheduled to be held at 10:30am on Friday 7 July 2017 at The Piano, 156 Armagh Street, Christchurch. Michael Ambrose and Paul Ridley-Smith will retire in accordance with the Company’s constitution and the NZX Listing Rules, and will be eligible for re-election. Nominations for Directors are now being accepted. The closing date for nominations is 18 May 2017. Nominations: • can only be made by shareholders who are entitled to attend and vote at the Annual Meeting; • must be accompanied by the consent, in writing, of the person nominated; • should contain a brief CV of the nominee; and • must be received by Thursday 18 May 2017. Please send nominations to: Company Secretary Arvida Group Limited PO Box 90217 Victoria Street West Auckland 1142 - ENDS -

Annual Meeting

Investor News 22/03/2017 10:13:19 a.m.

Arvida Group Limited (ARV) is pleased to release the March 2017 edition of its Investor News newsletter. - END -

Investor News

Arvida Announces Third Quarter Dividend 27/02/2017 4:43:34 p.m.

Arvida Group Limited (ARV) has announced its third quarter cash dividend for the 2017 financial year of 1.10 cents per share. Imputation credits of 0.40 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.1815 cents per share to offset non-resident withholding tax. The record date for the dividend is 14 March 2017 and the payment date is 22 March 2017. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Appendix 7

Addition to Indices 12/12/2016 10:02:21 a.m.

The Board of Arvida Group Limited (‘Arvida’) are pleased to advise that Arvida will be added to the S&P/NZX 50 Index and the S&P/NZX MidCap Index, with an effective date of 16 December 2016 (after market close). Peter Wilson, Chairman, commented that “Being added to the index exactly two years after listing at a market capitalisation of $213 million is a great achievement for Arvida. Arvida has been focused on delivering to our stated listing strategy and has received strong support from the investment community over this period.” - ENDS -

Addition to Indices

Conference Presentation 29/11/2016 12:47:45 p.m.

Arvida Group Limited attaches a presentation that will be given to investors during a conference in Sydney on 30 November 2016. - ENDS -

Conference Presentation

Arvida On Track to Deliver Strong FY17 Result 23/11/2016 9:28:58 a.m.

- Underlying Profit1 of $9.6 million, up 31% on pcp. - Underlying earnings per share of 3.46 cents, up 18% on pcp. - Care occupancy tracks higher to 95%. - Momentum in unit sales with strong resale gains. - Outlook – the business is performing well and is on track to deliver strong FY17 result. Financial Performance Arvida Group Limited (NZX:ARV) today announced a Net Profit After Tax of $19.4 million for the six months to 30 September 2016. The results include a full period of operations from the Aria villages and a three-month contribution from Lansdowne Park. For the first six months to 30 September 2016 demand continued to strengthen for Arvida village and care facilities. Total revenue for the period increased to $46.9 million. Care facilities revenue represented over 72% of total revenue. The care facilities’ occupancy rate continued a positive trend and ended the period at over 95% across the Group. Total operating expenses were $37.2 million and Bill McDonald CEO said “we continue to invest in our people and systems with the view that enduring synergies will be delivered from associated efficiency and productivity improvements.” The investment properties delivered $14.3 million of gains in fair value from a desktop valuation review completed by CBRE at 30th September 2016. Underlying Profit of $9.6 million compares to $7.3 million for the prior corresponding six month period. Included within Underlying Profit were $3.9 million of gains, comprising $3.2 million from 87 resales of existing units and $0.7 million from sales of 12 new units. Good momentum was evident in unit sales, with new unit pricing delivering strong resale gains across village stock and contributing to the fair value increase. Underlying profit per share2 increased 18% on the prior corresponding period to 3.46 cents per share. Balance Sheet Total assets grew to $537.2 million, up $76.5 million since the start of the financial year. External bank debt was $32.4 million at 30 September 2016. A new $80.0 million term bank facility was put in place in October. The facility provides sufficient headroom to fund planned brownfield development and acquisition activity. Arvida remains conservatively geared at 10% on completion of the October acquisitions and capital raising. Acquisitions and Capital Raising On 1 July 2016, the acquisition of Lansdowne Park was settled. This village added 93 units and 50 aged care beds. The purchase was funded by $14.6 million of bank debt and $6.0 million of shares issued to vendors. Bare land adjacent to the village has since been acquired with a view to constructing up to 5 villas. On 20 September 2016, the purchase of Bethlehem Views and Copper Crest Village Estate in Tauranga and Lauriston Park in Cambridge was announced. The villages added, in aggregate, 247 units and 88 care beds plus significant capacity for future brownfield development. The $66.4 million purchase price was satisfied by the issue of $18.5 million shares to vendors, a pro rata renounceable rights offer that successfully raised $41.8 million, with a 90% take-up of entitlements amongst shareholders, and the balance from the new banking facility. Settlement occurred on 3 October 2016 for all three villages. Commenting on the recent acquisitions, Bill McDonald said “the villages are in prime growth regions where we didn’t have a presence. Market reaction to the acquisitions has been positive with the rights offer receiving strong support from institutions and existing shareholders.” Integration of Lansdowne Park was successfully accomplished in the period and progress with the integration of the three recent acquisitions is proceeding smoothly. Further Acquisition On 23 November 2016, Arvida entered into a conditional agreement, subject to regulatory approvals, to acquire 100% of the shares in Cascades Retirement Resort Limited for $21.2 million. Cascades is located in Hamilton and comprises a recently constructed aged care facility and integrated retirement village. It has 37 retirement units and 74 care beds as well as bare land for future development of over 40 units. The acquisition is immediately accretive to earnings and is to be funded from existing debt facilities with gearing increasing to 14% post completion. Settlement is expected to occur on 30 December 2016. Development Update 192 units and 33 care beds are consented and currently in varying stages of construction. Resource consent was obtained in August for the Rhodes on Cashmere development in Christchurch that includes 28 apartments and a combination of 33 care suites and care beds. Resource consent was also obtained for construction of 22 new villas on land acquired adjacent to Oakwoods in Nelson. Enabling works at both Rhodes on Cashmere and Oakwoods started in November. Construction of 24 new apartments at Aria Bay in Auckland is progressing well and construction of 78 new apartments at Park Lane in Christchurch is due to commence this side of Christmas. Operations The investment in our people and operations continues with the view that enduring synergies will be delivered from associated efficiency and productivity improvements. In recently completed Ministry of Health audits, four of Arvida’s care facilities were distinguished in achieving certification for a 4 year period. Standardised Arvida clinical policies and procedures are now in all villages. The rollout of a resident management system and introduction of a rostering and time attendance system continues across the Group. Dividends The Directors approved a dividend of 1.1 cents per share amounting to $3.7 million for the September quarter. The dividend is partially imputed at 0.4 cents per share. A supplementary dividend of 0.18 cents per share will be paid to non-resident shareholders. The record date for the dividend is 8 December 2016 and payment will be made on 16 December 2016. Outlook Commenting on Arvida’s financial performance, Chairman Peter Wilson said, “we were pleased to announce a result well ahead of last year’s performance. We expect the group to continue to perform well with this momentum continuing for the full year.” Footnotes 1 - Underlying Profit is a non-GAAP financial measure and differs from NZ IFRS net profit after tax by replacing the fair value adjustment in investment property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one-off costs. 2 - Calculated with reference to the weighted average number of shares on issue for the period. - ENDS - For more information, please contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Tel: +64 21 270 3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Tel: +64 21 403 665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 25 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Views, Tauranga; Lauriston Park, Cambridge; Glenbrae, Rotorua; Molly Ryan, New Plymouth; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Results Release
Interim Report
Appendix 1
Appendix 7
Results Presentation

Disclosure of Directors and Officers Relevant Interests 26/10/2016 9:50:27 a.m.

Arvida Group Limited has provided updated ongoing disclosure notices for its Directors and Officers. The disclosure notices have been provided for: - Peter Wilson - Michael Ambrose - Anthony Beverley - Susan Paterson - Paul Ridley-Smith - William McDonald - Jeremy Nicoll - ENDS -

Peter Wilson
Michael Ambrose
Anthony Beverley
Susan Paterson
Paul Ridley-Smith
William McDonald
Jeremy Nicoll

Allotment of Rights Offer New Shares 26/10/2016 9:40:21 a.m.

For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 26 October 2016: (a) Class of Security: Ordinary Shares ISIN: NZARVE0001S5 (b) Number issued: 39,804,381 (c) Issue price: $1.05 per share (d) Payment terms: Cash, pursuant to the renounceable rights offer (e) Amount paid up: Fully paid (f) Percentage of Class of Securities issued: 13.5% of the total number of shares on issue immediately prior to the issue of the new shares (g) Reason for issue: 1 for 7 renounceable rights offer of shares described in the offer document dated 27 September 2016 (h) Specific authority for issue: Board resolutions dated 19 September 2016 and 21 October 2016 (i) Terms of issue: The new shares will rank equally in all respects with existing shares (j) Total number of Securities of Class in existence after issue: 334,260,879 (k) Treasury Stock: Not applicable (l) Date of issue: 26 October 2016 - ENDS - For more information, please contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Tel: +64 21 270 3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Tel: +64 21 403 665 or email: jeremy.nicoll@arvida.co.nz

Allotment Notice

Completion of Shortfall Bookbuild 21/10/2016 9:50:58 a.m.

Arvida Group Limited (‘Arvida’) is pleased to announce that it has successfully completed the shortfall bookbuild component of its 1 for 7 pro rata renounceable rights offer (the ‘Offer’). The clearing price under the shortfall bookbuild was $1.13 per share, a premium of $0.08 per share over the application price of $1.05 under the Offer. Therefore, eligible shareholders who elected not to take up their full entitlements will receive $0.08 for each new share not taken up by them. The shares taken up under the Offer are expected to be allotted and commence trading on 26 October 2016. The Offer raised a total of $41.8 million and was underwritten by Forsyth Barr Group Limited. - ENDS -

Completion of Shortfall Bookbuild

Completion of Rights Offer 20/10/2016 5:30:13 p.m.

Arvida Group Limited (Arvida) is pleased to announce the successful completion of its underwritten 1 for 7 pro rata renounceable rights offer announced on 20 September 2016. Bill McDonald said “we were very pleased to receive such a high level of support from our shareholders, with 90% of entitlements being subscribed.” Approximately 35.7 million new shares were taken up by shareholders, representing approximately 90% of the new shares available under the rights offer. This represents gross proceeds of $37.4 million. The new shares taken up under the rights offer are expected to be allotted on 26 October 2016. Shortfall bookbuild Approximately 4.1 million shares out of a total rights issue offer size of 39.8 million shares are available for the shortfall bookbuild component of the offer, to be conducted by Forsyth Barr Limited as Lead Manager. The bookbuild is opening 5:30pm on 20 October and is expected to close on 21 October. Shareholders who did not take up their full entitlements in the rights offer will receive a pro rata share of any positive difference between the shortfall bookbuild price and the application price for new shares of $1.05 per new share. There is no guarantee that any value will be received from the shortfall bookbuild by eligible shareholders who did not take up their full entitlement. - ENDS -

Completion of Rights Issue

Rights Offer Reminder of Closing Date 11/10/2016 8:56:22 a.m.

RIGHTS OFFER – REMINDER OF CLOSING DATE AND AVAILABLE ACTIONS On 27 September 2016, Arvida Group Limited (‘Arvida’) issued an offer document detailing a 1-for-7 pro rata renounceable offer of new shares to existing shareholders (the ‘Offer’). The Offer is to partly fund the acquisition of 3 villages located in prime growth areas of Tauranga and Cambridge where Arvida is not currently represented. Arvida completed settlement of the acquisitions on 3 October 2016. Shareholders should have by now received a copy of the offer document detailing their right to subscribe for new shares under the Offer. Rights were allocated to shareholders on the basis of 1 new share for every 7 existing shares held on the record date. Rights are tradeable on the NZX Main Board (under the ticker code ‘ARVRA’), with each right entitling the holder to subscribe for one new share. Shareholders wishing to sell their rights on the NZX Main Board must do so before the rights cease trading at 5.00pm on 12 October 2016. Any shareholders wishing to accept the Offer and take up all or some of their entitlement should do so promptly, to ensure their application and payment is received by the Registrar, by 5.00pm on 18 October 2016 (the ‘Closing Date’). If you have already applied and paid for your application, you do not need to take any further action. Eligible shareholders who do not take up, renounce or sell their full entitlement and ineligible shareholders whose entitlements are not sold by a nominee on their behalf, may receive some value in respect of those new shares if a premium is achieved under the Bookbuild that is expected to take place on 21 October 2016. There is no guarantee that any premium will be achieved under the Bookbuild. Further details of the Offer are contained in the offer document which sets out important information about the Offer and is available at www.arvidashareoffer.co.nz. Before making an investment decision, shareholders should read the offer document in full. Shareholders are encouraged to take their own professional advice before they invest. If shareholders have any enquiries about the Offer they should be directed to an NZX Broker, or your lawyer, accountant or other professional advisor. If any shareholder has not received details of their rights or a copy of the offer document, or has misplaced their copy, they should contact the Registrar on (09) 488 8777 or arvida@computershare.co.nz. - ENDS - For more information, please contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: +64 21 270 3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Tel: +64 21 403 665 or email: jeremy.nicoll@arvida.co.nz

Reminder of Closing Date

Notification of Allotment of Securities 4/10/2016 8:59:42 a.m.

NOTIFICATION OF ALLOTMENT OF SECURITIES For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 3 October 2016. a Class of security Ordinary shares ISIN NZARVE0001S5 b Number issued 15,817,374 c Nominal value N/A Issue Price NZ$1.1696 per share d Payment terms Payable in cash e Amount paid up Fully paid ordinary shares f Principal terms The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares g Percentage of class of securities 5.3717% (post allotment) h Reason for issue Part-funding of the acquisition of Neil RV Cambridge and Copper Crest Village Estate i Authority for issue Board resolution dated 19 September 2016 j Terms of issue 5,129,959 of the ordinary shares are subject to escrow restrictions until 3 October 2017 k Number of securities in existence after issue 294,456,498 l Treasury stock N/A m Date of issue 3 October 2016 Yours faithfully, Arvida Group Limited Bill McDonald Chief Executive Officer

Allotment Notice

Arvida Completes Acquisitions 4/10/2016 8:53:34 a.m.

ARVIDA COMPLETES ACQUISITIONS On 20 September 2016, Arvida Group Limited (Arvida) announced it had entered into agreements to purchase Bethlehem Views and Copper Crest Village Estate in Tauranga and Lauriston Park in Cambridge. Arvida this morning confirmed that it had completed settlement of the acquisitions. All of the approvals required from third parties were completed on time and in line with expectations. - ENDS - For more information, please contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 25 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Views, Tauranga; Lauriston Park, Cambridge; Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Completion of Acquisitions

Rights Offer cleansing notice 27/09/2016 8:30:40 a.m.

NZX Limited Level 1, NZX Centre 11 Cable Street Wellington NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT REGULATIONS 2014: RIGHTS OFFER & SHORTFALL BOOKBUILD 1. Arvida Group Limited (Arvida) has announced that it will undertake a pro-rata 1 for 7 renounceable rights issue offer of fully paid ordinary shares of the same class as already quoted on the NZX Main Board of NZX Limited, underwritten by Forsyth Barr Group Limited. Any shares not taken up or attributable to selected investors will be offered through a shortfall bookbuild to be run by Forsyth Barr Group Limited on 21 October 2016, although the shortfall offer will not be underwritten. 2. Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMC Regulations), and the Financial Markets Conduct Act 2013 (FMCA), Arvida states that: a. Arvida is making the offers in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and is giving this notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations. b. As at the date of this notice, Arvida is in compliance with the continuous disclosure obligations that apply to it in relation to ordinary shares in Arvida and there is no information that is “excluded information” as defined in clause 20(5) of Schedule 8 to the FMC Regulations. c. As at the date of the notice, Arvida is in compliance with its financial reporting obligations. 3. The offers are not expected to have any material effect or consequence on the control of Arvida. Yours faithfully Bill McDonald Chief Executive Officer Arvida Group Limited

Cleansing Notice

Rights Offer Document 27/09/2016 8:30:37 a.m.

Arvida Group Limited has provided NZX with the attached Rights Offer Document and the Acceptance Form relating to its 1-for-7 pro-rata renounceable rights offer. This is expected to be sent to shareholders on 29 September 2016.

Offer Document
Acceptance Form

Quotation Notice - Arvida Renounceable Rights ("ARVRA") 21/09/2016 1:44:17 p.m.

QUOTATION NOTICE: NZX MAIN BOARD ARVIDA GROUP LTD - RENOUNCEABLE RIGHTS (“ARVRA”) Company: Arvida Group Limited Tradeable Rights Code: ARVRA ISIN: NZARVE0002S3 Details of Offer: A pro-rata renounceable rights issue of 1 new share for every 7 existing share held on the Record Date Ratio (New : Existing): 1:7 Exercise Price: NZ$1.05 (per right exercised) Issue Price Payable: In full on application Ex Rights Date: Tuesday, 27 September 2016 Rights Commence Trading: Tuesday, 27 September 2016 Record Date: Wednesday, 28 September 2016 Letters of Entitlement sent to Shareholders: Thursday, 29 September 2016 Offer Opens: Tuesday, 27 September 2016 Offer Closes: Tuesday, 18 October 2016 Rights Quotation Ceases: Wednesday, 12 October 2016 Allotment of New Shares: Wednesday, 26 October 2016 Registrar: Computershare Investor Services Limited (“RMLT”) Settlement Status: NZCDC Settlement System Commencement of Trading of New Shares: Wednesday, 26 October 2016 Tim Bennett Chief Executive Officer NZX Limited 21 September 2016

ARVRA Quotation Notice

Arvida - Rights Issue 20/09/2016 8:34:54 a.m.

Please find attached Appendix 7 in relation to the Rights Issue. End

Appendix 7

Arvida to acquire three Villages for $66 million 20/09/2016 8:30:04 a.m.

ARVIDA TO ACQUIRE THREE VILLAGES FOR $66 MILLION Transaction highlights: • Acquisition of three high quality, complementary villages located in prime growth areas of Tauranga and Cambridge where Arvida is not currently represented • Meaningful brownfield development opportunities and ability to introduce care suite offering into all villages • Immediately accretive to underlying earnings with 6% lift in Proforma FY17 EPS • The acquisition will be partly funded by an underwritten $42 million rights issue at $1.05 Arvida Group Limited (NZX:ARV) today announced it had entered into agreements to purchase Bethlehem Views and Copper Crest Village Estate in Tauranga and Lauriston Park in Cambridge for approximately $66.4 million. Bethlehem Views is a dedicated care facility that includes 17 rest home beds, 20 dementia beds and 51 hospital beds. Overall occupancy at Bethlehem Views has been over 98% for the last 12 months. Copper Crest and Lauriston Park are retirement facilities with a total of 247 independent villas plus development land for over 200 additional care beds and retirement units. Both villages currently have a waiting list for villas. The villages being acquired have a combined CBRE valuation of $68.4 million and increase the number of Arvida villages to 25, comprising a mix of 1,384 care beds and 1,248 retirement units. “Lauriston Park and Copper Crest offer meaningful brownfield development opportunities including the ability to develop our care offering at these villages over time” said Bill McDonald, CEO of Arvida. “We are excited by the potential in terms of all three properties being ideally suited for roll-out of our care suite strategy.” Based on Arvida’s estimates of earnings for each of the villages, an additional $4.4 million of underlying profit is anticipated from the acquisitions on a pro forma FY17 basis. The acquisitions will be immediately accretive to earnings with underlying earnings per share accretion of approximately 6% on a pro forma FY17 basis relative to Broker consensus estimates. Further earnings growth is expected beyond FY17 from care suite conversions at Bethlehem Views, continued development of villas at Copper Crest and the future development of new care facilities at Copper Crest and Lauriston Park which will include the introduction of care suites. Arvida Chairman Peter Wilson said “these acquisitions are on strategy and provide us with a presence in two key New Zealand regions experiencing high growth in aged care and retirement living. The villages are all of a very high quality and represent the best in New Zealand retirement and care facilities. Arvida’s ability to identify and secure high quality villages on value accretive terms with demonstrable growth opportunities is further evidenced through these acquisitions. We continue to see a range of acquisition prospects and will continue to actively consider opportunities that meet our strict criteria in terms of location, quality of assets and current management, potential for development and earnings accretion”. The acquisition is to be funded through a combination of new equity and debt: • $41.8 million of new equity is to be raised by way a 1-for-7 pro-rata renounceable rights issue (the “Offer”) at an issue price of $1.05 per share. The Offer has been fully underwritten by Forsyth Barr Group Limited; • $18.5 million of shares issued to vendors at their request; and • $7.6 million of bank debt from an increased banking facility which provides headroom for further acquisitions and brownfield development activity. Completion of the acquisitions is anticipated in early October and is conditional upon customary third party approvals. The rights issue Offer Document is expected to be available on the NZX website under the ticker code “ARV” on 27 September and will be sent to shareholders shortly after that. Applications will be accepted online, or through completion of an acceptance form. The Offer closes on 12 October. - ENDS - For more information, please contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz

ARVIDA TO ACQUIRE THREE VILLAGES FOR $66 MILLION
Investor Presentation

Investor News 14/09/2016 8:30:08 a.m.

Arvida Group Limited (ARV) is pleased to release the September 2016 edition of its Investor News newsletter. END

Investor News

Issue of Unlisted Performance Share Rights 6/09/2016 8:30:04 a.m.

ISSUE OF UNLISTED PERFORMANCE SHARE RIGHTS Arvida Group Limited (“Arvida”) (NZX: ARV) advises for the purposes of NZX Main Board Listing Rule 7.12.1, that on 5 September 2016 it issued a total of 1,063,610 unlisted performance share rights to senior executives pursuant to the Arvida Group Limited Long Term Incentive Plan (the LTI Plan). a Class of security; Unlisted performance share rights ISIN N/A b Number issued; 1,063,610 c Nominal value; N/A Issue Price; No cash consideration is payable on the issue of performance share rights d Payment terms; N/A e Amount paid up; N/A f Principal terms; The performance share rights are subject to a vesting period of 3 to 6 years (the vesting periods are: (i) as to 76,656 performance share rights, to 31 March 2018 (ii) as to 566,926 performance share rights, to 31 March 2019 (iii) as to 210,014 performance share rights, to 31 March 2020 (iv) as to 210,014 performance share rights, to 31 March 2021. Vesting is subject to the satisfaction of a total shareholder return hurdle. Upon vesting, each performance share right can be converted into one ordinary share in Arvida on exercise for no cash payment. The Arvida Board and senior executives agreed to amend the principal terms for the previously issued performance share rights so that vesting is only subject to the satisfaction of a total shareholder return hurdle. g Percentage of class of securities; 100% of the unlisted performance share rights h Reason for issue; Performance share rights issued to senior executives pursuant to the Arvida Group Limited LTI Plan i Authority for issue; Board resolution dated 5 September 2016   j Terms of issue As above. The performance share rights cannot be transferred. k Number of securities in existence after issue; 2,551,208 unlisted performance share rights 278,639,124 quoted ordinary shares l Treasury stock; N/A m Date of issue; 5 September 2016 (the effective date of the grants are 1 April 2015 and 1 April 2016). Yours faithfully Arvida Group Limited

Performance Share Rights Issue

Annual Meeting Results Announcement 19/08/2016 4:51:04 p.m.

The Board of Arvida Group Limited is pleased to announce the poll results of the five resolutions put to the Company’s Annual Meeting today: - Peter Wilson and Anthony Beverley were re-elected as Directors. - The increase to the Directors fee pool was approved. - The shares issued in relation to the Lansdowne acquisition were ratified. - The Board was authorised to fix the auditor’s fees and expenses. A results summary is included in the attached announcement. - ENDS -

Annual Meeting Voting Results

Annual Meeting Address and Presentation 19/08/2016 10:14:23 a.m.

Arvida Group Limited has provided NZX with a copy of the Chairman's address, CEO address and annual meeting presentation for the 2016 Annual Meeting being held in Auckland today. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Annual Meeting Presentation
Annual Meeting Chairman and CEO Address

Arvida Announces First Quarter Dividend 19/08/2016 10:07:15 a.m.

Arvida Group Limited (ARV) has announced its first quarter cash dividend for the 2017 financial year of 1.10 cents per share. Imputation credits of 0.40 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.1815 cents per share to offset non-resident withholding tax. The record date for the dividend is 5 September 2016 and the payment date is 13 September 2016. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Appendix 7

Arvida issues Notice of Annual Meeting 4/08/2016 8:30:00 a.m.

Arvida Group Limited has today provided NZX with its Notice of Annual Meeting. The Annual Meeting will be held at The Stamford Plaza, 22-26 Albert Street, Auckland on Friday, 19 August 2016, commencing at 10:30am. The Notice of Annual Meeting is being sent to shareholders today. It is also available on the Company's website at www.arvida.co.nz.

Notice of Annual Meeting
Proxy Form

SSH Notice - Artemis Investment Management LLP 2/08/2016 8:30:47 a.m.

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Relevant event being disclosed: Movement of 1% or more in the substantial holding Date of relevant event: 31/05/16 Date this disclosure made: 01/08/16 Date last disclosure made: 01/07/15 Substantial product holder(s) giving disclosure Full name(s): Artemis Investment Management LLP Summary of substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Artemis Investment Management LLP For this disclosure,— (a) total number held in class: 19,731,327 (b) total in class: 273,245,000 (c) total percentage held in class: 7.22% For last disclosure,— (a) total number held in class: 15,891,327 (b) total in class: 260,564,919 (c) total percentage held in class: 6.10% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: 800,000 shares vs NZD 944,000 purchased with trade date 31/05/16 and settlement date 02/06/16 Details after relevant event Details for Artemis Investment Management LLP Nature of relevant interest(s): Artemis Investment Management LLP is the investment adviser and has the power to acquire or dispose of, or to control the acquisition or disposition of, the security pursuant to an investment management contract or as the responsible entity of a managed investment scheme. For that relevant interest,— (a) number held in class: 19,731,327 (b) percentage held in class: 7.22% (c) current registered holder(s): JP Morgan, Wellington – General Account (d) registered holder(s) once transfers are registered: Unknown For a derivative relevant interest, also— (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Additional information Address(es) of substantial product holder(s): Artemis Investment Management LLP, Cassini House, 57 St James's Street, London, SW1A 1LD Contact details: Richard Smithson, Tel: 0207 399 6063 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None Certification I, Jon Parkhurst (Head of Investment Operations), 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.

SSH Notice - Artemis Investment Management LLP

SSH Notice - Artemis Investment Management LLP 2/08/2016 8:30:43 a.m.

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 01/08/16 Date last disclosure made: 01/08/16 Date on which substantial holding ceased: 29/07/16 Substantial product holder(s) giving disclosure Full name(s): Artemis Investment Management LLP Summary of previous substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Artemis Investment Management LLP For last disclosure,— (a) total number held in class: 15,831,327 (b) total in class: 278,639,000 (c) total percentage held in class: 5.68% For current holding after ceasing to have substantial holding,— (a) total number held in class: 5,381,327 (b) total in class: 278,639,000 (c) total percentage held in class: 1.93% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: 10,450,000 shares vs NZD 12,017,500 sold with trade date 29/07/16 and settlement date 02/08/16 Additional information Address(es) of substantial product holder(s): Artemis Investment Management LLP, Cassini House, 57 St James's Street, London, SW1A 1LD Contact details: Richard Smithson, Tel: 0207 399 6063 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None Certification I, Jon Parkhurst (Head of Investment Operations), 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.

SSH Notice - Artemis Investment Management LLP

SSH Notice - Artemis Investment Management LLP 2/08/2016 8:30:34 a.m.

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Relevant event being disclosed: Movement of 1% or more in the substantial holding Date of relevant event: 28/07/16 Date this disclosure made: 01/08/16 Date last disclosure made: 01/08/16 Substantial product holder(s) giving disclosure Full name(s): Artemis Investment Management LLP Summary of substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Artemis Investment Management LLP For this disclosure,— (a) total number held in class: 15,831,327 (b) total in class: 278,639,000 (c) total percentage held in class: 5.68% For last disclosure,— (a) total number held in class: 19,731,327 (b) total in class: 273,245,000 (c) total percentage held in class: 7.22% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: 1,500,000 shares vs NZD 1,770,000 sold with trade date 28/07/16 and settlement date 01/08/16 Details after relevant event Details for Artemis Investment Management LLP Nature of relevant interest(s): Artemis Investment Management LLP is the investment adviser and has the power to acquire or dispose of, or to control the acquisition or disposition of, the security pursuant to an investment management contract or as the responsible entity of a managed investment scheme. For that relevant interest,— (a) number held in class: 15,831,327 (b) percentage held in class: 5.68% (c) current registered holder(s): JP Morgan, Wellington – General Account (d) registered holder(s) once transfers are registered: Unknown For a derivative relevant interest, also— (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Additional information Address(es) of substantial product holder(s): Artemis Investment Management LLP, Cassini House, 57 St James's Street, London, SW1A 1LD Contact details: Richard Smithson, Tel: 0207 399 6063 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None Certification I, Jon Parkhurst (Head of Investment Operations), 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.

SSH Notice - Artemis Investment Management LLP

Disclosure of Director’s Relevant Interests 6/07/2016 10:39:06 a.m.

Arvida Group Limited has provided an updated disclosure of director's relevant interests for: - Peter Wilson - ENDS -

Peter Wilson

Settlement of Lansdowne Park Acquisition 30/06/2016 5:18:00 p.m.

Arvida Group Limited is pleased to announce the completion of the settlement process for the acquisition of the Lansdowne Park retirement village (the “Village”) for $20.7 million. The Village comprises of premium retirement village and aged care facilities situated in Lansdowne, Masterton. The Village has 93 retirement village units and 50 aged care beds, with over 170 residents. The purchase was funded by drawing $14.7 million of debt and issuing $6.0 million of new shares to the vendors. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Settlement of Lansdowne Park Acquisition

Notification of Allotment of Securities 30/06/2016 5:15:00 p.m.

For the purposes of NZX Main Board Listing Rule 7.12.1, Arvida Group Limited (NZX: ARV) advises the following securities have been issued and allotted on 30 June 2016. a) Class of security: Ordinary shares ISIN: NZARVE0001S5 b) Number issued: 5,393,724 c) Nominal value: N/A Issue Price: NZ$1.11 per share d) Payment terms: Payable in cash e) Amount paid up: Fully paid ordinary shares f) Principal terms: The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares g) Percentage of class of securities: 1.936% (post allotment) h) Reason for issue: Part-funding of the acquisition of Lansdowne Developments Limited and Lansdowne Park Village Limited i) Authority for issue: Board resolution dated 23 May 2016 j) Terms of issue: Ordinary shares k) Number of securities in existence after issue: 278,639,124 l) Treasury stock: N/A m) Date of issue: 30 June 2016 Yours faithfully Arvida Group Limited Jeremy Nicoll Chief Financial Officer

Notification of Allotment of Securities

Amended Annual Meeting and Director Nomination Closing Date 16/06/2016 12:43:00 p.m.

Arvida Group Limited (the “Company”) would like to advise that the Annual Meeting of shareholders is scheduled to be held at 10:30am on Friday 19 August 2016 at the Stamford Plaza, 22-26 Albert St, Auckland. Peter Wilson and Anthony Beverley will retire in accordance with the Company’s constitution and the NZX Listing Rules, and will be eligible for re-election. Nominations for Directors are now being accepted. The closing date for nominations is 1 July 2016. Nominations: • can only be made by shareholders who are entitled to attend and vote at the Annual Meeting; • must be accompanied by the consent, in writing, of the person nominated; • should contain a brief CV of the nominee; and • must be received by Friday 1 July 2016. Please send nominations to: Company Secretary Arvida Group Limited PO Box 90217 Victoria Street West Auckland 1142 - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Amended Annual Meeting and Director Nomination Closing Date

Annual Report 2016 7/06/2016 11:40:16 a.m.

Arvida Group Limited is pleased to provide its Annual Report for the year ending 31 March 2016. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Annual Report 2016

Disclosure of Director’s Relevant Interests 1/06/2016 9:00:17 a.m.

Arvida Group Limited has provided updated disclosures of director's relevant interests for: - Peter Wilson - Michael Ambrose - Anthony Beverley - ENDS -

Michael Ambrose
Anthony Beverley
Peter Wilson

MEMO: Arvida Group Limited (“ARV”) 31/05/2016 11:38:58 a.m.

Memorandum To: Market Participants From: NZX Client and Data Services Date: Tuesday, 31 May 2016 Subject: Arvida Group Limited (“ARV”) Message: Further to the announcement made by Arvida Group Limited (“ARV”) on Tuesday, 31 May 2016, NZX Regulation (“NZXR”) advises that it has approved the removal of the Non Standard (NS) designation for ARV. The removal of the Non Standard (NS) designation is effective immediately and will update on nzx.com overnight. Please contact NZX Client and Data Services on +64 4 496 2853 or cds@nzx.com with any queries. ENDS

ARV - NS Removal

Disclosure of ceasing to have substantial holding 31/05/2016 8:30:00 a.m.

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 31 May 2016 Date last disclosure made: 3 July 2015 Date on which substantial holding ceased: 30 May 2016 Substantial product holder(s) giving disclosure Full name(s): Arvida Group Limited Summary of previous substantial holding Class of quoted voting products: Ordinary shares (NZX Code: ARV) Summary for Arvida Group Limited For last disclosure,— (a) total number held in class: 147,368,074 (b) total in class: 267,292,887 (c) total percentage held in class: 55.134% For current holding after ceasing to have substantial holding,— (a) total number held in class: 0 (b) total in class: 273,245,400 (c) total percentage held in class: 0% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: The shareholders of Arvida Group Limited listed in the attached Schedule were subject to the restrictions set out in the Fourth Schedule of Arvida Group Limited’s constitution pursuant to which those shareholders were restricted in their ability to dispose of certain Arvida Group Limited shares from the date those shares were first quoted on the NZX Main Board until 31 May 2016. Additional information Address(es) of substantial product holder(s): Level 1, 39 Market Place, Auckland 1010, New Zealand Contact details: Jeremy Mark Nicoll, 09 9721183, jeremy.nicoll@arvida.co.nz. Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: [N/A] Certification I, Jeremy Mark Nicoll, 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.

Disclosure notice

End of Escrow 31/05/2016 8:30:00 a.m.

Arvida Group Limited (“Arvida”) advises that its escrow period has now ended. The 147.3 million shares that were previously held in escrow, since the Initial Public Offering or the Aria transaction, are now able to be traded. As Arvida no longer holds an interest in the escrowed shares, a cessation to be a substantial shareholder notice has been filed. Arvida has applied to NZX to remove the Non Standard (NS) designation to its listing put in place at the time of NZX’s listing due to the (now expired) escrow restrictions. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

End of Escrow

Arvida Reports Unaudited Profit of $24 million 25/05/2016 10:31:00 a.m.

• Net Profit After Tax of $24.0 million delivered ahead of IPO forecast of $10.6 million • Underlying Profit1 of $15.8 million up 19% on IPO forecast • $19.1 million fair value gain on investment property • Development pipeline within the existing villages progressed, with completion of all planned developments • Sales momentum built and high occupancy in aged care facilities maintained • Conditional acquisition of Lansdowne Park in Masterton • Final dividend lifted to 1.10 cents per share, bringing total net dividends for the year at 4.25 cents per share, above IPO forecast Financial Performance Arvida Group Limited (NZX:ARV) today announced a strong result for the year ending 31 March 2016, that was ahead of profit forecasts set out in the IPO prospectus dated 17 November 2014. The unaudited result includes an approximate nine-month contribution from the acquisition of Aria Bay, Aria Gardens and Aria Park (the “Aria Villages”) that was completed on 3 July 2015. Commenting on Arvida’s financial performance, Chairman Peter Wilson said, “Our first full financial year as a publicly listed company has seen Arvida make substantial progress against the growth initiatives outlined at the time of IPO and deliver strong financial results against IPO forecasts.” Arvida reported total operating revenue of $82.5 million, 19% ahead of IPO forecast, and Net Profit after Tax for the year of $24.0 million. The care facilities performed strongly with a high occupancy rate of 94% maintained across the Group and care fee income derived of $62.1 million. Arvida reported a $19.1 million increase in the fair value of investment properties, as a result of the valuations completed by CBRE Limited (CBRE). The significant increase in value represented a number of factors including the ageing demographic driving demand, strong house price inflation and specific initiatives at some sites including pricing reviews, facility upgrades, new contract terms and the buy-back of unit titles. Arvida’s Underlying Profit1 of $15.8 million compares to an IPO forecast of $13.3 million, reflecting strong performance at both the original villages and the acquired Aria Villages. Gains on sales of $6.5 million were generated, comprising $5.0 million from resales of existing units and $1.5 million from sales of new units. 20 new units were sold generating $9.3 million of proceeds. The sell down of Aria Bay and Park Lane has now largely concluded (with only 2 units currently not under contract). The construction of the 11 new serviced apartments at Glenbrae have been recently completed. Total assets grew to $461 million, up $108 million since the start of the financial year. The Aria Villages represent $92 million of total assets. The net market value of all properties from the latest CBRE valuations was $295 million. The Aria Villages increased $3.3 million since acquisition. External bank debt was $13.3 million representing gearing of 5% at 31 March 2016. Dividend A final cash dividend of 1.10 cents per share has been declared for the March quarter, amounting to $3.0 million. Total net dividends for the year of 4.25 cents per share reflects the Group performance being ahead of IPO forecast. The dividend is partially imputed at 0.40 cents per share. A supplementary dividend of 0.18 cents per share will be paid to non-resident shareholders. The dividend record date is 9 June 2016 and payment will be made on 17 June 2016. Escrowed Shares As part of the IPO and Aria transaction, 147.4 million shares are subject to escrow provisions that restricted sale or transfer prior to 31 May 2016. After canvassing escrowed shareholders, a response from shareholders representing 142.0 million of the escrowed shares were received. From these indicative responses, only 3% of their escrowed shares will be made available for sale. The Board has been encouraged by the on-going support shown from foundation shareholders. Forsyth Barr Limited, who has been appointed to assist in the co-ordination and sale of any escrowed shares at the end of the escrow period, has received indications of interest from a range of institutional and retail investors in relation to the purchase of these escrowed shares. Insurance Settlement With all historical insurance claims settled, and expected to fully cover remediation costs, Arvida now has the ability to complete remediation works on its Christchurch properties. In August 2015, remediation works on 109 units commenced at St Allisa. These are expected to be completed by December 2016. Remediation work has also recently commenced at St Albans on the hospital wing and a number of serviced apartments impacted by the earthquakes. Integration Complete CEO Bill McDonald highlighted progress, commenting “Over the last twelve months we have completed our integration plan across key areas of the business. The initiatives and investments made are proving to effectively deliver a consistently high level of service across the organisation.” Cost saving benefits realised from integration and synergy strategies have allowed increased reinvestment in additional people resource and systems to ensure a high level of care, effective integration and a platform for future growth. Arvida will continue to focus on enhancing the quality of its care and wellbeing offering now that the integration phase is complete. This will include continuing to make further operational and financial improvements across the Group. Strategic initiatives for 2016-2017 include: • Investing in improving the skills and expertise of village management and staff to enhance the care and services provided to residents; and • Introducing time and attendance and payroll systems, as well as further developments to our IT systems to underpin our continued growth.   Development Activities Arvida met brownfield development targets on existing properties. In total, 32 new units/beds were completed at Glenbrae, Park Lane and Aria Gardens. In addition, 149 units were refurbished for resale and a total of 79 care beds were refurbished at Aria Gardens, St Allisa and Glenbrae. Arvida has an active brownfield development programme with potential to enhance earnings from existing facilities and provide attractive returns on capital invested. Returns from developments continue to grow as they mature and reach normal levels of activity. Development capabilities have been deepened in order to position the company to execute the opportunities ahead. Brownfield development activity in progress includes 150 retirement units and 37 care beds in the planning and consenting phase. Auckland City Council has recently approved the resource consent for the construction of 24 luxury apartments at Aria Bay. The village is very well located, with an excellent reputation in its local community and these new apartments will provide local residents with a quality retirement offering. In addition, there are an estimated additional 100+ beds/units within existing villages that are yet to be assessed. Acquisitions During the year, Arvida purchased the Aria Villages for $63.8 million. The Aria Villages comprise three high quality retirement villages and aged care facilities situated in premium locations in the key Auckland market. This acquisition was a first step in delivering to Arvida’s stated growth strategy. Underlying earnings at the Aria Villages exceeded budget expectations. On 25 May 2016, Arvida entered into a conditional agreement, subject to regulatory approvals, to acquire 100% of the shares in Lansdowne Park for $20.6 million. Lansdowne Park is located in Masterton and comprises of a recently constructed aged care facility and integrated retirement village. It has 93 retirement units and 50 care beds situated on 5.05 hectares of mature grounds and provides facilities to over 170 residents. The acquisition is immediately accretive to earnings. It is to be funded from existing debt facilities, with the vendors taking $6 million of shares in Arvida as part consideration. Settlement is expected to occur on 30 June 2016. Outlook Arvida Chairman Peter Wilson said “The Board sees the business continuing to perform strongly. Refurbishment and development activity will deliver continued momentum in our revenue and earnings. We expect the increased level of dividend to be maintained.” Beyond this, Mr Wilson said “We have established a business capable of scaling up as the Group grows. Well located and operated villages, complemented by potential greenfield opportunities that enhance our national coverage and underpin future growth options will be of interest to us.” Footnote: 1 Underlying Profit is a non-GAAP measure and differs from NZ IFRS net profit after tax by replacing the fair value adjustment in investment property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one-off items. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Results Release
Appendix 1
Appendix 7
Results Presentation
Financial Statements

Preliminary Revaluation Results 10/05/2016 11:33:46 a.m.

Arvida Group Limited (“Arvida”) advises that it has received revaluation reports for its portfolio as at 31 March 2016. The revaluations, which are still subject to audit, were determined by its independent valuer, CBRE Limited. The revaluation of the retirement village investment properties has resulted in a fair value increase of approximately $19 million for the year ended 31 March 2016. This represents a 7% increase in the value of Arvida’s investment properties, after allowance for the acquisition of the Aria villages. The revaluation reflects the change in net operator’s interest (as determined by CBRE), changes in resident liabilities, changes in accrued income/revenue in advance and earthquake remediation allowances. Chief Executive, Bill McDonald, said: “The significant increase in value is pleasing and represents a number of factors including the ageing demographic driving demand, strong house price inflation and specific initiatives at some sites including pricing reviews, facility upgrades, new contract terms and the buy-back of unit titles.” The revaluation of Arvida’s care facility land and buildings is not expected to result in a material change in value. The valuations will be confirmed in the Group’s audited financial results for the year to 31 March 2016, which will be announced on 25 May 2016. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Preliminary Revaluation Results

Facility Investor Escrow Update 28/04/2016 9:24:42 a.m.

As part of the IPO of Arvida Group Limited (“Arvida”) in December 2014 and the Aria transaction in June 2015, the vendors of the facilities (“Facility Investors”) entered into escrow arrangements in relation to the shares issued to them as part of these transactions. The term of this escrow comes to an end on 30 May 2016. Arvida has recently surveyed its largest escrowed shareholders, who collectively account for 71 million shares (48% of the total 147 million escrowed shares), to ascertain their current intentions following the end of the escrow period. Based on this feedback, it is understood that they currently intend to sell up to 2 million shares in aggregate. This represents only 3% of the escrowed shares held by them or less than 1% of the total shares on issue. Arvida is now in the process of writing to all escrowed shareholders to ascertain their current intentions. Arvida has appointed Forsyth Barr Limited as Arranger and Lead Manager to assist in the co-ordination and sale of any escrowed shares at the end of this escrow period. Since the IPO and subsequent acquisition of the Aria villages, Arvida has emerged as a leading provider of aged care services in New Zealand. The financial and operational results achieved to date reflect the significant progress made in integrating the now 21 retirement village and aged care facilities and the benefits resulting from the implementation of the support centre structure. The upcoming end of the Facility Investor escrow period marks another milestone in the evolution of the business. Arvida is scheduled to release its preliminary results to the market in respect of its full financial year to 31 March 2016 on Wednesday 25 May 2016. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Facility Investor Escrow Update

Annual Results Announcement Date 14/04/2016 1:28:38 p.m.

Arvida Group Limited (“Arvida”) advises that its financial results for the year ending 31 March 2016 will be announced on Wednesday 25 May 2016. - ENDS -

Results Date

Investor Newsletter 23/03/2016 8:30:01 a.m.

Arvida Group Limited (ARV) is pleased to release to the NZX the second edition of its Investor News newsletter. - ENDS -

Investor News

Arvida Announces Third Quarter Dividend 29/02/2016 5:02:04 p.m.

Arvida Group Limited (ARV) has announced a third quarter cash dividend for the 2016 financial year of 1.05 cents per share. Imputation credits of 0.35 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.1588 cents per share to offset non-resident withholding tax. The record date for the dividend is 15 March 2016 and the payment date is 23 March 2016. Based on today’s opening market price of $0.90, the gross dividend of 1.40 cents per share equates to an annualised gross dividend yield of 6.2%. - ENDS -

Announcement
Appendix 7

Development Update 18/02/2016 10:12:04 a.m.

Arvida Group Limited (“Arvida”) wishes to provide an update with the progress of its development activities across several of its sites. The update includes: 1. The rebuild of the 20 bed dementia wing at Aria Gardens, Albany is complete, with residents now occupying all of the rebuilt dementia beds. Residents for the new 16 bed hospital wing will commence occupation from 25 February 2016. The facility now comprises of 43 rest home, 91 hospital and 20 dementia beds. 2. The construction of the new 11 serviced apartments at the Glenbrae Village, Rotorua is on track, with completion scheduled for 31 March 2016. The refurbishment of the care facility was completed in January 2016. Post completion, the facility will comprise 78 villas, 27 serviced apartments and 41 care beds. 3. The resource consent application to construct a further 73 apartments and a wellness-centre at the Park Lane Retirement Village has been approved by the Christchurch City Council. The consent contains no onerous or unexpected conditions. The development plans for the village include communal facilities including dining rooms, bowling green, produce gardens and park like surrounds. The wellness-centre, a first in the New Zealand retirement sector, is intended to interact directly with the local community. This innovation will comprise of café, crèche, medical and fitness facilities that both residents and the public will be able to access. Post completion, the facility will comprise 8 villas, 73 apartments, 45 serviced apartments and 42 care beds. 4. The resource consent application for the construction of 24 new apartments at Aria Bay in Browns Bay, remains in progress, with a hearing date expected in the next month. Enabling earthworks and retaining are planned to commence on site within the coming weeks. Post completion, the facility will comprise 33 independent apartments, 24 serviced apartments and 57 rest home beds. 5. The resource consent application for the construction of 31 new apartments and 40 care beds at Rhodes on Cashmere in Christchurch, remains in progress, with a hearing date expected in the next month. Post completion, the facility will comprise 47 apartments and 40 care beds. 6. The earthquake remediation and general refurbishment works at the St Allisa Rest Home, Christchurch are tracking to plan and should be fully complete by the end of 2016. - ENDS -

Development Update

SSH Notice - ANZ New Zealand Investments Limited 5/02/2016 11:04:10 a.m.

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 05 February 2016 Date last disclosure made: 30 June 2015 Date on which substantial holding ceased: 01 February 2016 Substantial product holder(s) giving disclosure Full name(s): ANZ New Zealand Investments Limited Summary of previous substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for ANZ New Zealand Investments Limited For last disclosure,— (a) total number held in class: 13,972,334 (b) total in class: 260,564,919 (c) total percentage held in class: 5.362% For current holding after ceasing to have substantial holding,— (a) total number held in class: 11,890,554 (b) total in class: 273,245,400 (c) total percentage held in class: 4.352% Details of transactions and events giving rise to ceasing of substantial holding (Please see table in attachment) Additional information Address(es) of substantial product holder(s): ANZ Centre, 23-29 Albert Street, Auckland 1010 Contact details: Anthony Perkins, 0800 269 296, Anthony.perkins@anz.com Nature of connection between substantial product holders: N/A Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: none Certification I, Jayne Fairbairn, 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.

SSH Notice - ANZ New Zealand Investments Limited

Ongoing Disclousre Notice - Peter David Wilson 26/11/2015 3:44:39 p.m.

Please find attached and ongoing disclosure notice for Peter David Wilson, Director. - ENDS -

Ongoing Disclosure Notice for Peter David Wilson

Arvida Announces Second Quarter Dividend 26/11/2015 9:57:16 a.m.

Arvida Group Limited (ARV) has announced a second quarter cash dividend for the 2016 financial year of 1.05 cents per share, in line with the previous quarter. Imputation credits of 0.35 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.1588 cents per share to offset non-resident withholding tax. The record date for the dividend is 10 December 2015 and the payment date is 21 December 2015. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Appendix 7

Arvida Announces Interim Profit of $7.4 million 26/11/2015 9:56:14 a.m.

• Net profit after tax of $7.4 million and Underlying Profit1 of $7.3 million for the six month period to 30 September 2015 • Total assets grew to $438.4 million, up $84.4 million since year end • Business transitioning from integration to ‘business as usual’ over the next six months • National footprint extended with the successful acquisition of the three Aria villages – provides a key strategic Auckland presence and quality brownfield development opportunities • Growth to continue with 225 new units and beds planned for delivery over the next three years • Positive outcome to finalise all Christchurch earthquakes insurance claims • Quarterly dividend of $1.05 cents per share declared, in line with Initial Public Offer (IPO) prospectus • Outlook – the business is performing well and is on track to exceed prospectus profit forecasts Financial Performance Arvida Group Limited (NZX:ARV) today announced a strong interim result and expects to exceed the profit forecasts for the year ending 31 March 2016, as set out in the IPO prospectus dated 17 November 2014. The results for the six-months include a full period of operations of the villages acquired in the IPO and an approximate three month contribution from the acquisition of Aria Bay, Aria Gardens and Aria Park, which completed on 3 July 2015 (the “Aria Villages”). Commenting on Arvida’s financial performance, Chairman Peter Wilson said, “This is a very pleasing result which reflects the significant progress made integrating the now 21 retirement village and aged care facilities, and the benefits resulting from implementation of our support centre structure.” Statutory Result For the first six months to 30 September 2015, Arvida achieved total operating revenue of $39.3 million. Good demand exists for Arvida’s villages and care facilities across the country, with the care facilities occupancy rate at over 93% across the Group (significantly higher than the national average of 87%). In addition, $3.8 million of gains in the fair value of investment properties were derived from a desktop review completed by CB Richard Ellis (CBRE). Total expenses were $33.8 million and included one-off expenses of $1.4 million relating to the acquisition of the Aria Villages and earthquake remediation costs. The Profit after Tax of $7.4 million compares to $10.6 million for the IPO prospectus forecast for the full year to 31 March 2016. Underlying Profit of $7.3 million, compares to the IPO prospectus forecast for the full year to 31 March 2016 of $13.3 million. Included within Underlying Profit are $2.7 million of gains from 61 resales of existing units and 11 sales of new units. Total assets grew to $435.8 million, up $82.8 million since year end. The market value of all properties from the latest CBRE valuations (excluding any insurance related impairment) was $295.7 million, up from $225.1 million at 31 March 2015 largely as a result of the Aria Villages acquisition. External bank debt was $10.0 million and resident loans totalled $134.1 million at 30 September 2015. Total Equity was $252.7 million, up from $209.7 million largely due to the equity capital raisings of $35 million and the issue of $6 million of shares to vendors of the Aria Villages to partly fund the Aria transaction. Insurance Settlement Arvida agreed with its insurer, a gross settlement of $18.1 million to resolve its outstanding insurance claims relating to six of its properties impacted by the Christchurch earthquakes. The actual payment received was reduced by $1.0 million for the EQC contributions already received and $0.4 million for policy excesses. The proceeds were received on 30 September 2015 and were utilised to reduce bank debt whilst the remediation planning is completed. Transitioning from Integration to ‘Business as Usual’ The integration of Arvida’s 21 villages and care facilities has been a successful process with the focus now on transitioning from integration to ‘business as usual’ over the next six months. This includes continuing to make improvements in our high quality ‘care offering’ and further operational and financial improvements across the Group. CEO Bill McDonald highlighted the progress made, commenting “Arvida’s core operations support centre is designed to provide the framework for our individual villages and care facilities to deliver strong results. We now have core support capabilities in development, finance, human resources, operations and marketing and sales and are well positioned to deliver on our strategy.” The next steps in delivering on our strategy include: • developing the operational culture to increase positive resident experiences • providing the IT infrastructure to share information and improve communication, reporting and benchmarking across the Group • embedding standardised Group policies, procedures and processes that maximise quality of care while minimising risk • leveraging existing expertise and resources across the Group • continuing to realise significant procurement savings while improving overall quality and service. To date procurement savings are in excess of $1.5 million • developing consistent, professional marketing and sales processes and a consistent brand and visual identity across the Group • clearly positioning the business and its unique selling points and value proposition Development Activities Our brownfield developments demonstrate our commitment to meeting the rising demand for care bed and retirement living developments. In the current financial year, development activities are anticipated to deliver 32 new units/beds and significant refurbishments at two care facilities. Resource consents have been lodged for a further 173 units/beds and resource consent drafting is underway for a further 20 units. In total, 225 units/beds have been planned for delivery in the next three years, with opportunities for a further 100+ units/beds on existing sites. Arvida is also focused on planning the remediation and refurbishment of its villages in Christchurch that were affected by earthquake damage. Acquisition On 3 July 2015, Arvida purchased Aria Gardens, Aria Park and Aria Bay (collectively known as “Aria Villages”). The Aria Villages comprise three high quality retirement villages and aged care facilities situated in premium locations across Auckland that provide retirement services to around 350 residents. The villages have a strong care focus and meaningful brownfield development opportunities. Although the focus is currently on optimising the performance of existing villages and brownfield developments, we continue to scan the horizon for attractive, earnings accretive and value enhancing acquisition opportunities that meet our criteria. Dividend A cash dividend of 1.05 cents per share, consistent with the first quarter, has been declared for the September quarter, amounting to $2.9 million. The dividend is partially imputed at 0.35 cents per share. A supplementary dividend of 0.16 cents per share will be paid to non-resident shareholders. The dividend record date is 10 December 2015 and payment will be made on 21 December 2015. Outlook Arvida Chairman Peter Wilson said “The Board is pleased with progress made to date. As Arvida transitions from integration to ‘business as usual’, our focus will be firmly on improving the lives and wellbeing of our residents.” Beyond this, Mr Wilson said “supported by positive ongoing sector demographics and the favourable outlook in demand for the services Arvida provides, we are confident that by remaining on strategy, we are well positioned to deliver on the profit forecasts contained in the IPO prospectus.” Footnote: Underlying Profit is a non-GAAP measure and differs from NZ IFRS net profit after tax by replacing the fair value adjustment in investment property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one-off items. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Interim Results Announcement
Appendix 1
Interim Report
Investor Presentation

Interim Results Announcement Date 4/11/2015 11:10:52 a.m.

Arvida Group Limited advises that its financial results for the six months ending 30 September 2015 will be announced on Thursday 26 November 2015. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Interim Results Announcement Date

Insurance Settlement Agreed 30/09/2015 11:16:09 a.m.

Arvida Group Limited (“Arvida”) advises that it has agreed with its insurer, NZI, a gross settlement of $18.1 million (excluding GST) to resolve its insurance claims relating to six of its properties that were impacted by the Christchurch earthquakes. The actual payment received will be reduced by $1.0 million for the EQC contributions already received and $0.4 million for excesses. The proceeds will be utilised to reduce bank debt until any remediation costs are incurred. The receipt of the settlement proceeds is expected shortly. - ENDS -

Insurance Settlement Agreed

Three Resource Consents Lodged 24/09/2015 2:33:35 p.m.

Arvida Group Limited (“Arvida”) is pleased to confirm that it has now lodged resource consents for three brownfield developments. These include: 1. A significant extension for the Park Lane Retirement Village in Christchurch, which includes the building of an additional 78 independent living apartments plus some outwardly facing common and community facilities. 2. The addition of 31 independent living apartments and 40 care beds at Rhodes on Cashmere in Christchurch. 3. A further 24 new independent living apartments at the recently acquired Aria Bay Retirement Village in Auckland. Investment decision approval for these three developments is pending final planning, feasibility and consents. Current assumptions anticipate actual development activity commencing in the first half of the next calendar year. In addition to these consents: 1. The construction of an additional 10 independent living apartments at Glenbrae in the Bay of Plenty is progressing to schedule, with delivery targeted in this financial year. 2. A heads of agreement to acquire a development site adjoining the Oakwoods Village in Nelson has been negotiated. This site, in conjunction with an existing parcel of bare land, will allow for the construction of a further 20 independent villas. Development planning is currently underway. These brownfield development opportunities represent a roll out of over 200 new units or beds over the next 2-3 years. The works will build the internal development capacity and be value accretive to the business over time. - ENDS -

Three Resource Consents Lodged

Arvida Provides Investor Newsletter 18/09/2015 8:36:32 a.m.

Arvida Group Limited is pleased to release to the NZX the first edition of its Investor News newsletter. - ENDS -

Investor News

Arvida Completes Leadership Team 8/09/2015 11:21:02 a.m.

Arvida Group Limited (“Arvida”) is pleased to announce the appointments of two senior executives to complete their leadership team. Virginia Bishop has been appointed to the role of General Manager Operations. Virginia has held a number of leadership positions within the service industry and will bring a passion for service excellence to the role. Virginia will be responsible for all operational matters within the villages, with the primary focus on performance, implementation and compliance. Tristan Saunders has been appointed to the role of General Manager Marketing and Sales on a contract basis. Tristan has significant experience in senior marketing, sales and business management roles across a wide range of industries. Most recently Tristan has led the rapid growth in sales and brand recognition for Summerset Group. Tristan will be responsible for Arvida’s marketing, sales and communications functions across the business and will be a strong advocate for residents and their families. Both Virginia and Tristan will commence their roles in October. - ENDS -

Arvida Completes Leadership Team

Annual Meeting Results 24/08/2015 8:31:32 a.m.

The Board of Arvida Group Limited is pleased to announce the poll results of the five resolutions put to the Company’s Annual Meeting: - Michael Ambrose was re-elected as a Director; - Susan Paterson and Paul Ridley-Smith were elected as Directors; - The shares issued pursuant to the acquisition of Aria Gardens Limited and Epsom Brown Holdings Limited were ratified; and - The Board was authorised to fix the auditor’s fees and expenses. A results summary is included in the attached announcement.

Annual Meeting Results

Arvida Annual Meeting Address and Presentation 21/08/2015 9:38:13 a.m.

Arvida Group Limited has provided NZX with a copy of the address and presentation for the 2015 Annual Meeting being held in Christchurch today.

Chairman and CEO Speech
Annual Meeting Presentation

Arvida Announces First Quarter Dividend 21/08/2015 9:33:34 a.m.

Arvida Group Limited (ARV) has announced a first quarter cash dividend for the 2016 financial year of 1.05 cents per share. Imputation credits of 0.35 cents per share will be attached to the dividend representing income tax paid by Arvida. Overseas investors will receive an additional supplementary dividend of 0.16 cents per share to offset non-resident withholding tax. The record date for the dividend is 8 September 2015 and the payment date is 18 September 2015. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz

Appendix 7

Arvida Issues Notice of Annual Meeting 7/08/2015 8:59:28 a.m.

Arvida Group Limited has today provided NZX with its Notice of Annual Meeting of Shareholders. The Annual Meeting will be held on Friday 21 August 2015 at 10.00am at The George, 50 Park Terrace, Christchurch. Please note the revised start time for the meeting of 10.00am. The Notice of Annual Meeting is being sent to shareholders today. It is also available on the Company's website at www.arvida.co.nz.

Notice of Meeting
Proxy Voting Form

Ongoing Disclosure Notices - Directors and CEO 28/07/2015 9:49:22 a.m.

Please find attached ongoing disclosure notices for the following Directors and the CEO: - Peter David Wilson - Susan Marie Paterson - Michael George Ambrose - Anthony Montgomery Beverley - William Adam McDonald - ENDS -

William Adam McDonald
Peter David Wilson
Susan Marie Paterson
Michael George Ambrose
Anthony Montgomery Beverley

Notification of Allotment of Securities 28/07/2015 9:37:12 a.m.

For the purposes of Listing Rule 7.12.1, Arvida Group Limited advises the following securities have been issued on 28 July 2015: a. Class of security - Ordinary shares ISIN - NZARVE0001S5 b. Number issued - 5,952,513 c. Nominal value - Not applicable Issue Price - NZ$0.84 per share d. Payment terms - Payable in cash e. Amount paid up - Fully paid ordinary shares f. Principal terms of the securities - The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares g. Percentage of class of securities - 2.178% (post allotment) h. Reason for issue - Allotment under share purchase plan (capital raising) to part-fund the acquisition of Aria Gardens Limited and Epsom Brown Holdings Limited i. Authority for issue - Board resolution dated 23 June 2015 j. Terms of issue - Ordinary shares k. Number of securities in existence after issue - 273,245,400 l. Treasury stock - not applicable m. Date of issue - 28 July 2015 Yours faithfully Jeremy Nicoll Chief Financial Officer

Notification of Allotment of Securities

Arvida Share Purchase Plan Closes Fully Subscribed 24/07/2015 3:26:47 p.m.

Arvida Group Limited (ARV) Market Release 24 JULY 2015 ARVIDA SHARE PURCHASE PLAN CLOSES FULLY SUBSCRIBED Arvida Group Limited (ARV) is pleased to announce the successful completion of its Share Purchase Plan (SPP), which opened on 6 July 2015 and has now closed fully subscribed. Following the successful completion of the NZ$30 million placement (Placement) of new shares to investors to partly fund the approximate NZ$62 million acquisition of Aria Bay, Aria Park and Aria Gardens (Aria Villages), Arvida offered existing eligible shareholders the opportunity to subscribe for up to NZ$5 million of new shares at the same $0.84 price paid by investors under the Placement through the SPP offer. Each eligible shareholder on the register as of the record date, 3 July 2015, was given the opportunity to subscribe for up to NZ$15,000 worth of Arvida shares. Arvida’s SPP received pleasing support with applications exceeding the NZ$5 million sought. Consequently, there will be scaling in accordance with the terms of the SPP offer. Allotment of the shares to eligible shareholders who participated in the SPP will be made on 28 July with trading on the NZX Main Board commencing on the same day. Arvida Chairman, Peter Wilson said “We are very pleased with the strong support we have received from our existing shareholders for our SPP, reflecting their confidence in our growth strategy and support for our entry into the Auckland market through the acquisition of the Aria Villages. Our focus is now on our existing brownfield developments (including those at Aria Bay and Aria Gardens) and continuing our integration processes across the broader group.” - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 21 villages across New Zealand comprising, Aria Bay, Aria Gardens, Aria Park, Auckland; Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea and Bainswood, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Arvida Share Purchase Plan Closes Fully Subscribed

Ongoing Disclousre Notice - Paul Morton Ridley-Smith 10/07/2015 8:30:10 a.m.

Please find attached a disclosure notice for Paul Morton Ridley-Smith. Kind regards Jeremy Nicoll Chief Financial Officer Arvida Group Limited

PMRS 10 July 2015

Acquisition of Aria Villages Complete 6/07/2015 11:09:01 a.m.

Arvida Group Limited (NZX:ARV) is pleased to announce the completion of the settlement process for the acquisition of Aria Bay, Aria Park and Aria Gardens (collectively, “Aria Villages”) for approximately $62 million. The Aria Villages comprise three high quality retirement villages and aged care facilities situated in premium locations across Auckland that provide retirement services to around 350 residents. - ENDS - Contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited, Tel +64 21 270 3669, email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited, Tel: +64 21 403 665, email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a differentiated aged care business with an emphasis on providing a continuum of care from independent living through to high quality aged care and wellness services. Arvida has 21 villages across New Zealand comprising: Aria Bay, Aria Park and Aria Gardens, Auckland; Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Acquisition of Aria Villages Complete

Cleansing Notice and Offer Document 6/07/2015 9:51:20 a.m.

Please find attached a copy of Arvida’s share purchase plan offer document as well as a cleansing notice for the share purchase plan.

Cleansing Notice
Offer Document

SSH Notice - Arvida Group Limited 3/07/2015 3:12:58 p.m.

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Relevant event being disclosed: Movement of 1% or more Date of relevant event: 3 July 2015 Date this disclosure made: 3 July 2015 Date last disclosure made:18 December 2014 Substantial product holder(s) giving disclosure Full name(s): Arvida Group Limited Summary of substantial holding Class of quoted voting products: Ordinary shares (NZX Code: ARV) Summary for Arvida Group Limited For this disclosure,— (a) total number held in class: 147,368,074 (b) total in class: 267,292,887 (c) total percentage held in class: 55.134% For last disclosure,— (a) total number held in class: 142,110,104 (b) total in class: 226,320,631 (c) total percentage held in class: 62.791% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: On 16 March 2015, Arvida Group Limited repurchased and cancelled 1,469,998 ordinary shares in Arvida Group Limited. On 30 June 2015, Arvida Group Limited undertook a placement of 35,714,286 ordinary shares. On 3 July 2015 an additional 6,727,968 shares were issued to those shareholders of Aria Gardens Limited and Epsom Brown Holdings Limited whose names are included in the Schedule. All of the shareholders of Arvida Group Limited listed in the Schedule are subject to the restrictions set out in the Fourth Schedule of Arvida Group Limited’s constitution pursuant to which those shareholders are restricted in their ability to dispose of certain Arvida Group Limited shares from the date those shares are first quoted on the NZX Main Board until 31 May 2016. Details after relevant event Details for Arvida Group Limited Nature of relevant interest(s): Power to control the sale of shares pursuant to the terms of the Fourth Schedule of Arvida Group Limited’s Constitution (previously attached to Arvida Group Limited’s disclosure on 18 December 2014). For that relevant interest,— (a) number held in class: 147,368,074 (b) percentage held in class: 55.134% (c) current registered holder(s): The shareholders of Arvida Group Limited as listed in the attached schedule (d) registered holder(s) once transfers are registered: Not applicable. Additional information Address(es) of substantial product holder(s): Level 1, 39 Market Place, Auckland 1010, New Zealand Contact details: Jeremy Mark Nicoll, 09 9721183, jeremy.nicoll@arvida.co.nz. Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: not applicable. Certification I, Jeremy Mark Nicoll, 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.

SSH Notice - Arvida Group Limited

Notification of Allotment of Securities 3/07/2015 3:11:56 p.m.

ARVIDA ACQUISITION SETTLEMENT: NOTIFICATION OF ALLOTMENT OF SECURITIES For the purposes of Listing Rule 7.12.1, Arvida Group Limited advises the following securities have been issued on 3 July 2015. a Class of security: Ordinary shares ISIN: NZARVE0001S5 b Number issued: 6,727,968 c Nominal value :Not applicable Issue Price :NZ$0.8918 per share d Payment in cash: No. Consideration due in full upon issue e Amount paid up: Fully paid ordinary shares f Principal terms of the securities: The shares have identical rights, privileges, limitations and conditions as, and rank equally with, the existing ordinary shares g Percentage of class of securities: 2.517% (post allotment) h Reason for issue: Allotment under the sale and purchase agreements of Aria Gardens Limited and Epsom Brown Holdings Limited in part-satisfaction of the purchase price i Authority for issue: Board resolution dated 23 June 2015 j Terms of issue: The shares are subject to escrow restrictions until 31 May 2016, as detailed further in the Company’s constitution k Number of securities in existence after issue: 267,292,887 l Treasury stock: not applicable m Date of issue: 3 July 2015 Yours faithfully Jeremy Nicoll Chief Financial Officer

Notification of Allotment of Securities

Ongoing Disclousre Notice - Peter David Wilson 3/07/2015 10:31:43 a.m.

Please find attached a disclosure notice for Peter David Wilson. Kind regards Jeremy Nicoll Chief Financial Officer Arvida Group Limited

PDW 3 July 2015

Ongoing Disclosure Notice - Susan Marie Paterson 3/07/2015 8:30:28 a.m.

Please find attached a disclosure notice for Susan Marie Paterson. Kind regards Jeremy Nicoll Chief Financial Officer Arvida Group Limited

SP 150702

SSH Notice - Artemis Investment Management LLP 2/07/2015 8:30:23 a.m.

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 01/07/15 Date on which substantial holding began: 25/06/15 Substantial product holder(s) giving disclosure Full name(s): Artemis Investment Management LLP] Summary of substantial holding Class of quoted voting products: Ordinary shares (ARV) Summary for Artemis Investment Management LLP For this disclosure,— (a) total number held in class: 15,891,327 (b) total in class: 260,564,919 (c) total percentage held in class: 6.10 % Details of relevant interests Details for Artemis Investment Management LLP Nature of relevant interest(s): Artemis Investment Management LLP is the investment adviser and has the power to acquire or dispose of, or to control the acquisition or disposition of, the security pursuant to an investment management contract or as the responsible entity of a managed investment scheme. For that relevant interest,— (a) number held in class: 15,891,327 (b) percentage held in class: 6.10% (c) current registered holder(s): JP Morgan, Wellington – General Account (d) registered holder(s) once transfers are registered: Unknown For a derivative relevant interest, also— (a) type of derivative: N/A (b) details of derivative: N/A (c) parties to the derivative: N/A (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: 13,095,238 shares vs NZD 10,999,999.92 purchased in a placing, trade date 25/06/15, settlement date 30/06/15 Additional information Address(es) of substantial product holder(s): Artemis Investment Management LLP, Cassini House, 57 St James's Street, London, SW1A 1LD Contact details: Richard Smithson, Tel: 0207 399 6063, Email: InvestmentOperations@artemisfunds.com Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None Certification I, Jon Parkhurst (Head of Investment Operations), 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.

SSH Notice - Artemis Investment Management LLP

SSH Notice - ANZ New Zealand Investments Limited 30/06/2015 2:05:51 p.m.

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 30 June 2015 Date on which substantial holding began: 25 June 2015 Substantial product holder(s) giving disclosure Full name(s): ANZ New Zealand Investments Limited Summary of substantial holding Class of quoted voting products: Ordinary Shares (ARV) Summary for ANZ New Zealand Investments Limited For this disclosure,— (a) total number held in class: 13,972,334 (b) total in class: 260,564,919 (c) total percentage held in class: 5.362% Details of relevant interests Details for ANZ New Zealand Investments Limited Nature of relevant interest(s): ANZ New Zealand Investments Limited acts as an investment manager for certain investment funds as listed below and as a result has a relevant interest in the financial products as it has: • A qualified power to exercise the right to vote attached to the financial products; and • A qualified power to acquire or dispose of the financial products ANZ New Zealand Investments Limited’s relevant interests stated above arise only from the powers of investment contained in its investment management contracts with: MFL Mutual Fund Limited, BNZ Officers’ Provident Association, Government Superannuation Fund Authority, National Provident Fund, Waikato Community Trust, ANZ Wholesale Property Securities Fund, ANZ Wholesale Australasian Share Fund, ANZ Wholesale New Zealand Share Fund and ANZ Wholesale Trans-Tasman Property Securities Fund. For that relevant interest,— (a) number held in class: 13,972,334 (b) percentage held in class: 5.362% (c) current registered holder(s): no change (d) registered holder(s) once transfers are registered: Unknown Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: Additional information Address(es) of substantial product holder(s): Level 17, ANZ Centre, 23-29 Albert Street, Auckland, 1010 Contact details: Anthony Perkins, 0800 269 296, anthony.perkins@anz.com Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: None Certification I, Jayne Fairbairn, 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.

SSH Notice - ANZ New Zealand Investments Limited

Notification of Allotment of Securities 30/06/2015 11:37:20 a.m.

30 June 2015 Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON By e-mail: announce@nzx.com ARVIDA PLACEMENT SETTLEMENT: NOTIFICATION OF ALLOTMENT OF SECURITIES For the purposes of Listing Rule 7.12.1, Arvida Group Limited advises the following securities have been issued on 30 June 2015. Arvida also advises that all conditions of the Aria acquisition have been satisfied and the transaction is unconditional, with settlement this Friday 3 July 2015. a Class of security Ordinary shares ISIN NZARVE0001S5 b Number issued 35,714,286 c Nominal value Not applicable Issue Price NZ$0.84 per share d Payment terms Payable in cash e Amount paid up Fully paid ordinary shares f Principal terms of the securities The shares have identical rights, privileges, limitations and conditions as, and rank equally over, the existing ordinary shares g Percentage of class of securities 13.706% (post allotment) h Reason for issue Allotment under placement (capital raising) to part-fund the acquisition of Aria Gardens Limited and Epsom Brown Holdings Limited i Authority for issue Board resolution dated 23 June 2015 j Terms of issue Ordinary shares k Number of securities in 260,564,919 existence after issue l Treasury stock not applicable m Date of issue 30 June 2015 Yours faithfully Jeremy Nicoll Chief Financial Officer

Notification of Allotment of Securities

2015 Annual Report 26/06/2015 5:10:28 p.m.

Please find attached the 2015 Annual Report for Arvida Group Limited. Kind regards Jeremy Nicoll Chief Financial Officer Arvida Group Limited

Arvida 2015 Annual Report

ARV: Trading Halt of Securities Lifted 25/06/2015 8:49:21 a.m.

Memorandum To: Market Participants From: NZX Client and Market Services Date: 25 June 2015 Subject: Arvida Group Limited (NS) (“ARV”) – Trading Halt of Securities Lifted Message: NZX Regulation (“NZXR”) advises that, following the announcement by Arvida Group Limited (NS) (“ARV”) at 8:42am today, trading in ARV ordinary shares will resume at market open today, Thursday 25 June 2015. Please contact Client and Market Services on +64 4 496 2853 or cms@nzx.com with any queries. ENDS

ARV: Trading Halt of Securities Lifted

Arvida Placement Fully Subscribed 25/06/2015 8:42:42 a.m.

Arvida Placement to Fund Auckland Expansion Fully Subscribed 24 June 2015 Arvida Group Limited (ARV) is pleased to confirm it has received strong support from local and offshore investors in the private placement undertaken today to fund the $62 million acquisition of three Auckland villages. Allocations were made to 15 institutions and a broad range of eligible NZ retail investors. The $30 million capital raising was placed at a price of $0.84 per share. The settlement date for the new shares is Tuesday 30 June 2015. Arvida CEO, Bill McDonald said, "It is very pleasing to see the market has recognised the strategic value of the Aria acquisition and our expansion into the Auckland market. The Aria villages are well established facilities with a strong aged care focus and are situated in premium locations with strong occupancy. They also provide further meaningful brownfield development opportunities. We are now looking forward to extending the offer to eligible shareholders via the Share Purchase Plan." Peter Wilson, Chairman of Arvida further commented, “This represents an important strategic acquisition for Arvida, providing us with a strong presence in the country’s most populous city. The addition of the three Aria villages brings our total number of facilities to 20, with good geographical spread through the country. The immediate focus for Arvida is now on realising integration benefits with Aria and the wider portfolio and on the brownfield development opportunities within the group”. The $5 million Share Purchase Plan (SPP) will offer each eligible shareholder on the register as of the record date, 3 July 2015, the opportunity to subscribe for up to NZ$15,000 worth of shares. The price of the SPP will be the same as the placement price of $0.84. The balance of the $62 million purchase price comes from the issue of new shares to vendor shareholders in Aria and through existing debt facilities put in place at the time of the IPO in anticipation of such expansion. Further details of the SPP and the SPP booklet are expected to be sent to shareholders early next month. Forsyth Barr was the Lead Manager to the placement and Chapman Tripp provided legal advice to Arvida. The placement was fully underwritten by Forsyth Barr Group Limited. - ENDS -

Arvida Placement Fully Subscribed

ARV: Trading Halt of Securities to remain 24/06/2015 8:57:45 a.m.

Memorandum To: Market Participants From: NZX Client and Market Services Date: 24 June 2015 Subject: Arvida Group Limited (NS) (“ARV”) – Trading Halt of Securities to remain Message: NZX Regulation (“NZXR”) advises that, further to the announcement by Arvida Group Limited (NS) (“ARV”) 8:44am today, the trading halt in ARV ordinary shares (“ARV”) will remain in place pending an announcement containing the results of a bookbuild, to be made by the company. Please contact Client and Market Services on +64 4 496 2853 or cms@nzx.com with any queries. ENDS

ARV: Trading Halt of Securities to remain

Arvida Group expands into Auckland market 24/06/2015 8:44:25 a.m.

Transaction highlights: • Strategic acquisition of three complementary, well established aged care facilities situated in premium Auckland locations • The villages have a strong care focus, 97% occupancy and meaningful brownfield development opportunities • The villages are being purchased for $62m which represents an equity value to FY16 underlying profit multiple from the three villages of 8.4x • The acquisition is being partly funded by an underwritten $30 million placement at $0.84 and a share purchase plan to eligible shareholders for up to $5 million The acquisition and associated equity raising is expected to be dividend and value enhancing to Arvida shareholders with 12% earnings per share accretion to Arvida’s FY16 underlying profit (1) on a pro forma basis • The acquisition is in line with Arvida’s strategy of broadening its portfolio with value enhancing care focussed facilities Arvida Group Limited (NZX:ARV) is pleased to announce the conditional acquisition of Aria Bay, Aria Park and Aria Gardens (collectively, “Aria Villages”) for approximately $62 million. The Aria Villages comprise three high quality retirement villages and aged care facilities situated in premium locations across Auckland that provide retirement services to around 350 residents. In particular, Aria Gardens, is an award-winning care facility and has won the NZACA/EBOS 2014 Excellence in Care Award within the Community Connections Category and the 2015 Waitemata DHB Health Excellence Award for Compassionate Patient Support. The acquisition is for 100% of the shares in the Aria Villages. Based on PFI forecasts for Arvida set at the time of the initial public offering and Arvida’s earnings estimates of the Aria Villages, the acquisition represents an equity value to anticipated FY16 underlying profit multiple of 8.4x. The transaction is expected to be 12% earnings accretive to FY16 underlying profit on a pro forma basis. Further earnings improvement is expected beyond FY16 following the completion of new beds at Aria Gardens, sell down of newly completed apartments at Aria Bay and possible future developments at Aria Bay. Chris Stokes of Aria Villages stated “on behalf of the Aria shareholders, I’m delighted to see the Aria Villages being placed into good hands and we are excited to become part of the Arvida Group. We consider that the transaction will benefit staff and residents alike.” Arvida Chief Executive Officer, Bill McDonald said “the Aria Villages were identified as an important strategic acquisition for Arvida with high recognition in their local communities of Epsom, Browns Bay and Albany. The Aria Villages provide a portfolio of 3 high quality facilities with a high needs-based offering across 295 care beds, 70 serviced apartments and 9 new independent apartments.” “The acquisition broadens Arvida’s North Island presence into the Auckland market and was a compelling opportunity for Arvida. The acquisition is expected to be value and dividend enhancing to shareholders and provide opportunities for further growth. We look forward to providing high quality retirement and aged care services to the residents, a great working environment with career development opportunities within the wider group for staff and overseeing the continued success of the Aria Villages as part of Arvida.” Arvida Chairman Peter Wilson added “the acquisition of the Aria Villages is on strategy and demonstrates Arvida’s ability to work effectively to identify and secure high quality privately owned opportunities within the retirement sector. In the near future, we can see continued growth of the Aria Villages within the broader Arvida Group. Following the acquisition, our immediate focus will be on the integration of the Aria Villages and Arvida foundation villages and the brownfield development opportunities within the group.” Completion of the acquisition is anticipated in July 2015 and is conditional upon statutory supervisor consents and obtaining District Health Board and Ministry of Health approvals. To fund the acquisition, Arvida is raising up to $41m of new equity through the issue of $6m of Arvida shares to vendor shareholders of the Aria Villages, which will be subject to the same escrow arrangements as shareholders under Arvida’s IPO, and a $30m underwritten placement at $0.84 per share. The placement will be followed by a share purchase plan (SPP) to provide an opportunity for eligible shareholders to participate in the capital raising under the same terms as the placement participants, up to a maximum of $5m. The balance of the acquisition will be funded under Arvida’s existing debt facility. Forsyth Barr Limited has been appointed as the Lead Manager to the placement and Forsyth Barr Group Limited as underwriter. There will be a conference call at 11am, Wednesday 24 June for Arvida to present the transaction to interested parties. Details for the presentation are provided below. Dial in: 0800 448 441 (NZ toll free) 1800 556 270 (Aust toll free) Pin: 5662078 Footnote: (1) - Underlying profit is a non-GAAP financial measure and represents the adjustment to net profit after tax to replace any fair value movements in investment property values, with realised components of movements in investment property value and to eliminate one-off items and deferred tax charges or credits. Attached: (1) Media Release (2) Investor Presentation (3) Cleansing Notices (4) Appendix 7 - ENDS -

Arvida Group Expands into Auckland Market

ARV: Trading Halt of Securities 23/06/2015 10:08:12 a.m.

Memorandum To: Market Participants From: NZX Client and Market Services Date: 23 June 2015 Subject: Arvida Group Limited (NS) (“ARV”) – Trading Halt of Securities Message: NZX Regulation (“NZXR”) advises that, at the request of the company, it has placed a trading halt on Arvida Group Limited (NS) ordinary shares (“ARV”). The trading halt was placed at 10.02am. The trading halt has been put in place pending the release of an announcement to be made by the company. Please contact Client and Market Services on +64 4 496 2853 or cms@nzx.com with any queries. ENDS

ARV: Trading Halt of Securities

Notification of Change in Address 19/06/2015 2:08:22 p.m.

Arvida Group Limited would like to advise of a change in its address. Our new physical address is: Level 1, 39 Market Place Auckland 1010 Our new mailing address is: PO Box 90217 Victoria Street West Auckland 1142 ‐ ENDS ‐

Change in Address Notification

Annual Meeting and Director Nomination Closing Date 15/06/2015 8:30:15 a.m.

Arvida Group Limited (“Company”) would like to advise that the Annual Meeting of shareholders is scheduled to be held at 8:30am on Friday 21 August 2015 at the George, 50 Park Terrace, Christchurch. Paul Ridley‐Smith and Susan Paterson will retire in accordance with the Company’s constitution and the NZX Listing Rules, and will be eligible for re‐election. Nominations for Directors are now being accepted. The closing date for nominations is 30 June 2015. Nominations: • can only be made by shareholders who are entitled to attend and vote at the Annual Meeting; • must be accompanied by the consent, in writing, of the person nominated; • should contain a brief CV of the nominee; and • must be received by Tuesday 30 June 2015. Please send nominations to: Company Secretary Arvida Group Limited PO Box 90217 Victoria Street West Auckland 1142 ‐ ENDS ‐ For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021‐270‐3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021‐403‐665 or email: jeremy.nicoll@arvida.co.nz

Annual Meeting and Director Nominations

Arvida announces FY2015 unaudited financial results in line 28/05/2015 12:28:24 p.m.

Arvida announces FY2015 unaudited financial results in line with IPO guidance, declares maiden dividend in line with forecast. - NPAT of $3.1 million, ahead of IPO forecast - Underlying Profit of $4.0 million, in line with IPO forecast - FY2015 final dividend of $2.3 million (representing 1.03 cps) declared, in line with IPO forecast - National footprint established with the successful acquisition of 17 retirement villages and aged care facilities - Key integration tasks completed - Existence of synergy benefits confirmed and initial benefits locked in - New Support Centre team in place with key leaders appointed - Development of Arvida brand, culture and values across the group - Arvida affirms FY2016 guidance in line with IPO forecast Financial Performance Arvida Group Limited (NZX:ARV) today announced unaudited financial results for the financial year ended 31 March 2015 in line with the financial forecasts set out in the Initial Public Offering (IPO) prospectus dated 17 November 2014. Commenting on Arvida’s financial performance, Chairman Peter Wilson said “this is a very pleasing result within a period of considerable organisational change that saw a number of milestones achieved. Arvida is performing well and in line with forecasts set out at the time of our IPO. This reflects the significant progress made integrating the 17 retirement village and aged care facilities and the benefits resulting from implementation of our support centre structure, built to manage the group going forward.” This result is the first to be released by Arvida since listing on NZX in December last year. Acquisition of the assets occurred on 17 December 2014 and the unaudited financial results reflect the village operations since then. Directors anticipate receiving an unqualified opinion from the auditors in relation to the FY2015 financial statements. Statutory Result On a statutory basis, revenue was up $1.0 million on forecast at $20.0 million with care and village fees 2.5% higher than forecast. Operating profit before financing and offer costs at $6.9 million compares to the forecast of $3.6 million. Arvida recorded $1.4 million of unrealised valuation gains in the fair value of investment properties, up $1.2 million on forecast, and a $1.6 million gain on acquisition of subsidiaries. Operating expenses were $15.4 million, $0.1 million above forecast. Operating profit before unrealised valuation gains, one-off items and offer costs was $0.3 million higher than forecast. Preliminary statutory net profit after tax attributable to equity holders was $3.1 million for the year ended 31 March 2015, $5.4 million better than forecast. Lower IPO costs and a higher allocation of IPO costs to equity, in combination, delivered a $1.8 million one-off benefit compared to forecast. Total assets grew to $358.3 million, up $8.7 million on forecast and includes an $11.0 million increase in goodwill resulting from shares in the IPO being issued at 95 cents as opposed to a model assumption of 90 cents and from the gains made on acquisition. Valuations of all retirement village land and buildings were completed by CBRE as at 31 March 2015. The directors of the subsidiaries completed a director’s valuation of the aged care facilities and determined that the values had remained constant from 31 March 2014. It is the intention that all aged care facilities will have an independent valuation completed on a two yearly basis. In comparison to the forecast, $9.8 million of intangible assets relating to operating rights have been transferred into a combination of investment property and accrued income. During the period there were 33 resales of existing units and, on a pro-forma basis over the full 12 month period, 143 units resold. Sales of new units were in line with IPO forecast. Dividend Arvida has declared a dividend of 1.03 cents per share for the year ending 31 March 2015. The record date for the dividend is 12 June 2015, with payment on 22 June 2015. The dividend is partially imputed at 0.24 cents per share. A supplementary dividend of 0.11 cents per share will be paid on 22 June 2015 to non-resident holders of Arvida shares. Operational Review CEO Bill McDonald highlighted the progress made with the integration plan and renegotiation of terms with a number of key suppliers. The benefit of procurement savings will be evident in FY2016 and future periods. Appointments to the senior management team have been made to broaden Arvida’s support capabilities in development, finance, human resources and operations. “Our intention is to create a lean operating structure enabling us to implement strategy and support scale increases without burdening the core business. Central to core operations will be a focus on operational delivery, finance and business development; thus providing a framework for our individual properties to deliver strong results. This structure also permits us to confidently leverage our model, enabling delivery of our real growth opportunities”, said Bill McDonald. A key operational strategy implemented during the period was the ongoing development of a common culture with consistent values across the organisation. In an environment where each of Arvida’s properties are different and formed from a unique heritage, Mr McDonald emphasised the value in creating a common link and set of behaviours allowing the unique identity of each individual property to be maintained, while still delivering consistent service. At an operational level CEO Bill McDonald said “we have a vision to be true leaders and innovators in the New Zealand retirement industry. We are investing in individualised wellness programmes and actively seeking opportunities to engage our residents in their local communities and the interests and activities that are valuable to them. We also highly value our residents’ sense of social utility knowing it is key to a healthier and happier resident population.” In line with our strong focus on care, a group-wide benchmarking analysis of key clinical indicators is underway, enabling us to continually measure and improve the quality of care of our residents. Importantly, occupancy at Arvida’s aged care facilities was constant at 94%, significantly above the national average of 86% recorded in recent DHB survey data. Development Activities A number of developments activities are ongoing within existing villages. As at 31 March 2015, 5 villas at Park Lane Retirement Village in Christchurch had been delivered with an additional 3 villas completed since year end. Refurbishment and enhancement of existing units continues across the group. The design of the significant developments at Park Lane and Rhodes on Cashmere is being progressed. Investment decision approval is pending final planning and feasibility. Current assumptions anticipate further development activity commencing 4th quarter FY2016. Arvida continues to remediate and refurbish its villages in Christchurch affected by earthquake damage as finalisation of insurance claims with the insurers proceeds. Outlook for FY2016 On current expectations, the Board considers the financial forecasts contained in the Prospectus to be appropriate. Arvida Chairman Peter Wilson said “The Board is pleased with progress made to date on implementing the integration plan outlined in the Prospectus. Focus will continue on the integration program and securing the related benefits.” Beyond this Mr Wilson said “a number of acquisition opportunities continue to present themselves. Arvida will continue to investigate acquisition opportunities that are accretive to the business.” --Ends-- For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 17 villages located across New Zealand comprising Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea and Bainswood, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

ARV Final Results 28 May 2015

Ongoing Disclosure Notice - Michael George Ambrose 12/05/2015 8:31:14 a.m.

Refer to the attached Ongoing Disclosure Notice for Michael George Ambrose. - ENDS -

Ongoing Disclosure Notice for Michael George Ambrose

Arvida adds two independent directors to its Board 7/05/2015 1:06:07 p.m.

Arvida Group (“Arvida") is pleased to announce the appointment of Susan Paterson and Paul Ridley-Smith as independent directors. This completes the board appointment process and brings the number of directors to five, of which four are independent. Susan has many years’ Board experience and was recently appointed as an Officer of the New Zealand Order of Merit for her services to corporate governance. She holds a number of directorships, including Abano Healthcare Group, Goodman NZ, Les Mills NZ and Housing New Zealand. Susan is also the Chair of Airways Corporation of NZ and Theta Systems. She has owned her own pharmacy business and has previously been a director of Tower Health and Life, Ports of Auckland Ltd, Auckland Regional Holdings and Transpower New Zealand. Susan holds an MBA from London Business School and a BPharm from Otago University. Paul was most recently General Counsel at Contact Energy and prior to that was a senior executive in the Morrison & Co and Infratil group. His previous directorships include Wellington International Airport, Liquigas, iSite Media and Wallace Corporation. Paul was also a member of the NZ Markets Disciplinary Tribunal for six years. He is currently a trustee of the New Zealand Festival and the Wallace Arts Trust. He holds an LLB from Victoria University and an MBA from Columbia University. Chairman of Arvida, Peter Wilson, said “Since the successful Initial Public Offering, the original directors have undertaken a search to complete the board. We are very pleased to welcome Susan and Paul to the board. Their strong governance experience and complimentary skill sets will benefit Arvida as it ensures the wellbeing of its residents and as it pursues its integration and growth strategies.” Susan and Paul have been appointed to the Arvida Board by the current Arvida directors, as permitted under Arvida’s constitution. In accordance with NZX Listing Rule 3.3.6, Susan and Paul will retire as directors of Arvida at the next annual meeting, but they will be eligible for election at that meeting. The Board has determined that Susan and Paul are independent directors, for the purposes of NZX Listing Rule 3.3.2. Arvida also advises that it will release its Annual results for the period ended 31 March 2015 on Thursday 28 May 2015. - ENDS -

Arvida adds two independent directors to its Board

Market Update 24/04/2015 11:21:57 a.m.

Arvida Group Limited (“Arvida”) is providing a market update in accordance with the conditions of the waiver from NZX Main Board Listing Rule 10.4.2 granted by NZX on 31 December 2014. Arvida confirms the following metrics as at 31 March 2015: i. the aggregate overall occupancy rate as a percentage of total available occupancy for all retirement villages owned by Arvida and its subsidiaries (“Arvida Group”) is 97%; ii. the aggregate overall occupancy rate as a percentage of total available occupancy for all aged care facilities owned by the Arvida Group is 94%; iii. the overall aggregate average age of residents in retirement village units owned by the Arvida Group is 85 years; iv. the total number of care beds (being resthome beds, dementia beds and hospital beds that provide resident accommodation and various levels of care and other services) for all retirement villages and all aged care facilities owned by the Arvida Group (“Arvida Facilities”) is 944; v. the total number of villas for all Arvida Facilities is 351; vi. the total number of apartments for all Arvida Facilities is 17; and vii. the total number of serviced apartments for all Arvida Facilities is 446. In respect of the three month period comprising the effective date of the last market update (being 31 December 2014) to 31 March 2015, Arvida confirms: viii. the process of integrating the retirement villages and aged care facilities into Arvida is well underway. The villages and facilities continue to operate on a business as usual basis, with the interests of residents coming first. A new management structure was implemented in March, the centralisation of the finance function commenced in April, a group-wide brand rollout that promotes the individual villages and facilities will occur in June and processes are being reviewed to support group compliance. Some economies of scale, through the procurement function, have been secured for the benefit of the group in the 2016 financial year and plans are in place to secure further savings in a number of areas; ix. there are no known details of any actual or pending changes to Government policy, or any applicable legislation, that Arvida considers is likely to materially affect funding of, or available to, Arvida; and x. there are no other matters, events or issues which Arvida considers is likely to materially negatively affect the prospective financial information for the years ended 31 March 2015 and 31 March 2016 included in the Prospectus, when considering the effect of the events as a whole. - ENDS -

Market Update

Issue of unlisted performance share rights 15/04/2015 8:30:01 a.m.

Arvida Group Limited (Arvida) advises for the purposes of NZX Main Board Listing Rule 7.12.1, that on 15 April 2015 it issued a total of 1,487,598 unlisted performance share rights to senior executives pursuant to the Arvida Group Limited Long Term Incentive Plan (the LTI Plan). a) Class of security unlisted performance share rights ISIN - N/A b) Number issued 1,487,598 c) Nominal value N/A Issue Price - No cash consideration is payable on the issue of performance share rights d) Payment terms N/A e) Amount paid up N/A f) Principal terms The performance share rights are subject to a vesting period of 3 to 6 years (the vesting periods are: (i) as to 227,514 performance share rights, to 31 March 2018 (ii) as to 420,028 performance share rights, to 31 March 2019 (iii) as to 420,028 performance share rights, to 31 March 2020 and (iv) as to 420,028 performance share rights, to 31 March 2021). Vesting is subject to the satisfaction of certain performance hurdles (broadly, a total shareholder return hurdle and a financial hurdle, each applying to 50% of the performance share rights). Upon vesting, each performance share right can be converted into one ordinary share in Arvida on exercise for no cash payment g) Percentage of class of securities 100% of the unlisted performance share rights h) Reason for issue Performance share rights issued to senior executives pursuant to the Arvida Group Limited LTI Plan i) Authority for issue Board resolution dated 15 April 2015 j) Terms of issue As above. The performance share rights cannot be transferred. k) Number of securities in existence after issue 1,487,598 unlisted performance share rights 224,850,633 quoted ordinary shares l) Treasury stock N/A m) Date of grant 15 April 2015 Yours faithfully Arvida Group Limited Jeremy Nicoll Chief Financial Officer - ENDS -

Issue of unlisted performance share rights

Adjustment to Arvida Shares 16/03/2015 9:13:52 a.m.

Arvida Group Limited (“Arvida”) gives notice that it has repurchased and cancelled certain ordinary shares in Arvida for nominal consideration following a review of the calculation of adjusted net assets used for the purposes of determining the number of shares issued to the facility investors pursuant to the Arvida aggregation and IPO: a Class of security Ordinary shares ISIN NZARVE0001S5 b Number acquired 1,469,998 c Nominal value N/A Acquisition price $1.00 in aggregate d Payment terms Cash e Amount paid up N/A f Principal terms Quoted ordinary shares in Arvida g Percentage of class of securities 0.65% h Reason for acquisition Acquisition and cancellation of shares for nominal consideration to correct the number of shares allocated to facility investors under the aggregation described in Arvida’s prospectus dated 17 November 2014 i Authority for acquisition Board resolution dated 16 March 2015 and entitled persons approval dated 17 December 2014 j Terms of acquisition As above k Number of securities in existence after acquisition 224,850,633 ordinary shares l Treasury stock N/A m Date of acquisition 16 March 2015 Yours sincerely, Jeremy Nicoll Chief Financial Officer Arvida Group Limited jeremy.nicoll@arvida.co.nz

Adjustment to Arvida Shares

Market Update 30/01/2015 2:41:08 p.m.

Arvida Group Limited (“Arvida”) is providing a market update in accordance with the conditions of the waiver from NZX Main Board Listing Rule 10.4.2 granted by NZX on 31 December 2014. Arvida confirms the following metrics as at 31 December 2014: i. the aggregate overall occupancy rate as a percentage of total available occupancy for all retirement villages owned by Arvida and its subsidiaries (“Arvida Group”) is 97%; ii. the aggregate overall occupancy rate as a percentage of total available occupancy for all aged care facilities owned by the Arvida Group is 93%; iii. the overall aggregate average age of residents in retirement village units owned by the Arvida Group is 85 years; iv. the total number of care beds (being resthome beds, dementia beds and hospital beds that provide resident accommodation and various levels of care and other services) for all retirement villages and all aged care facilities owned by the Arvida Group (“Arvida Facilities”) is 948; v. the total number of villas for all Arvida Facilities is 351; vi. the total number of apartments for all Arvida Facilities is 17; and vii. the total number of serviced apartments for all Arvida Facilities is 446. In respect of the two week period comprising the date of allotment of Arvida shares under Arvida’s IPO Prospectus (being 17 December 2014) to 31 December 2014, Arvida confirms: viii. the process of integrating the retirement villages and aged care facilities into Arvida has commenced. The villages and facilities continue to operate on a business as usual basis, with the interests of residents coming first. Plans are in place to commence work on a brand rollout that promotes the individual villages and facilities, centralise some support functions and introduce group compliance. Plans are also in place to optimise performance and realise economies of scale through the procurement, marketing and finance functions; ix. there are no known details of any actual or pending changes to Government policy, or any applicable legislation, that Arvida considers is likely to materially affect funding of, or available to, Arvida; and x. there are no other matters, events or issues which Arvida considers is likely to materially negatively affect the prospective financial information for the years ended 31 March 2015 and 31 March 2016 included in the Prospectus, when considering the effect of the events as a whole. - ENDS -

Market Update

Arvida makes three new executive appointments 13/01/2015 8:30:04 a.m.

Arvida Group is very pleased to announce three key executive appointments following the successful IPO that raised $80 million of new capital to support the growth ambitions of the retirement and aged care specialist. CEO Bill McDonald said: “It is great that Arvida is in a position to be able to attract such high calibre people. Moreover, it supports the rationale behind combining the resources of 17 villages that spawned the creation of Arvida.” With over 50% of its business care based, Arvida is very focused on offering the highest quality care service. Judith Johnson in the new role of General Manager Clinical will ensure the company is meeting the highest of standards of care whilst minimising clinical and operational risk. Jonathan Ash is taking on the role of General Manager Development to drive forward the important property development arm of the business. With multiple internal brown field developments at various stages of planning and construction, the oversight and planning of a high level development professional is paramount to Arvida’s successful delivery. As the company’s integration rolls out, a key focus is capturing, consolidating and reporting financial information from all the facilities. The position of General Manager Finance for the group has been created and Mark Wells has been appointed. Mark will start with Arvida Group at the end of January working with the CFO, Jeremy Nicoll on this critical task. Judith Johnson – General Manager Clinical Judith has been in the aged care sector for 28 years. Over this time she has been a developer/owner and has also held various positions with aged care associations and corporations. This has included operating a clinical advisory helpline for New Zealand Aged Care Association. Judith has been extensively involved with quality systems in the aged care sector including auditing, writing quality management guidelines and delivering numerous educational seminars for all levels of management and staff within the sector. For the last three years she has run a successful consultancy business covering a wide range of projects including, new developments, assisting facilities to meet contractual and legislative requirements, and achieving operational efficiencies. Throughout her career she has been an active member of many advisory groups in the effort to improve quality care for the aged population in New Zealand. We are very pleased that Judith will provide her skill and experience to the Arvida Group in her capacity as General Manager Clinical. Jonathan Ash – General Manager Development Jonathan Ash a proven Development Manager and Project Director with more than twenty-five years’ experience in the property and construction sector, both in New Zealand and internationally. He has extensive experience in the set-up, direction and management of development projects and has proven general management, business development and commercial skills. Jonathan has extensive experience in negotiating, securing and delivering significant developments and is a proven leader and motivator of teams. He has experience in the retirement village sector as well as successfully completing a major refurbishment of Whangarei Hospital and development of multi-unit residential subdivisions. Jonathan is very focused on delivering Arvida’s extensive brownfield and in time, greenfield property growth goals, in his role as General Manager Development. Mark Wells – General Manager Finance Mark is a Chartered Management Accountant with over 15 years’ experience as a financial analyst, project accountant and most recently Chief Financial Officer. Mark has held these positions within the property and investments sector in New Zealand and the UK, at both privately owned companies and large financial institutions. Whilst acting as the Finance Manager for ING’s retirement village business in New Zealand, Mark gained valuable insights into the retirement sector and the IPO process. Mark will provide oversight of the finance operations across the group whilst delivering the reporting and compliance requirements of Arvida. - ENDS - For more information contact: Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: bill.mcdonald@arvida.co.nz Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: jeremy.nicoll@arvida.co.nz About Arvida: Arvida Group Limited (Arvida), is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 17 villages across New Zealand comprising Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea and Bainswood, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz

Arvida makes three new executive appointments

Ongoing Disclousre Notice - Peter David Wilson 5/01/2015 8:30:20 a.m.

Please refer to the attached Ongoing Disclosure Notice for Peter David Wilson.

Ongoing Disclosure Notice for Peter David Wilson

ARV- Application for a waiver from Rule 10.4.2 31/12/2014 10:25:56 a.m.

NZX Regulation Decision Arvida Group Limited (ARV) Application for a waiver from NZX Main Board Listing Rule 10.4.2 31 December 2014 Waiver from NZX Main Board Listing Rule 10.4.2 Decision 1. On the conditions set out in paragraph 2 below, and on the basis that the information provided by Arvida Group Limited (“ARV”) is complete and accurate in all material respects, NZX Regulation (“NZXR”) grants ARV a waiver from NZX Main Board Listing Rule (“Rule”) 10.4.2 to the extent that ARV is required to deliver to NZX, and make available to Quoted Security holders, a half-year report for the six month period ending 30 September 2014, on or before 31 December 2014. 2. The waiver in paragraph 1 above is provided on the condition that: a. ARV provides a market update (“Market Update”) to NZX for release to the market, as at 31 December 2014 and as at 31 March 2015, including the following minimum information in respect of ARV and its subsidiaries (“ARV Group”): i. the aggregate overall occupancy rates as a percentage of total available occupancy for all retirement villages owned by the ARV Group; ii. the aggregate overall occupancy rates as a percentage of total available occupancy for all aged care facilities owned by ARV Group; iii. the overall aggregate average age of residents in retirement village units owned by the ARV Group; iv. the total number of care beds (being resthome beds, dementia beds and hospital beds that provide resident accommodation and various levels of care and other services) for all retirement villages and all aged care facilities owned by the ARV Group (the “ARV Facilities”); v. the total number of villas for all ARV Facilities; vi. the total number of apartments for all ARV Facilities; vii. the total number of service apartments for all ARV Facilities; viii. an update on the progress of integration of the Portfolio Facilities into the ARV Group including by reference to the statements regarding that integration process included in the Prospectus; ix. details of any known actual or pending changes to Government policy, or any applicable legislation, that ARV considers is likely to materially affect funding of, or available to, the ARV Group; and x. details of any other matter, event or issue which ARV considers is likely to materially negatively affect the PFI, when considering the effect of the events as a whole; and b. the information as required in the Market Updates by paragraphs 2. a. viii. to 2. a. x. above must be for the following periods: i. in respect of the Market Update as at 31 December 2014, the period comprising the date of allotment as per the Prospectus (being 17 December 2014) to 31 December 2014; and ii. in respect of the Market Update as at 31 March 2015, the period comprising 1 January 2015 to 31 March 2015; and c. the Market Update must be provided to NZX: i. in respect of the Market Update as at 31 December 2014, on or before 30 January 2015; and ii. in respect of the Market Update as at 31 March 2015, on or before 30 April 2015. 3. The conditions set out in paragraph 2 above, in no way prejudice ARV’s continuous disclosure obligations under Rule 10.1 which, subject to the requirements of that Rule, require ARV to immediately disclose any Material Information, including any material variation from the PFI, to NZX for release to the market. 4. The information on which this decision is based is set out in Appendix One to this decision. This waiver will not apply if that information is not or ceases to be full and accurate in all material respects. 5. The Rules to which this decision relates are set out in Appendix Two to this decision. 6. Pursuant to section 359 of the Financial Markets Conduct Act 2013, NZXR consulted the Financial Markets Authority (“FMA”) when making this determination and FMA has confirmed that it is in agreement with this decision and the above considerations. Further, in accordance with NZX policy, NZXR consulted with the Chair of the NZ Markets Disciplinary Tribunal when making this determination. Reasons 7. In coming to the decision to provide the waiver set out in paragraph 1 above, NZXR has considered that: a. The purpose of a half-year report is to provide the market with updated information on the financial position of an Issuer, giving a holistic view of the Issuer’s financial performance to assist investors and potential investors with their investment decision. b. As at 30 September 2014, being the end of the period in respect of which ARV is required to provide a half-year report, ARV existed solely as a special purpose vehicle, incorporated to undertake the IPO and to enter into conditional contracts to acquire the Portfolio Facilities on Listing. Neither ARV nor the ARV Group had commenced operations. ARV has since Listed and commenced operations. c. The Prospectus contained unaudited financial statements for ARV for the period to, and as at, 31 July 2014 (with additional disclosure for subsequent events to 17 November 2014). If ARV were required to provide a half-year report for the period ended, and as at, 30 September 2014, that report would only reflect ARV’s limited activities as a special purpose vehicle. In effect, such a report would reflect an additional two month's update to the 31 July 2014 financial statements included in the Prospectus and disclose the additional costs incurred by ARV since 31 July 2014. ARV considers, and NZXR agrees, that provision of the accounts required under Rule 10.4.2 would provide an out of date view of the financial position of ARV and the ARV Group, and may confuse investors as to the current position of the company. d. ARV has submitted, and NZXR has no reason not to believe, that it is not practicable for ARV to prepare accurate updated pro forma financial statements for the period ended, and as at, 30 September 2014, due to the complexity of aggregating the underlying financial information in respect of the Portfolio Facilities and consolidating and reconciling different accounting policies applied across each business acquired. e. Further, updated pro forma financial statements to 30 September 2014 may also provide an inaccurate view to the market of ARV’s financial position given the process for settlement of acquisitions of the Portfolio Facilities and integration of the Portfolio Facilities into the ARV Group. Although limited pro forma financial information was provided in the Prospectus, this was primarily as a condition of the exemption relief obtained by ARV from the Securities Act 1978 and Securities Regulation 2009. That information required significant explanation to provide offerees accurate context for the basis of preparation and the context within which the information was being provided. f. The conditions of the waiver provide an alternative basis on which ARV will update the market on the performance of the company in the period to 31 March 2015, ahead of the preliminary full year financials due at the end of May 2015. The release of the Market Updates will provide the market with information on how ARV is progressing against information included in the Prospectus (including the PFI), to allow the market to assess the performance of ARV in the absence of the half-year financial statements that would otherwise have been prepared under Rule 10.4.2. g. The Prospectus provided PFI which, ARV submits, more accurately reflects ARV’s position as an operating business. ARV is subject to continuous disclosure obligations under Rule 10.1, which requires ARV to immediately disclose any Material Information to NZX for release to the market. Under this Rule, ARV would be required to announce immediately any material variation from the PFI (subject to the relevant safe harbours in the Rule). h. There is precedent for this decision. Appendix One 1. Arvida Group Limited (“ARV”) is a Listed Issuer, with its ordinary shares quoted on the NZX Main Board Market. ARV is subject to the NZX Main Board Listing Rules (“Rules”). 2. ARV was incorporated on 17 January 2014 for the purpose of acquiring a portfolio of 17 retirement villages and aged care facilities (the “Portfolio Facilities”). 3. Prior to Listing, ARV was a special purpose vehicle incurring adviser and other costs associated with the acquisition process for the Portfolio Facilities. ARV did not own or operate any retirement villages, aged care facilities or any other businesses. 4. In connection with the acquisition of the Portfolio Facilities, ARV undertook an initial public offering (“IPO”). A prospectus for the IPO was prepared and registered on 17 November 2014 (the “Prospectus”). 5. ARV was granted the Securities Act (Hercules Limited) Exemption Notice 2014 in relation to the content of financial information in the Prospectus. In accordance with this exemption notice, subject to conditions, the Prospectus was not required to include: • summary financial statements for each retirement village or aged care facility for the five accounting periods preceding the date of the Prospectus (as required by clause 12(3)(d) of Schedule 1 to the Securities Regulations 2009); and • a reference to the latest financial statements for each retirement village and aged care facility as prepared in accordance with generally accepted accounting practice or the Financial Reporting Act 1993 (as required by clause 12(3)(e) of Schedule 1 to the Securities Regulations 2009). 6. The Prospectus instead contained a range of financial information, including: • historical and prospective pro form income statement and cash flow information for ARV for the financial years ending 31 March 2013 to 2016; • prospective financial information for the years ending 31 March 2015 and 31 March 2016 (the “PFI”); and •summary financial statements for the ARV Group covering the period from formation to 31 March 2014; and the period from 1 April 2014 to 31 July 2014. 7. The IPO completed with the Listing of ARV on 18 December 2014. 8. From 17 December 2014, ARV began settling the acquisitions of the Portfolio Facilities with the funds raised from the IPO and the issue of shares in ARV. ARV expects to continue settling the acquisitions and integrating the companies through to 31 March 2015. 9. ARV has a balance date of 31 March. Under Rule 10.4.2, ARV is required to make available to Quoted Security holders, and to deliver to NZX for release to the market, a half year report for the six month period ending 30 September 2014 on or before 31 December 2014. Appendix Two Rule 10.4.2 Each Issuer shall within three months after the end of the first six months of each financial year of the Issuer: (a) deliver to NZX electronically, in the format specified by NZX from time to time; and (b) make available to each Quoted Security holder in accordance with Rule 10.4.4, a half-year report. That half-year report shall be delivered to NZX before, or at the same time as, it is made available to Quoted Security Holders in accordance with Rule 10.4.4. That half-year report shall include the information and otherwise address the matters prescribed by the relevant section of Appendix 1.

ARV - Application for waiver from Rule 10.4.2

Disclosure of Relevant Interest - Michael George Ambrose 23/12/2014 9:24:15 a.m.

Disclosure of relevant interest on listing of issuer or appointment of director or senior manager Sections 297(1) and 298(1), Financial Markets Conduct Act 2013 To NZX Limited and To Arvida Group Limited Date this disclosure made: 22 December 2014 Date on which issuer listed or appointment made: 18 December 2014 Director(s) or senior manager(s) giving disclosure Full name(s): Michael George Ambrose Name of listed issuer: Arvida Group Limited Name of related body corporate (if applicable): Not applicable Position held in listed issuer: Director Summary of relevant interest (excluding specified derivatives) Class of quoted financial products: Ordinary shares Nature of relevant interest(s): Registered holder and beneficial owner For that relevant interest,— (a) number held in class: 150,000 (b) current registered holder(s): Michael George Ambrose Class of quoted financial products: Ordinary shares Nature of relevant interest(s): Joint registered holder of shares as trustee of the P T Ambrose Family Trust For that relevant interest,— (a) number held in class: 138,144 (b) current registered holder(s): Peter Thomas Ambrose & Michael George Ambrose as trustees of the P T Ambrose Family Trust Class of quoted financial products: Ordinary shares Nature of relevant interest(s): Deemed relevant interest due to being a shareholder (jointly, as a trustee of the Wingnut Family Trust) and director of G.A. Village Management Services Limited For that relevant interest,— (a) number held in class: 1,850,000 (b) current registered holder(s): G.A. Village Management Services Limited Michael George Ambrose will also have a deemed relevant interest in an additional 1,000,000 ordinary shares which will be issued to G.A. Village Management Services Limited, provided that the volume weighted average market price of the Arvida Group Limited shares reported on the NZX Main Board for the 10 trading days ending on (and including) 31 May 2016 is equal to, or greater than, 1.25 times the IPO final price of $0.95 (as further described in the Arvida Group Limited registered prospectus dated 17 November 2014). Class of quoted financial products: Ordinary shares Nature of relevant interest(s): Joint trustee of the Wingnut Family Trust with the power to control the acquisition or disposal of, and the exercise of the right to vote attached to, shares held on behalf of the trustees of the Wingnut Family Trust pursuant to the deeds of nomination referred to below For that relevant interest,— (a) number held in class: 863,374 (b) current registered holder(s): - Andrade Holdings Limited, as to 78,778 ordinary shares (held pursuant to a deed of nomination dated 10/11/2004); - Newcastle Shipping Limited, as to 112,188 ordinary shares (held pursuant to a deed of nomination dated 20/6/2013); - Blenheim Equities Limited, as to 99,867 ordinary shares (held pursuant to a deed of nomination dated 19/12/2008); - Cloudy Peak Investments Limited, as to 234,835 ordinary shares (held pursuant to a deed of nomination dated 18/4/2007); - Spyglass Oaks Limited, as to 135,818 ordinary shares (held pursuant to a deed of nomination dated 2/10/2012); - Whiteleigh Equities Limited, as to 65,991 ordinary shares (held pursuant to a deed of nomination dated 23/6/2008); - Scottsdale Investments Limited, as to 135,897 ordinary shares (held pursuant to a deed of nomination dated 8/12/2005). Class of quoted financial products: Ordinary shares Nature of relevant interest(s): Joint trustee of the JM Family Trust with the power to control the acquisition or disposal of, and the exercise of the right to vote attached to, shares held on behalf of the trustees of the JM Family Trust pursuant to the deeds of nomination referred to below. For that relevant interest,— (a) number held in class: 117,419 (b) current registered holder(s): Cloudy Peak Investments Limited (held pursuant to two deeds of nomination dated 18/4/2007). Certification I, Michael George Ambrose, 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. Signature of director or senior manager:

Disclosure of Relevant Interest - Michael George Ambrose

Arvida completes $80 million IPO 18/12/2014 10:29:59 a.m.

18 December 2014 Arvida completes $80 million IPO Shares of Arvida Group Limited (Arvida, the Company) today began trading on the NZX Main Board following a successful IPO that raised $80 million in new capital to underpin the growth of the new retirement and aged care group. Strong demand for the shares from institutions in New Zealand, Australia and other eligible jurisdictions and the clients of participating NZX firms saw the shares priced at $0.95, at the top end of the indicative price range of $0.85 to $1.00. Arvida Chairman Peter Wilson says the Company is delighted to have attracted the strong support of high quality shareholders including new and existing investors. “Our new shareholders recognise that the foundation portfolio of 17 villages across New Zealand provides a strong base to meet the growing demand of retiring New Zealanders for high quality independent living along with the assurance that their needs will be catered for in later years. Our 1,000 dedicated staff and skilled management team are fully engaged in making Arvida a leader in the provision of retirement living and aged care services.” Arvida has now settled the acquisition of the foundation villages and the proceeds of the Offer have primarily been used to partially repay debt, providing Arvida with capacity to operate, develop and enhance its portfolio, including through potential further acquisitions. Arvida’s current dividend policy is to distribute 60-80% of underlying profit per annum, intended to be paid on a quarterly basis. The first dividend is scheduled to be payable for the quarter ending 31 March 2015 and total cash dividends anticipated to be declared in FY16 plus imputation credits are expected to deliver a gross dividend yield of 5.9% (assuming a dividend of 70% of underlying profit) on the Offer price. The Company’s Chief Executive Officer Bill McDonald says that it will be life as usual for Arvida’s resident and staff and after a period of integration, the group will advance work on a pipeline of development projects attached to existing villages. “The IPO provides the flexibility to undertake the development of more than 160 new units at existing villages and later consider earnings accretive acquisitions to expand the geographic spread of the group beyond our 17 foundation villages.” NZX Limited Chief Executive Officer Tim Bennett says “Today’s Arvida listing, the 16th we’ve had on the NZX this year, marks the conclusion of a stellar year for NZX”. “The initial public offer of Arvida further boosts the investment options available to investors in our capital markets, and its retirement industry focus adds to the other sectors represented in this year’s NZX listings, including technology, manufacturing, agriculture, energy, health and education businesses.” Arvida’s shares trade with the code ARV on the NZX Main Board. Forsyth Barr was the Arranger for the IPO. Ends Enquiries John Draper +64 21 581 234 Senescall Akers About Arvida Arvida Group Limited (Arvida), is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 17 villages across New Zealand comprising Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; and Bainlea and Bainswood, Rangiora. Arvida’s shares trade on the NZX Main Board under the code ARV.

Arvida completes $80 million IPO

Arvida Welcome Letter 18/12/2014 10:29:37 a.m.

Arvida Group Limited Suite 3.5 Axis Building 91 St Georges Bay Road Parnell Auckland 1052 New Zealand www.arvida.co.nz Dear Shareholder, On behalf of the Arvida Group Limited Board and management team, it is my pleasure to welcome you as a shareholder of Arvida. As an investor you will now have the opportunity to participate in a quality NZX listed, care focused retirement village and aged care business. Arvida currently comprises 952 aged care beds, 450 serviced apartments, 16 apartments and 346 villas, providing care services and accommodation to over 1,800 residents across 17 facilities, making it one of the larger industry participants. As set out in our Investment Statement, dated 17 November 2014, Arvida will pursue a growth strategy through a range of initiatives including the development of Arvida’s existing brownfield development opportunities, potential new acquisitions and, in time, greenfield development. Arvida has an experienced and capable Board and management team, led by CEO Bill McDonald who has more than 12 years’ experience in the retirement village and aged care sector. The Board and management team aim to maintain the identity and management expertise of individual villages, while creating a new corporate structure that benefits, motivates and supports residents, village managers and shareholders. Arvida’s Board is confident in the company’s ability to generate strong cash flows and pursue growth initiatives for all investors. Shareholder Communications The Board and management team are committed to keeping shareholders informed with timely, accurate and complete information. Arvida’s website www.arvida.co.nz is an excellent source of information about what is happening within the company and allows you to view all regular investor communications, news, and information on the latest operating and financial results. Enclosed is a statement of your initial shareholding. I would also encourage you to check and, if necessary, update your shareholder information online at www.investorcentre.com/nz. You will need your CSN and FIN to register on Investor Centre in order to view and update your shareholdings. Our current dividend policy is to distribute between 60% and 80% of underlying profit per annum, with the intention to pay dividends on a quarterly basis. Based on current earnings forecasts, Arvida intends to pay a first dividend of approximately $2.3 million in June 2015 for the financial quarter ended 31 March 2015. Arvida intends to attach imputation credits to the extent they are available. I look forward to sharing Arvida’s results up to 31 March 2015 with you in May, and seeing you at our first annual shareholder meeting next August. If you have elected to receive electronic communications when applying for shares you will receive an email with a link to the annual report rather than receiving a printed copy. Yours sincerely, Peter Wilson

Arvida welcome letter

SSH Notice - Arvida Group Limited 18/12/2014 10:29:11 a.m.

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Arvida Group Limited Date this disclosure made: 18 December 2014 Date on which substantial holding began: 18 December 2014 Substantial product holder(s) giving disclosure Full name(s): Arvida Group Limited Summary of substantial holding Class of quoted voting products: Ordinary shares Summary for: Arvida Group Limited For this disclosure,— (a) total number held in class: 142,110,104 (b) total in class: 226,320,631 (c) total percentage held in class: 62.791% Details of relevant interests Details for Arvida Group Limited Nature of relevant interest(s): Power to control the sale of shares pursuant to the terms of the Fourth Schedule of Arvida Group Limited’s Constitution (attached, 28 pages). For that relevant interest,— (a) number held in class: 142,110,104 (b) percentage held in class: 62.791% (c) current registered holder(s): The shareholders of Arvida Group Limited as listed in the attached schedule (d) registered holder(s) once transfers are registered: Not applicable. Details of transactions and events giving rise to substantial holding Details of the transactions or other events requiring disclosure: The shareholders of Arvida Group Limited listed in the Schedule are subject to the restrictions set out in the Fourth Schedule of Arvida Group Limited’s constitution pursuant to which those shareholders are restricted in their ability to dispose of certain Arvida Group Limited shares from the date those shares are first quoted on the NZX Main Board until 31 May 2016. Additional information Address(es) of substantial product holder(s): Suite 3.5, 91 St Georges Bay Road, Parnell, Auckland 1052, New Zealand Contact details: Jeremy Mark Nicoll, 09 9721183, jeremy.nicoll@arvida.co.nz. Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: none. Certification I, Jeremy Mark Nicoll (Chief Financial Officer of Arvida Group Limited) 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.

SSH Notice - Arvida Group Limited

Director and Senior Manager Disclosure Notices 18/12/2014 10:07:37 a.m.

Please see attached Director and Senior Manager Disclosure Notices for: - Jeremy Mark Nicoll - Duncan Alan Abernethy - William Adam McDonald - Peter David Wilson - Anthony Montgomery Beverley

Jeremy Mark Nicoll
Duncan Alan Abernethy
William Adam McDonald
Peter David Wilson
Anthony Montgomery Beverley

Notification of Allotment of Securities 18/12/2014 9:54:18 a.m.

Arvida Group Limited Suite 3.5 Axis Building 91 St Georges Bay Road Parnell Auckland 1052 New Zealand www.arvida.co.nz 18 December 2014 Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON By e-mail: announce@nzx.com NOTIFICATION OF ALLOTMENT OF SECURITIES For the purposes of Listing Rule 7.12.1, Arvida Group Limited advises the following securities have been issued on 17 December 2014: a Class of security Ordinary shares ISIN NZARVE0001S5 b Number issued 226,020,631 c Nominal value Not applicable Issue Price As to 84,210,527 shares issued to investors under the IPO (including the priority pool), for an issue price of $0.95 per share (payable in cash) As to 47,488,919 shares issued in respect of the reinvestment of shareholder advances, for an issue price of $1.00 per share (payable in cash) As to 94,321,185 issued to facility investors, for the acquisition of the facility investors’ shares and shareholder advances in certain companies as detailed in the Company’s registered prospectuses dated 15 September 2014 and 17 November 2014 d Payment terms Consideration due in full upon issue e Amount paid up Fully paid f Terms of securities Not applicable g Percentage of class of securities 99.867% (being 226,020,631 of 226,320,631 ordinary shares on issue post-allotment) h Reason for issue Issue of 84,210,527 ordinary shares pursuant to an initial public offer in respect of ordinary shares in the Company Issue of 141,810,104 ordinary shares to facility investors, as detailed in the Company’s registered prospectuses dated 15 September 2014 and 17 November 2014 i Authority for issue Board resolution and entitled persons’ approval dated 17 November 2014 and board resolution and entitled persons’ approval dated 17 December 2014 j Terms of issue Ordinary shares. 141,810,104 of the new ordinary shares are subject to escrow restrictions until 31 May 2016, as detailed further in the Company’s constitution k Number of securities in existence after issue 226,320,631 (comprising 142,110,104 ordinary shares subject to escrow restrictions detailed in the Company’s constitution and 84,210,527 ordinary shares to which the escrow restrictions do not apply) l Treasury stock Not applicable m Date of issue 17 December 2014 Yours faithfully Jeremy Nicoll Chief Financial Officer

Notification of Allotment of Securities

Listing and Quotation Notice: Arvida Group Limited (NS) 18/12/2014 9:47:44 a.m.

LISTING AND QUOTATION NOTICE: NZX MAIN BOARD ARVIDA GROUP LIMITED (NS) (“ARV”) ORDINARY SHARES Company: Arvida Group Limited (NS) Issuer Code: ARV ISIN: NZARVE0001S5 Short Name: Arvida Registered Office: Suite 3.5, 91 St Georges Bay Road, Parnell, Auckland 1052 Website: www.arvida.co.nz Telephone Number: +64 9 972 1180 Financial Year End: 31 March Nature of Business: Arvida has been established to own and operate retirement villages and aged care facilities. Sector: Services / Finance and Other Services Directors: Peter Wilson (Chair), Anthony Beverley and Michael Ambrose Details of Issue: An offer of $80 million to partially repay debt, fund a small amount of liquidity for Facility Investors and meet the costs of the Offer. The Offer comprises the Broker Firm Offer, the Priority Pool Offer and the Institutional Offer. There is no general public offer. Quoted Securities at Completion of Offer: 226,320,631 shares Minimum Subscription: 2,000 shares and multiples of 500 shares thereafter Offer Price: $0.95 per share Lead Manager, Organising Participant and Arranger: Forsyth Barr Limited Auditors: Ernst & Young Solicitors: Chapman Tripp Share Registrar: Computershare Investor Services Limited (“RMLT”) Settlement Status: NZCDC Settlement System Prospectus Dated: 17 November 2014 Broker Firm Offer and Priority Offer Opens: Thursday, 27 November 2014 Priority Pool Offer Closes: Monday, 8 December 2014 Broker Firm Offer Closes: Monday, 15 December 2014 Allotment Date: Wednesday, 17 December 2014 Commencement of Trading on the NZX Main Board: Thursday, 18 December 2014 Mailing of Shareholder Notices: By Monday, 22 December 2014 Tim Bennett Chief Executive Officer NZX Limited 18 December 2014

Listing and Quotation Notice: Arvida Group Limited (NS)

Arvida Group Limited (ARV) waiver from Rule 7.9 18/12/2014 9:24:44 a.m.

NZX Regulation Decision Arvida Group Limited (ARV) Application for a waiver from – NZX Main Board Listing Rule 7.9 18 December 2014 Background Decision 1.On the conditions set out in paragraph 2 below, NZX Regulation (“NZXR”) grants Arvida Group Limited (“ARV”) a waiver from NZX Main Board Listing Rule (“Rule”) 7.9 so that ARV is not required to enter into Security Agreements with the Existing Shareholders in relation to the Transfer Restrictions. 2.The waiver in paragraph 1 above is provided on the conditions that: a.The Transfer Restrictions are included in ARV’s constitution; and b.ARV advises NZX immediately if ARV becomes aware of a breach or likely breach of the Transfer Restrictions, and in consultation with NZX, takes such steps as NZX may require to enforce the Transfer or prevent or remedy a breach of the Transfer Restrictions. 3.The information on which this decision is based is set out in Appendix One to this decision. This waiver will not apply if that information is not or ceases to be full and accurate in all material respects. 4. The Rules to which this decision relates are set out in Appendix Two to this decision. Reasons 5.In coming to the decision to provide the waiver set out in paragraph 1 above, NZXR has considered that: a.The purpose of Rule 7.9.1 is to ensure that restrictions on disposal of effective ownership or control can be effectively enforced. b.The Transfer Restrictions will be contained in the Constitution and will therefore be enforceable by shareholders. c.The Transfer Restrictions will be disclosed in the Constitution and the Offer Documents and pursuant to Rule 11.1.5 NZX has approved the Transfer Restrictions. d.Any amendments to the Transfer Restrictions in the Constitution would be subject to the approval of NZX under Rules 6.1.1 and 6.1.2(a) and the condition set out in paragraph 2(b) will ensure that ARV is required to advise NZX if it becomes aware of a breach or likely breach and take steps required by NZX. Accordingly the requirements under Rule 7.9.2 will apply in relation to the Transfer Restrictions. e.ARV will bear a non-standard designation, which will alert potential investors to the Transfer Restrictions. Appendix One 1.Arvida Group Limited (“ARV”) is proposing to undertake an initial public offer (“IPO”) and list on the NZX Main Board, on or about 18 December 2014 (“Listing Date”). 2.ARV intends to acquire directly or indirectly the assets or shares of 17 retirement villages and aged care operators (the “Aggregation Transaction”). ARV will complete the Aggregation Transactions through a combination of sale and purchase agreements (where practicable for closely held facilities) or constitutional amendments (for widely held facilities). 3.Completion of the Aggregation Transaction is to occur simultaneously with Allotment under the IPO. 4.Arvida proposes to incorporate provisions in its constitution that will restrict the transfer of all of the shares in Arvida registered in the name of a shareholder: a.immediately before allotment under the IPO; or b.which are issued for the purposes an Aggregation Transaction; or c.which are described under the heading “Establishment Fee and share allocations to directors and senior managers” in the Company’s registered prospectus dated 15 September 2014 (together “Existing Shareholders”), until 30 May 2016 (“Transfer Restrictions”). For the avoidance of doubt, the Transfer Restrictions will not apply to shares which are acquired by a shareholder pursuant to, or following, the IPO. 5.ARV has applied for, and NZX has granted, approval under Rule 11.1.5, to allow the Fourth Schedule of ARV’s Constitution to contain the Transfer Restrictions. As a result of the inclusion of the Transfer Restrictions in ARV’s constitution, if ARV is accepted for listing, NZX will designate ARV as a non-standard Issuer pursuant to Rule 5.1.4 during the period within which the Transfer Restrictions are effective. 6.Rule 7.9 will apply to ARV because the shares subject to the Transfer Restrictions will be Vendor Securities for the purposes of Rule 1.6. ARV is required by Rule 7.7.1 to describe the Transfer Restrictions in the prospectus and investment statement for the IPO (“Offer Documents”). Appendix Two Rule 1.6.1 provides ... Vendor Securities means Equity Securities which are issued by an Issuer at or about the time of its Listing, or of the first Quotation of Securities of the same Class as those Securities, or which are issued with a view to such Listing or Quotation, and which are issued as consideration for (whether directly or indirectly), or in connection with: (a)the acquisition by the Issuer or any Subsidiary of the Issuer of any material property . (including without limitation any patent or intellectual property, or goodwill); or (b) services provided or to be provided to the Issuer or any Subsidiary of the Issuer (whether related to its formation, promotion, or Listing, or otherwise); and includes: (c)any Securities issued pursuant to a consolidation, subdivision, bonus issue, or similar arrangement in respect of Securities referred to above; and (d)any other Securities which NZX determines are Vendor Securities. Rule 7.7 provides: 7.9.1 If Vendor Securities are issued at or about the time of any issue or sale of Securities, or with a view to issue or sale of those Securities, the Offering Document in respect of those Securities shall state with reasonable prominence either: pursuant to Rule 7.7 or 7.8, that restrictions are to be imposed upon disposal of the effective ownership or control of any Securities then: (a)the restrictions which are to be imposed upon the disposal of the effective ownership and control of all or any of those Vendor Securities by the holders of those Vendor Securities (and if the holders are not to be the beneficial owners of those Vendor Securities, by the beneficial owners); or (b)that there are no restrictions of the nature referred to in (a). Rule 7.9.1 provides: 7.9.1 If an Offering Document states, pursuant to Rule 7.7 or 7.8, that restrictions are to be imposed upon disposal of the effective ownership or control of any Securities then: (a) the Issuer shall enter into an agreement (a “Security Agreement”) with the persons to whom those Securities are to be issued, and if those persons are not the beneficial owners of those Securities, those beneficial owners, and with such other persons (if any) as NZX may consider necessary in order to ensure that the restrictions on disposal of effective ownership or control of those Securities can be effectively enforced; and (b) that agreement shall be in such form as NZX may require, and shall prohibit the parties to it from taking steps which would cause the effective ownership or control of those Securities to be disposed of otherwise than in accordance with the restrictions specified in the Offering Document; and (c) where that agreement provides a discretion for lifting the imposed restrictions prior to the expiry of an agreed restriction period, the agreement shall stipulate that the exercise of this discretion requires the consent of non-interested Directors of the Issuer in addition to any other requirements. For this purpose, the term “interested” bears the meaning assigned to that term in section 139 of the Companies Act 1993, on the basis that if an Issuer is not a company registered under that Act, the reference to the “company” in that section shall be read as a reference to the Issuer.

Arvida Group Limited (ARV) waiver from NZX Main Board Listing Rule 7.9

ARVIDA GROUP
P +64 9 972 1180 | E info@arvida.co.nz
39 Market Place, Auckland 1010, New Zealand
PO Box 90217, Victoria Street West Auckland 1142, New Zealand