Integration of RVG Portfolio and Roll Out of Freedom Product

Our Portfolio Aveo manages 89 communities across the eastern seaboard and Adelaide Communities predominantly located in prime metropolitan locations Portfolio characterised by mature villages with 60 communities more than 20 years old, with established resident communities and a demonstrated resident turnover transaction history Aveo Community Locations Portfolio Snapshot¹ Units Communities ILUS³ SAS4 Existing Total Pipeline Total - Units Units Aged Care Pipeline Beds Total Units - Beds and Beds Aveo 84 7,059 2,479 9,538 5,177 14,715 184 642 15,541 Managed Group 2 Aveo Healthcare5 5 1,178 252 1,430 99 1,529 0 231 1,760 Total Aveo 89 8,237 2,731 10,968 5,276 16,244 184 873 17,301 3 Independent living units 4 Serviced apartments 1 This table should be read in conjunction with the tables displayed throughout the FY16 results presentation 2 Includes units from the Retirement Village Group (RVG) and Freedom (FAC) portfolio 5 Aveo Healthcare (AEH) is 86% owned by Aveo Lend Lease 14,295 Retirement Community Operators by Units Aveo 10,968 Stockland 9,462 Retire Australia 3,700 Ingenia 838 Other for- profit Not-for- 47,400 Market share ~24% ~36% ~40% Source: Retirement Living Council, Grant Thornton, 2014, National Overview of the Retirement Village Sector, Company Announcements 2015. 2 56,800 profit Daveo

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