Investor Presentaiton

Important notice and disclaimer No representation is made by Lifestyle Communities, the underwriter and their respective advisors, affiliates, related bodies corporate, directors, officers, partners, employees and agents ("Extended Parties") as to the correctness of the forward-looking statements on or after the date of this Presentation. Forward-looking statements constitute "forward-looking statements" for the purposes of the United States Private Securities Litigation Reform Act of 1995. Lifestyle Communities does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this Presentation to reflect the occurrence of unanticipated events. To the maximum extent permitted by law, Lifestyle Communities, the underwriter and each of their respective Extended Parties disclaim any responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise. To the maximum extent permitted by law, each of Lifestyle Communities and the underwriter and their respective Extended Parties disclaim any responsibility to update or revise any forward-looking statement to reflect any change in Lifestyle Communities' financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except as required by Australian law. UNITED STATES RESTRICTIONS This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States or to any person that is acting for the account or benefit of any person in the United States (to the extent such person is acting for the account or benefit of a person in the United States), or in any other jurisdiction in which such an offer would be illegal. Neither the entitlements nor the New Shares have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the entitlements may not be purchased, traded, taken up or exercised by, and the New Shares may not be offered or sold, directly or indirectly, to any person in the United States or to any person that is acting for the account or benefit of a person in the United States (to the extent such person is acting for the account or benefit of a person in the United States), except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws of any state or jurisdiction of the United States. The distribution of this document may be restricted by law in certain other countries. You should read the important information set out in the section entitled "International Offer Restrictions". DETERMINATION OF ELIGIBILITY Investors acknowledge and agree that the eligibility of investors for the purposes of the Institutional Entitlement Offer or the Retail Entitlement Offer is determined by reference to a number of matters, including legal and regulatory requirements, logistical and registry constraints and the discretion of Lifestyle Communities and/or the underwriter. Each of Lifestyle Communities, the underwriter and each of their respective Extended Parties disclaim any duty or liability (including for negligence) in respect of that determination and the exercise or otherwise of that discretion, to the maximum extent permitted by law. The underwriter may rely on information provided by or on behalf of institutional investors in connection with managing, conducting and underwriting the Entitlement Offer without having independently verified that information and the underwriter does not assume responsibility for the currency, accuracy, reliability or completeness of that information. INFORMATION AND LIABILITY None of the underwriter, nor its Extended Parties, nor the advisors to Lifestyle Communities, have authorised, permitted or caused the issue, lodgement, submission, dispatch or provision of this Presentation and do not make or purport to make any statement in this Presentation and there is no statement in this Presentation that is based on any statement by any of those parties. To the maximum extent permitted by law, Lifestyle Communities, the underwriter and their respective Extended Parties: • exclude and disclaim all liability (including without limitation for negligence) in respect of and make no representations or warranties regarding, and take no responsibility for, any part of this Presentation; and make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of information in this Presentation. The underwriter, together with its Extended Parties, is a full service financial institution engaged in various activities, which may include trading, financing, financial advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non-financial activities and services including for which it has received or may receive customary fees and expenses. The underwriter and/or its Extended Parties are acting as lead manager, bookrunner and underwriter of both the Institutional Entitlement Offer and Retail Entitlement Offer. The underwriter is acting for and providing services to Lifestyle Communities in relation to the Entitlement Offer and will not be acting for or providing services to Lifestyle Communities shareholders. The underwriter has been engaged solely as an independent contractor and is acting solely in a contractual relationship on an arm's length basis with Lifestyle Communities. The engagement of the lead manager and underwriter by Lifestyle Communities is not intended to create any fiduciary obligations, agency or other relationship between the underwriter and Lifestyle Communities' shareholders, creditors or potential investors. The underwriter, in conjunction with its Extended Parties, is acting in the capacity as such in relation to the offering and will receive fees and expenses for acting in this capacity. In connection with the Entitlement Offer or bookbuilds, one or more investors may elect to acquire an economic interest in the New Shares ("Economic Interest"), instead of subscribing for or acquiring the legal or beneficial interest in those shares. The underwriter (or its respective Extended Parties) may, for its own account, write derivative transactions with those investors relating to the New Shares to provide the Economic Interest, or otherwise acquire shares in Lifestyle Communities in connection with the writing of those derivative transactions in the Entitlement Offer and/or the secondary market. As a result of those transactions, the underwriter (or its respective Extended Parties) may be allocated, subscribe for or acquire New Shares or shares of Lifestyle Communities in the Entitlement Offer, the bookbuild and/or the secondary market, including to hedge those derivative transactions, as well as hold long or short positions in those shares. These transactions may, together with other shares in Lifestyle Communities acquired by the underwriter (or its respective Extended Parties) in connection with its ordinary course sales and trading, principal investing and other activities, result in the underwriter (or its respective Extended Parties) disclosing a substantial holding and earning fees. DISCLAIMER No person is authorised to give any information or make any representation in connection with the Entitlement Offer which is not contained in this Presentation. Any information or representation not contained in this Presentation may not be relied on as having been authorised by Lifestyle Communities in connection with the Entitlement Offer. The underwriter and its respective Extended Parties take no responsibility for any information in this Presentation or any action taken by you on the basis of such information. To the maximum extent permitted by law, Lifestyle Communities, the underwriter and its respective Extended Parties exclude and disclaim all liability (including without limitation liability for negligence) for any expenses, losses, damages or costs incurred by you as a result of your participation in or failure to participate in the Entitlement Offer or the information in this Presentation being inaccurate or incomplete in any way for any reason. The underwriter and its respective Extended Parties take no responsibility for the Entitlement Offer and make no recommendation as to whether you or your related parties should participate in the Entitlement Offer nor do they make any representations or warranties to you concerning this Entitlement Offer or any such information, and you represent, warrant and agree that you have not relied on any statements made by the underwriter or any of its Extended Parties in relation to the New Shares or the Entitlement Offer generally and you further expressly disclaim that you are in a fiduciary relationship with any of them. Lifestyle Communities - Equity Raising Presentation - February 2024 3