Scheme Timing Update

MEDIA RELEASE 14 OCTOBER 2020 SCHEME TIMING UPDATE Metlifecare Limited (NZX: MET, ASX: MEQ) has today been advised that the High Court hearing to seek final orders in respect of the Scheme of Arrangement (Scheme) with Asia Pacific Village Group Limited (APVG) has been deferred from the scheduled date of Thursday 15 October 2020 until 10am on Tuesday 20 October 2020. The deferral is a consequence of the Takeovers Panel delaying its decision on whether to issue a 'no objection' statement in respect of the Scheme until Monday 19 October 2020. The deferrals have been caused by the lodgement of a Notice of Opposition to the Scheme by a Metlifecare shareholder1 and will result in a consequential delay to the Scheme timetable. In the event that final Court orders are granted in the middle of next week, the implementation date would consequentially be 3 November 2020. Ends For more information please contact: Clive Mathieson clive@catoandclive.com Mobile: +61 411 888 425 About Metlifecare Metlifecare is a leading New Zealand owner and operator of retirement villages, providing rewarding lifestyles and outstanding care to more than 5,600 New Zealanders. Established in 1984, it currently owns and operates a portfolio of 25 villages in areas with strong local economies, supportive demographics and high median house prices, located predominantly in New Zealand's upper North Island. 1 ResIL Investments Limited, that currently holds 1,000 shares and $7,000 bonds acquired on 3 September 2020. End CA:00361485 For:MET Type:TRANSACT Time:2020-10-14 16:53:25