Notice of Opposition Withdrawn

MEDIA RELEASE 19 OCTOBER 2020 SCHEME UPDATE - NOTICE OF OPPOSITION WITHDRAWN Metlifecare Limited (NZX: MET, ASX: MEQ) has been advised that ResIL Investments Limited (ResIL), the Metlifecare shareholder who lodged a Notice of Opposition to the Scheme of Arrangement (Scheme) with Asia Pacific Village Group Limited (APVG), has withdrawn its opposition, effective immediately. Metlifecare and APVG have agreed with ResIL not to seek recovery of their costs from ResIL or its sole director Mr Craig Priscott. The Takeovers Panel has also now issued its 'no objection' statement. The High Court hearing on the final orders sought in respect of the Scheme is scheduled to take place on Tuesday 20 October at 10:00am. This announcement is authorised for release to the market by the Company Secretary. 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. End CA:00361703 For:MET Type:TRANSACT Time:2020-10-19 16:04:19