Scheme of Arrangement Implemented

Arvida Group Limited (Arvida) advises that the scheme of arrangement (Scheme) with Stonepeak Alps BidCo Limited (Stonepeak) has become unconditional and has now been implemented. Accordingly, all shares in Arvida have been transferred to Stonepeak and Computershare has commenced making payments to holders of Arvida shares as at 5:00pm (New Zealand time) on the Record Date of 1 November 2024. Arvida shares will cease to be quoted on the NZX Main Board from close of business today. Arvida bonds (ARV010) will remain quoted on the NZX Debt Market. – Ends –