Aware Super – Increased interest in Keyton

MN-70030

Aware Super Pty Limited as trustee of Aware Super (Aware) proposes to acquire an additional 25.1% of the issued units and issued shares in Keyton Trust and Keyton Holding Pty Limited respectively (together, Keyton) (the Acquisition). These units and shares are currently held by Lendlease Capital Services RL Ltd as trustee of the Lendlease Capital Services RL Holding Trust and Lendlease Capital Services Pty Ltd respectively. Aware currently holds 49.9% of the units and shares in Keyton. Upon completion of the Acquisition, Aware would hold 75% of the units and shares. AMAL Trustees Limited as trustee of the Viventi Investments Holding Trust (APG) is retaining its 25% interest in the units and shares in Keyton. Aware is an Australian profit-for-members superannuation fund with approximately 1.3 million members and $245 billion in funds under management. As an institutional investor, the fund manages a diversified global portfolio spanning equities, infrastructure, private equity and real estate. Aware's interests include a 100% stake in Oak Tree Holdings Pty Ltd (Oak Tree), an owner, developer and operator of retirement village accommodation. Keyton is an owner, developer and operator of retirement village accommodation across Australia. Keyton operates more than 65 retirement villages across the ACT, NSW, Queensland, South Australia and Victoria, housing more than 15,000 residents. Both Oak Tree and Keyton are active in the ownership, development, and operation of retirement villages in the following local areas: * The Southern Highlands, NSW * Newcastle and the Hunter Valley, NSW * Southwest Brisbane, QLD * The Sunshine Coast, QLD.