Aveo : FY16 Results Video Presentation

On 17 August 2016, Aveo Group released its FY16 financial results.

Some of the outstanding achievements detailed in the FY16 results announcement include:

• Statutory profit after tax doubled to $116.0 million;

• Underlying profit increased to $89.0 million, resulting in a 63% increase on FY15;

• Return on Retirement Assets increased to 6.3%;

• Distributions lifted 60% to 8.0 cents per security;

• Net tangible assets per security of $3.00, up 5%;

• Acquisition of minority interest in RVG provides Aveo full operational and strategic control over more than 3,400 units across Sydney and Melbourne; and

• On track to meet FY17 and FY18 EPS growth targets of 7.6% and 7.5% respectively.

To watch Chief Executive Officer, Geoff Grady and Chief Financial Officer, David Hunt discuss the FY16 result, please click here.

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T +61 2 9270 6104 |

E david.hunt@aveo.com.au

"We will grow with older Australians by inspiring greater living choices."

Aveo is a leading and trusted owner, operator and manager of retirement communities across Australia. Aveo's philosophy is underpinned by a commitment to grow with older Australians by inspiring greater living choices. We currently do so for 13,000 residents in 89 retirement villages across Australia. Aveo also manages and develops a diversified $456 million property portfolio. Over 30 years, Aveo's portfolio has grown to one that encompasses retirement, residential, commercial, industrial and mixed-use property assets. Together these communities define how hundreds of thousands of people in Australia live, work, retire and invest.

Issued by Aveo Group (ASX:AOG) comprising Aveo Group Limited ABN 28 010 729 950 and Aveo Funds Management Limited ABN 17 089 800 082, AFSL No.

222273 as Responsible Entity for the Aveo Group Trust ARSN 099 648 754. Page 1 of 1

aveo.com.au