Metlifecare Limited (“MET”) – Trading Halt of Securities

Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 27 December 2019 Subject: Metlifecare Limited ("MET") - Trading Halt of Securities Message: NZX Regulation ("NZXR") advises that, at the request of the company, the trading halt on Metlifecare Limited ("MET") ordinary shares will remain in place. The trading halt was placed at pre market open on Monday, 23 December 2019. Metlifecare has finalised negotiations on a scheme implementation agreement ("SIA") with a third party to acquire Metlifecare for NZ$7.00 per share, and the third party has completed due diligence. The third party's final approval process is due to occur over weekend of 28-29 December and formal approval for execution of the SIA will be considered at that time. Accordingly, there can be no assurance that the negotiated transaction will proceed and/or that the SIA is entered into, and any SIA will be subject to usual conditions. The trading halt will remain in place, until the earlier of: o An announcement by MET in relation to the transaction; or o 12:00pm on Monday 30 December 2019. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00346583 For:MET Type:HALT Time:2019-12-27 09:08:17