We refer to our announcements dated 30 September 2019, 25 October 2019, 1 November 2019, 6 November 2019, 13 November 2019, 29 November 2019, 2 December 2019 and 15 January 2020 in relation to the privatisation scheme of Aveo Group (“Aveo”) and the ratification which was obtained from the shareholders of MIB at the extraordinary general meeting held on 15 January 2020.

We wish to announce that the entities managed by Brookfield Asset Management Inc. (“Brookfield”), AOG Limited Partnership (“AOG L.P.”) and Hydra RL MEP Pty Ltd have on 25 June 2025, entered into a Share Sale and Purchase Agreement (“Agreement”) with Retirement Living Core Fund HoldCo Pty Ltd (ACN 687 509 226) (“Purchaser”) for the proposed disposal of their entire interests in Hydra RL TopCo Pty Ltd (ACN 635 012 323) (“TopCo”), which indirectly owns all the securities of Aveo, to the Purchaser for a total gross consideration of A$3.85 billion (“Sale Consideration”) [hereinafter referred to as “Aveo Disposal”].

The Brookfield-managed entities entering into the Agreement are BSREP III Australia Sub L.P., BSREP III Hydra Bermuda Sub Brookfield L.P., BSREP III Hydra Bermuda Sub L.P. and BSREP III Hydra Bermuda Sub-B L.P. (“the securityholders of Brookfield”).

Mulpha Investments (BVI) Limited (formerly known as Rosetec Investments Limited) (“MIL”), a wholly-owned subsidiary of MIB, has a limited partnership interest of 100% in AOG L.P. and effectively holds an indirect interest of 15.8% in TopCo, which indirectly owns all the securities of Aveo.

Based on an estimated computation, AOG L.P. is expected to receive gross proceeds of approximately A$339.3 million (equivalent to approximately RM933.7 million) upon the completion of the Proposed Divestment.

Kindly refer to the attached document for the complete announcement. 

This announcement is dated 26 June 2025.