Ann: DIRECTOR: ARV: Arvida adds two independent directors to its Board

• Release Date: 07/05/15 13:06
• Summary: DIRECTOR: ARV: Arvida adds two independent directors to its Board
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					ARV
07/05/2015 13:06
DIRECTOR
NOT PRICE SENSITIVE
REL: 1306 HRS Arvida Group Limited (NS)

DIRECTOR: ARV: Arvida adds two independent directors to its Board

Arvida Group ("Arvida") is pleased to announce the appointment of Susan
Paterson and Paul Ridley-Smith as independent directors. This completes the
board appointment process and brings the number of directors to five, of
which four are independent.

Susan has many years' Board experience and was recently appointed as an
Officer of the New Zealand Order of Merit for her services to corporate
governance. She holds a number of directorships, including Abano Healthcare
Group, Goodman NZ, Les Mills NZ and Housing New Zealand. Susan is also the
Chair of Airways Corporation of NZ and Theta Systems. She has owned her own
pharmacy business and has previously been a director of Tower Health and
Life, Ports of Auckland Ltd, Auckland Regional Holdings and Transpower New
Zealand. Susan holds an MBA from London Business School and a BPharm from
Otago University.

Paul was most recently General Counsel at Contact Energy and prior to that
was a senior executive in the Morrison & Co and Infratil group. His previous
directorships include Wellington International Airport, Liquigas, iSite Media
and Wallace Corporation. Paul was also a member of the NZ Markets
Disciplinary Tribunal for six years. He is currently a trustee of the New
Zealand Festival and the Wallace Arts Trust. He holds an LLB from Victoria
University and an MBA from Columbia University.

Chairman of Arvida, Peter Wilson, said "Since the successful Initial Public
Offering, the original directors have undertaken a search to complete the
board. We are very pleased to welcome Susan and Paul to the board. Their
strong governance experience and complimentary skill sets will benefit Arvida
as it ensures the wellbeing of its residents and as it pursues its
integration and growth strategies."

Susan and Paul have been appointed to the Arvida Board by the current Arvida
directors, as permitted under Arvida's constitution. In accordance with NZX
Listing Rule 3.3.6, Susan and Paul will retire as directors of Arvida at the
next annual meeting, but they will be eligible for election at that meeting.
The Board has determined that Susan and Paul are independent directors, for
the purposes of NZX Listing Rule 3.3.2.

Arvida also advises that it will release its Annual results for the period
ended 31 March 2015 on Thursday 28 May 2015.

- ENDS -
End CA:00264055 For:ARV    Type:DIRECTOR   Time:2015-05-07 13:06:07