YES/NO/NO VOTEScheme meetings to be held on 6 November 2019The...

YES/NO/NO VOTE

• Scheme meetings to be held on 6 November 2019
• The Aveo Board recommends you vote IN FAVOUR of the Schemes based on the Cash Consideration
• The Independent Expert has concluded that the Schemes are in the best interests of Aveo Group securityholders based on the Cash Consideration
• Your vote is important - online proxy vote lodgement links provided below for your convenience

Dear Securityholder,

On 14 August 2019, Aveo announced that it had entered into a Scheme Implementation Deed with BidCo and TopCo, entities controlled by Brookfield Group, under which Brookfield would acquire Aveo Group by way of a Scheme of Arrangement and a Trust Scheme.

A copy of the Scheme Booklet can be viewed here, and contains important information in relation to your vote. Securityholders can also visit www.aveogroupscheme.com.au for information in relation to the Schemes.

Aveo's Directors and the Independent Board Committee (IBC) have carefully considered the advantages and disadvantages of the Schemes and based on the Cash Consideration, the full Aveo Board unanimously recommends that Aveo securityholders vote in favour of the Schemes in the absence of a Superior Proposal and subject to the Independent Expert continuing to conclude that the Schemes are in the best interests of Aveo Securityholders. The Aveo Directors’ recommendation follows a Strategic Review and careful consideration by the IBC.

How to lodge your proxy vote online - Scheme Meeting and Trust Scheme Meeting

For your convenience, you are able to lodge your proxy votes online by clicking on the link(s) below and following the prompts:

Scheme Meetings - Link to lodge your proxy vote

Proxy vote forms must be received by 3.00 pm (Sydney Time) on 4 November 2019 for the Scheme Meetings.

If you have any questions about the Schemes or any other matter in the Scheme Booklet, you should contact the Aveo Securityholder Information Line 1300 658 814 (within Australia) or +61 3 9415 4316 (outside Australia), between 8.30am and 5.00pm (Sydney time), Monday to Friday or consult your legal, financial, tax or other professional adviser.

We thank securityholders for their support and look forward to seeing those of you who can attend the Scheme Meetings.

Yours sincerely

Walter McDonald
Chairman of Independent Board Committee
Aveo Group Limited