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re: *** co-operation agreements signed with strate Co-operation Agreements Signed with Strategic Partners

1 November 2004
ASX Announcement

Co-operation Agreements Signed with Strategic Partners

In previous communication to the market and to shareholders, MXA have outlined the business plan that defines how the company intends to build a strong business in the retirement living market.
The Board of Maxe-tec (MXA) have now completed negotiations with commercial
partners and signed Heads of Agreement and a detailed co-operation agreement as a foundation for the new business plan. These agreements provide MXA with alliances that provide specialist resources and the experience that is necessary for the growth of
the business in this exciting growth market.
It is our intention to build a successful business as a manager and operator of retirement living properties. We will drive growth by bringing new villages on-line, expanding existing villages, assuming management of villages from other operators and
through professional and caring management of the villages. The new alliances and partnerships that we have forged with experienced industry players provide a catalyst
to sustain a strong rate of growth.
The capabilities of the business have been expanded to provide a full spectrum of services ranging from new village site acquisition to development, marketing and finance. MXA now have capabilities in the rental unit market as well as the "lease-buy"
DMF (Deferred Management Fee) village market. This broader product base enables us to provide a mix of retirement living solutions across varied socio-economic customer
segments. Heads of agreement have been signed with Aged Care Properties Limited, Retirement
Property Solutions, GDK/Peridon and The Nexxt Group. Additionally, all parties have signed a Co-operation Agreement that defines the relationship between the parties with
the clear intent of building the village management base within MXA. Aged Care Properties Limited (ACPL) will be identifying and developing new retirement
village sites and (once complete) passing the management rights for the village to MXA.