• Conditional, non-binding proposals from Ho Bee Land and AVID to acquire AVJennings
• Exclusivity period has expired, but discussions continue as due diligence progresses
• No certainty that either proposal will result in a binding offer or transaction

AVJennings Limited (ASX: AVJ) has provided an update on the conditional, non-binding and indicative proposals from Ho Bee Land Limited and Proprium Capital Partners (Australia) Pty and AVID Property Group through its investment vehicle PM Nominees C Pty Ltd (AVID) to acquire all of the shares in AVJennings. While the exclusivity period has now expired for both proposals, AVJennings remains in active discussions with both Ho Bee Land and AVID as they each continue to conduct due diligence to pursue a binding proposal. AVJennings shareholders do not need to take any action in relation to the proposals at this time. The company has stated that there is no certainty that either the AVID Proposal or Ho Bee Land Proposal will result in a binding offer or that any transaction will eventuate. AVJennings will continue to keep the market informed of any material developments in relation to the proposals in accordance with its continuous disclosure obligations.