Warburg Pincus Further Revised Indicative Proposal Update

• Ingenia and Warburg Pincus negotiating process deed
• Due diligence access granted to Warburg Pincus
• Proposal not yet a Bidder Superior Proposal

Ingenia Communities Group (ASX:INA) and Warburg Pincus are continuing negotiations on a process deed as part of the Further Revised Indicative Proposal for Warburg Pincus to acquire Ingenia. The proposal, which offers $5.25 cash per stapled security, is not yet a Bidder Superior Proposal. Ingenia has granted Warburg Pincus comprehensive due diligence access. Ingenia is also working towards the implementation of its acquisition of Peet, as per the Scheme Implementation Deed with Peet Limited.