Announcement

HALFYR: MET: Metlifecare Announces Half Year Results 09:17am 
MET
28/02/2014 09:17
HALFYR

REL: 0917 HRS Metlifecare Limited

HALFYR: MET: Metlifecare Announces Half Year Results

Metlifecare Limited
Unaudited results for announcement to the market

Reporting Period: Half Year Ended 31 December 2013
Previous Reporting Period: Half Year Ended 31 December 2012

Revenue from ordinary activities -
Amount(000s): $NZ 46,156 Percentage change: 6.10%

Change in fair value of investment properties -
Amount (000s): $NZ 25,503 Percentage change: (9.79%)

Share of profit arising from joint venture, net of tax -
Amount (000s): $NZ 275 Percentage change: 34.15%

Total revenue -
Amount (000s): $NZ 71,934 Percentage change: (46.95%) footnote 1

Profit (loss) from ordinary activities after tax -
Amount (000s): $NZ 26,832 Percentage change: (69.20%) footnote 1

Final Dividend -
Amount per security: $0.0125
Imputed amount per security: N/A

Record Date: 3 April 2014
Dividend Payment Date: 17 April 2014

Dividend Reinvestment Plan (DRP): Applies at 2.5% discount

Notice Date for DRP Elections: 3 April 2014

Net tangible assets per security -
31 December 2013 NZD: $3.57
31 December 2012 NZD: $3.36

Details of Metlifecare Palmerston North Limited joint venture shareholders -
31 December 2013:
Metlifecare Limited 50%
The New Zealand Guardian Trust Company Limited 50%

31 December 2012:
Metlifecare Limtied 50%
The New Zealand Guardian Trust Company Limited 50%

Comments: Please refer to the attachments.

Footnote 1
The prior half year revenue and profit & loss figures include several one-off
items, including the gain on acquisition of $63.6 million from the
acquisition of Vision Senior Living Limited and Private Life Care Holdings
Limited.
End CA:00247619 For:MET Type:HALFYR Time:2014-02-28 09:17:21

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