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Ingenia, Strategic Partnership and Placement Presentation

Executive Summary


Ingenia has entered into a Strategic Partnership with Sun Communities (NYSE:SUI) – a leading owner, operator and developer of Manufactured Housing and Recreational Vehicle (lifestyle and holiday) communities

• Through a Strategic Partnership, managed by Ingenia, Sun and Ingenia will jointly develop greenfield lifestyle communities – development opportunities currently owned by Ingenia will remain wholly owned by Ingenia

• Ingenia will make a Placement of 23,176,816 securities to Sun at $3.2172 per security (an 8.75% premium to 30 day VWAP at 5 November 2018) – Sun to own 9.99% of Ingenia securities on completion of Placement

• Placement funds will be deployed to acquire two established communities, accelerate rollout of new rental and holiday cabins, and fund Ingenia’s investment in the Strategic Partnership

• Ingenia will gain access to Sun’s considerable experience, built over 40 years, as a leader in the highly competitive North American market

• Sun’s Chairman and CEO, Gary Shiffman, will be appointed to the Ingenia Board

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