Chairman's Address to Shareholders and AGM Presentation

ASX / MEDIA RELEASE

11 November 2021

onlyAnnual General Meeting - Addresses of Chairman and Managing Director

Ingenia Communities Group (ASX: INA) releases the attached Chairman and Managing Director useaddresses for the Group's Annual General Meeting (AGM) which is being held today, Thursday 11th

November 2021 at 11:30am (AEDT).

The meeting will be held virtually and can be accessed via the link below. https://www.ingeniacommunities.com.au/2021-annual-general-meeting/

personalAbout Ingenia Communities Group

Authorised for lodgement by the Company Secretary, Natalie Kwok.

ENDS

For further information please contact:

Donna Byrne

General Manager Investor Relations & Sustainability

P	02 8263 0507
M	0401 711 542

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors market in Australia. The Group has 92 communities across Australia and is included in the S&P/ASX 200. The Group's market capitalisation is over $2.0 billion.

ForIngenia Communities Holdings Limited (ACN 154 444 925), Ingenia Communities Fund (ASRN 107 459 576) and Ingenia Communities Management Trust (ARSN 122 928 410). The Responsible Entity for each scheme is Ingenia Communities RE Limited (ACN 154 464 990) (AFSL415862).

Level 3, 88 Cumberland Street	P	1300 132 946	ingeniacommunities.com.au
The Rocks NSW 2000, Australia	E	[e-mail]

ASX / MEDIA RELEASE

11 November 2021

onlyIngenia Communities 2021 Annual General Meeting Chairman's Address

JIM HAZEL - CHAIRMAN useLadies and Gentlemen,

On behalf of the Board and management, I welcome you to Ingenia Communities Group's second virtual Annual General Meeting. While I had hoped we would be meeting in person this year, unfortunately that has not been possible.

personalBefore I introduce the resolutions before the meeting and speak about the Group's recent performance, I would like to reflect briefly on the last 12 months.

Since our first virtual meeting last year the challenges of the COVID-19 pandemic have persisted. As a Board we have continued to work with management and to oversee the Group's response, seeking to limit the impact on the business in the short term while remaining focussed on future opportunities.

Over the course of FY21 and through the first months of this financial year, our teams have been faced with the challenges of working remotely and have responded to the impact of changing government restrictions on our operations. Throughout this period they continued their focus on providing care and support to residents and ensuring the health and well-being of our communities. The Board and I are proud of the way the Ingenia team has risen to these challenges and would like to acknowledge their enormous contribution to the position of the business today.

ForWhile we are seeing an increasingly rapid wind back of restrictions as vaccination rates increase, what living with COVID-19 will look like remains unclear and is a challenge we face into the future.

With this backdrop in mind, I would like to turn to the Group's FY21 performance.

We entered FY21 with a strong balance sheet, a clear strategy and a purpose-driven culture, which allowed the business to respond to challenges and opportunities as they arose. With our holiday parks impacted by Government mandated closures at the start of FY21, it was pleasing to see momentum build in the business as restrictions eased.

Level 3, 88 Cumberland Street	P	1300 132 946	ingeniacommunities.com.au
The Rocks NSW 2000, Australia	E	[e-mail]

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The FY21 result benefitted from the stable rent base that has been built over many years, strategic onlyacquisitions which expanded the portfolio, and strong results from the holidays and development businesses

as restrictions eased.

A total of $215 million of acquisitions were completed over the year, adding 1,800 income producing sites and contributing to cash flow growth.

useRevenue was up 21% and EBIT increased 31% on FY20.

Reflecting the impact of additional securities on issue, underlying profit per security was up 7%, supporting an increase in distribution per security of 5%, to 10.5 cents.

We are cognisant of the importance of distribution growth to many of our security holders and will continue to personalbalance distributions with capital needs.

The security price grew from $4.43 on 1 July 2020 to $6.51 at the end of October. This growth contributed to outperformance against relevant indices over the one, three, five and ten-years to 30 September 2021.

We retained our focus on sustainable business growth over the year and I was very pleased to see that progress encapsulated in our first standalone Sustainability Report.

A major milestone was the establishment of a $75 million finance facility from the Clean Energy Finance Corporation (CEFC) in February 2021 and our commitment to achieving a carbon neutral operation in 2035 as well as a 30% reduction in our Scope 1 and 2 emissions over the next five years. Our solar and LED rollout and focus on achieving carbon neutral outcomes for new developments support this objective. While there is much more to do, we currently have some exciting initiatives underway across the business that support the

Forgoal of reducing our environmental footprint.

Our commitment to 'creating community' and providing high quality community-based living remains core to our purpose. The past year has again demonstrated the attractiveness of our communities to seniors, allowing them to be connected within their communities, despite social distancing and travel restrictions.

We were proud to once again be ranked No. 2 for women in executive leadership team roles in the 2021 Chief Executive Women Senior Executive Census, a pleasing acknowledgement of our ongoing commitment to gender equality across the business.

Level 3, 88 Cumberland Street	P	1300 132 946	ingeniacommunities.com.au
The Rocks NSW 2000, Australia	E	[e-mail]

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We remain focussed on the impact we have on our communities and their environments as we expand our onlyreporting and embed a focus on sustainability within the business.

Over the last year we have continued to build a leading presence in the lifestyle sector and have benefitted from our established position in a market that is experiencing strong competitor interest and growing investor and consumer focus.

useThe recent announcement of a further $550 million in secured acquisitions is evidence of the benefit we derive from a dedicated team, a well-known brand and a long established presence in this market. The Equity Raising announced on 1 November to partially fund these acquisitions allows all eligible investors to participate in this growth on equal terms.

On 1 November we also provided guidance for FY22. This guidance takes into account the material impact of personalgovernment restrictions on our holiday parks in New South Wales and Victoria, which have been constrained

in their operations for four months of this financial year, and is subject to no changes in market or operating conditions.

With an easing of travel restrictions we are seeing strong forward demand in our holiday parks business. We have a record number of deposits and contracts for new homes in place as well as a growing portfolio to upport FY22 returns.

The resilience of the business through unprecedented conditions has been demonstrated over FY21 and our strategy remains intact. We are seeing support for the desire to downsize through rising home prices, movement out of cities to coastal and regional areas and the attractive lifestyle our communities provide. Our holiday parks are benefitting, as our target markets remain attracted to low-risk domestic travel. The expansion of our portfolio ensures we are well placed to cater to these needs.

ForOur management team, led by Simon Owen, is continuing to execute on our strategy and as always to prioritise the health and safety of our residents, guests, and team. Simon will speak more about our performance and outlook shortly.

Turning now to the resolutions for today's meeting.

Resolutions 3.1 and 3.2 relate to the election of directors.

Level 3, 88 Cumberland Street	P	1300 132 946	ingeniacommunities.com.au
The Rocks NSW 2000, Australia	E	[e-mail]

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As our strategy has progressed and the business has grown, the Board has evolved to ensure that it meets onlythe current, and future, needs of the Group. This will continue.

In accordance with the requirements of the Company's Constitution I will be seeking re-election today. When that proposal is tabled I will step aside as the Chairman of the Meeting and will welcome the Deputy Chairman to chair at that time.

useIn December 2020 Sally Evans was appointed to the Board. Sally is seeking endorsement of her appointment today.

Both Sally and I are seeking election with the unanimous support of the Board and you will have the opportunity to hear from us both later in the meeting.

personalItems 2 and 4 relate to remuneration.

The Board recognises the importance of aligning remuneration outcomes to business performance and long- term value creation for security holders and consider the remuneration outcomes outlined in this year's Remuneration Report appropriately represent both business performance and stakeholder experience. The remuneration framework in the resolutions before you today reflects this ongoing focus and the proposed changes support this goal. As a Board we will continue to monitor our framework to ensure it meets the business' needs and aligns with stakeholder expectations.

In closing I would like to assure all security holders of our commitment to navigating the challenges of the resent while maintaining a focus on future prosperity.

Before I move to Simon's address, I would like to thank my fellow directors for their dedication and Forcommitment over the past year and all investors for their support.

I will now hand over to Simon Owen, your CEO and Managing Director, for his update.

ENDS

Level 3, 88 Cumberland Street	P	1300 132 946	ingeniacommunities.com.au
The Rocks NSW 2000, Australia	E	[e-mail]