Shareholding Update

13 November 2025
Third Age Health Announces Shareholding Update

Third Age Health (NZX: TAH) advises that its Founder & Director, Bevan Walsh, has arranged to transfer legal
title to 1,734,853 ordinary shares in TAH (representing approximately 17% of the total TAH shares on issue)
(the Transfer Shares) to Lenore Bauer as part of their agreed relationship property settlement.
Once completed, the transfer of the Transfer Shares will replace and extinguish Lenore’s existing beneficial
interest in 1,514,972 TAH shares which are legally held by Bevan (an interest which has previously been
disclosed in each of TAH’s annual reports).

The transfer of shares as part of the settlement of the relationship property matters between Bevan and
Lenore was also foreshadowed in disclosures made in the company’s NZX Listing Profile (11 February 2021,
note 1, page 20, under the section “Substantial Shareholdings”), which anticipated the possibility of a future
reorganisation of their shareholdings.

Bevan will also have a beneficial interest in 149,317 shares (being 1.5% of the total TAH shares currently on
issue) pursuant to a conditional option agreed between Bevan and Lenore as part of their settlement
arrangement.

Bevan Walsh commented: “This share transfer reflects the completion of a long-standing interim personal
agreement between Lenore and me. I remain fully supportive of the Board and TAH management team. I am
confident in the company’s continued ability to deliver for its Customers and Shareholders.”

Lenore commented: “I am encouraged by the most recent performance of the business, and look forward to
the next chapter. I remain supportive of Bevan and the TAH Board for the company’s continued growth.”

Disclosure notices for each of Bevan and Lenore will be filed on the NZX upon completion of the transfer of the
Transfer Shares.

Authorised for issue by:
John Fernandes
Executive Chairman, Third Age Health Limited
johnf@thirdagehealth.co.nz


About Third Age Health
Third Age Health is New Zealand’s only specialised provider of general practice health care services for older people living in retirement
villages, private hospitals, secure dementia units as well as in communities across New Zealand. A dedicated Third Age Health clinical team
provides onsite clinics, rostered rounds and after hours on-call healthcare services aimed at supporting the health and wellbeing of older
people to improve quality of life. As well as providing clinical services for over 120 aged care facilities throughout New Zealand, Third Age
Health owns several general practices providing quality primary healthcare to people of all ages.
www.thirdagehealth.co.nz