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AMP Capital exits joint venture with Meridien Retirement Living

05 Oct 2010
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AMP Capital Investors today announced it has exited its joint venture with Meridien Retirement Living.

The joint venture AMP Capital Meridien, established in 2007, comprised 25 retirement villages in
Australia.

AMP Capital has undertaken a strategic review of its retirement assets over the last 18 months. Following
a difference in strategic direction, both parties agreed to end the joint venture.

At the same time Meridien has recapitalised the business with JP Morgan providing $100 million of
funding. The terms of this transaction are confidential.

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