Specialist healthcare investor and operator, Abano Healthcare Group Limited, today confirmed the settlement of the sale of its aged care business, ElderCare, to The Macquarie Group for NZ $63.5 million.

Media Release
13 July 2005

ABANO ANNOUNCES SETTLEMENT OF ELDERCARE SALE

Specialist healthcare investor and operator, Abano Healthcare Group Limited, today
confirmed the settlement of the sale of its aged care business, ElderCare, to The
Macquarie Group for NZ $63.5 million.

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For more information, please contact:
Richard Keys
Chief Financial Officer
Abano Healthcare Group
Tel: 09 361-0352 or mob: 025 818 368