Avjennings : Appointment of Director - Mr Philip Kearns Opens in a new Window

21 March 2019

ASX RELEASE

AVJENNINGS LIMITED

(ASX: AVJ)

APPOINTMENT OF DIRECTOR

AVJennings Limited (ASX: AVJ) is pleased to announce the appointment of Mr Philip Kearns as a Non-Executive Director of the Company with effect from 21 March 2019.

Mr Kearns is the Managing Director and CEO of InterRISK Australia Pty Ltd, a division of ASX listed AUB Group. He has over fifteen years' experience leading financial services organisations where he led significant cultural change and was instrumental in building a client base and introducing investors to innovative opportunities, including in the property sector.

Mr Kearns was appointed a member of the Order of Australia in 2017 for significant service to the community through support for charitable organisations, to business, and to rugby union at the elite level. He played 67 tests for the Australia national rugby union team, Wallabies (1989-1999) and captained the team ten times.

AVJ Chairman Mr Simon Cheong said: "The Board is absolutely delighted to have a person of the calibre and profile of Phil Kearns join our Board. Phil's wide business experience, energy and enthusiasm will complement the Board's existing mix of experience and skills".

Mr Kearns replied: "It is a great pleasure to join the Board of AVJennings. The company has a long and proud history of creating communities for Australians. I join at a time of change in the residential property sector, but I am confident of a bright future for both the industry and the company. The fundamentals underpinning future success, such as continued population growth, low interest rates and a stable employment and economic environment, all remain in place and give me comfort that my confidence is well placed."

Media: David Lowden

Head of Corporate Communications Ph: [phone]

Investor Relations: Carl Thompson Company Secretary Ph: [phone]

Andrew Keys

Keys Thomas Associates Ph: [phone]