Voting results – Annual Meeting of Vital unitholders

21 December 2018

Voting results – Annual Meeting of Vital unitholders
NorthWest Healthcare Properties Management Limited (NWM), the Manager of Vital Healthcare Property Trust,
reports the following results from voting at the Annual Meeting of Vital unitholders in Auckland on 20 December
2018. All votes were conducted by poll.

Resolution – Graham Stuart re-elected as an Independent Director
The election of an Independent Director was resolved in favour of Graham Stuart, who had been appointed to
the Board in November 2018 and, in accordance with Vital’s Trust Deed, stood for re-election. Graham Stuart
received 184,312,438 (67.4%) votes in his favour, which exceeded the 89,023,333 (32.6%) votes cast in favour
of Paul Mead. Graham Stuart, having received the greatest number of votes in his favour, was duly elected.
The Manager confirms that Claire Higgins, Andrew Evans and Graham Stuart are considered to be Independent
Directors under the NZX Listing Rules. David Carr, Chief Executive Officer and currently an Executive Director,
will step down from the Board effective immediately.

Non-binding Proposals
Non-binding proposals passed:
Proposal 1: relating to the election or removal of Independent Directors
For: 137,113,960 (53.9%) Against: 117,412,541 (46.1%)
Proposal 2: relating to management fees
For: 137,904,997 (54.2%) Against: 116,647,180 (45.8%)
Proposal 3: also relating to management fees
For: 128,475,755 (50.5%) Against: 126,067,548 (49.5%)

Non-binding proposals defeated:
Proposal 4: relating to Board composition
For: 117,271,395 (46.1%) Against: 137,086,559 (53.9%)
Proposal 5, relating to policies and procedures
For: 117,437,126 (46.6%) Against: 134,721,703 (53.4%)

As stated in the Notice of Meeting, as all the Proposals were non-binding under the terms of Vital’s Trust Deed
they were of no legal effect.

The Manager confirms that it has already established a process to deal with the substance of Proposals 1, 2 and
3, including a Board-led review of management fees in the first quarter of 2019, with the Manager’s rights in
regard to election or removal of Independent Directors being suspended for the duration of that review. The
Manager’s commitment to the review was announced on 23 November 2018 and also set out in the Notice of
Meeting for the Annual Meeting.

- ENDS -
ENQUIRIES
David Carr, Chief Executive Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7301, Email dcarr@vhpt.co.nz

Stuart Harrison, Chief Financial Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7302, Email sharrison@vhpt.co.nz

Jason Kepecs, Director, Investments & Investor Relations
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7303, Email jkepecs@vhpt.co.nz

Media enquiries: Barry Akers, Senescall Akers
Telephone 021 571 234, Email akers@senescallakers.co.nz