DRP Strike Price for 2020 Final Dividend

7 August 2020

DIVIDEND REINVESTMENT PLAN STRIKE PRICE FOR 2020 FINAL DIVIDEND

Oceania Healthcare Limited (OCA) advises that the strike price for the Dividend Reinvestment
Plan (DRP) operating in respect of the dividend payable on 17 August 2020 has been set at
NZ$0.9910 per share.

This strike price will apply in calculating the number of shares to be issued to participants who
have elected to receive additional shares rather than cash.

The strike price has been determined, in accordance with the DRP, as the volume weighted
average sale price in New Zealand dollars for Oceania Healthcare shares, calculated on all
trades of Oceania Healthcare shares which took place through the NZX Main Board over the
period of five trading days starting on 31 July 2020, less a 2.5% discount.

Shareholders who have elected to participate in the DRP will receive shares instead of cash
in respect of the dividend payable on 17 August 2020.

Shareholders holding 39.2% of shares have elected to participate in the DRP. As previously
announced, the FY2020 final dividend has been underwritten. 4,476,570 shares will be issued
in accordance with the underwriting agreement between Oceania Healthcare and Macquarie
Securities (NZ) Limited. Settlement of the shortfall will occur on 13 August 2020 to minimise
underwriting risk. All other shares subscribed for under the DRP will be allotted on the
dividend payment date of 17 August 2020. The shares will be issued in accordance with the
underwriting agreement at the same price, and on the same terms, as the shares issued to
participating shareholders under the DRP.

The new shares will rank pari passu with existing shares on issue as at the date of their issue.

ENDS

For all enquiries, please contact 0800 333 688