Successful completion of $125m Placement

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare
Properties Management Limited


vhpt.co.nz

MARKET RELEASE
Managed by NorthWest Healthcare
Properties Management Ltd

8 October 2020

Vital announces successful completion of $125m Placement
NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital
Healthcare Property Trust (Vital), advises that it has successfully completed the $125m placement
of new units (the Placement), which forms part of the $150m capital raising announced on 7 October
2020 (the Offer).

The Placement was underwritten
(1)
at a fixed price of $2.80 per unit, representing a 6.0% discount to
the closing price of $2.98 on 6 October 2020. Existing unitholders that participated in the Placement
were given priority to obtain a pro rata allocation.

Vital's Fund Manager, Aaron Hockly, said
“We are delighted with the outcome of the placement, which was well supported by existing
institutional unitholders and broker firm clients. The capital raising provides Vital with the funding
to pursue growth opportunities, particularly the approximately $100m
(2)
of new brownfield
developments."

Settlement and allotment of the new units issued under the Placement is expected to occur on 13
October 2020.

Forsyth Barr Group Limited and Goldman Sachs New Zealand Limited acted as underwriters of the
Placement
(1)
.
The Unit Purchase Plan opens on Tuesday, 13 October 2020

Eligible unitholders will receive their personalised application forms to apply for up to $50,000 of
new units in the unit purchase plan (the UPP) component of the Offer from Tuesday, 13 October 2020.
Unitholders can apply online at www.vitalunitoffer.co.nz until 5.00pm (NZ time) on Wednesday, 28
October 2020.
Record Date: 5.00pm NZ time, 6 October 2020
Announcement of Offer: 7 October 2020
Unit Purchase Plan Opening Date: 13 October 2020
Offer Document and Application Form sent to
eligible unitholders:
13 October 2020
Unit Purchase Plan Closing Date (last time
for online applications, or for receipt of an
Application Form by Computershare, with
payment):
5.00pm NZ time, 28 October 2020

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare Properties Management Limited
vhpt.co.nz
Page 2 of 3
Unit Purchase Plan issue price announced: 29 October 2020
Allotment of new units under the Unit
Purchase Plan and commencement of
trading:
4 November 2020

These dates are subject to change and are indicative only. The Manager reserves the right to alter the key dates,
subject to applicable laws and the NZX Listing Rules. The Manager reserves the right to withdraw the unit
purchase plan at any time prior to the issue of the units under the unit purchase plan at its absolute discretion.

For further information in respect of the Placement and UPP, please refer to the capital raising
presentation released to the NZX on 7 October 2020.

– ENDS –

ENQUIRIES
Aaron Hockly
Fund Manager, Vital Healthcare Property Trust
Tel 09 973 7301, Email aaron.hockly@nwhreit.com
Michael Groth
Chief Financial Officer, NorthWest Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

About Vital (NZX code VHP):

Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare
properties in New Zealand and Australia including private hospitals (~81% of rent), Medical Office
Buildings (~11% of rent) and aged care (~8% of rent).

Vital is the only specialist listed landlord of healthcare property in Australasia and currently has a
portfolio valued at over $2 billion.

Vital is managed by NorthWest Healthcare Properties Management Limited, a subsidiary of Toronto
Stock Exchange listed NorthWest Healthcare Properties REIT, a global owner and manager of
healthcare property.

For more information, visit our website: www.vhpt.co.nz

Disclaimer

This announcement is not a product disclosure statement or offering document under New Zealand
law or under any other law. It is for information purposes only and does not constitute an offer,
invitation or recommendation to subscribe for, retain or purchase any securities in Vital in any
jurisdiction. This announcement does not constitute financial product advice or investment advice
and does not and will not form part of any contract for the acquisition of Vital securities.
This market announcement has been prepared for publication in New Zealand and may not be
released to US wire services or distributed in the United States. This announcement does not
constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States (or to, or
for the account or benefit of, any person in the United States) or any other jurisdiction. Any securities
described in this announcement have not been, and will not be, registered under the U.S. Securities

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare Properties Management Limited
vhpt.co.nz
Page 3 of 3
Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or
not subject to, registration under the U.S. Securities Act and applicable US state securities laws.
The information in this announcement is of general background and does not purport to be complete.
It should be read in conjunction with Vital’s other market announcements lodged with NZX, which are
available at www.nzx.com/companies/VHP.

Note: All amounts are in NZD unless otherwise shown
1
NorthWest Healthcare Properties REIT has committed, on behalf of its owned and controlled entities, to participate
in the Placement by subscribing for $31.9m of new units, representing its pro rata holding in Vital. The balance of
the Placement is underwritten by Forsyth Barr Group Limited and Goldman Sachs New Zealand Limited
2
This is part of the $130m pipeline included as part of Vital's FY20 Annual Results. AUD developments are converted
to NZD at FY20 period end NZD/AUD exchange rate of 0.9345