UPP closes oversubscribed

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare
Properties Management Limited


vhpt.co.nz

MARKET RELEASE
Managed by NorthWest Healthcare
Pr operties Management Ltd
4 November 2020

Unit Purchase Plan closes oversubscribed
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), is pleased to announce that its $25m unit purchase
plan (UPP) closed oversubscribed.

The UPP received strong unitholder support, with the Manager receiving applications
totalling $67.4m. The Manager elected to accept additional applications of $7.5m,
bringing the total amount accepted under the UPP to $32.5m. This resulted in over 99% of
eligible unitholders who participated in the UPP having the opportunity of receiving pro-
rata and all applicants receiving either their full bid or an allocation meaning they
maintained or increased their relative holding. Applications were scaled having regard to
the holdings of existing units at 5.00pm NZ time on 6 October 2020 (being the Record
Date for the UPP). Surplus application amounts will be refunded in accordance with the
terms of the UPP offer document dated 13 October 2020.

Together with the $125m placement of new units undertaken on 7 October 2020, Vital
has raised $157.5m in new equity to pursue its strategic objectives.

Settlement and allotment of the new units issued under the UPP occurred earlier today.
The new units rank equally with existing Vital units on issue and are eligible for the FY21 first
quarter distribution payable in December.

– ENDS –
ENQUIRIES
Aaron Hockly, Fund Manager - Vital 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

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare Properties Management Limited
vhpt.co.nz
Page 2 of 2
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 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.

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Capital Change Notice




Section 1: Issuer information
Name of issuer NorthWest Healthcare
Properties Management
Limited in its capacity as the
manager of Vital Healthcare
Property Trust
NZX ticker code VHP
Class of financial product Ordinary units in Vital
Healthcare Property Trust
ISIN (If unknown, check on NZX website) NZCHPE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 11,607,176 ordinary units
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $2.80
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
2.3%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Issue of units pursuant to unit
purchase plan offer of Vital
Healthcare Property Trust
ordinary units announced on 7
October 2020
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
514,017,095
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
NZX Listing Rule 4.3.1(c) (as
modified by the class ruling
and waiver released by NZX
on 30 September 2020)

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The issued units rank equally
with existing fully paid ordinary
units.
Date of issue/acquisition/redemption 4 November 2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Aaron Hockly
Contact person for this announcement Aaron Hockly
Contact phone number
+64 (09) 973 7301

Contact email address aaron.hockly@nwhreit.com
Date of release through MAP

4

November 2020