Board renewal

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by NorthWest Healthcare
Properties Management Limited
Page 1 of 2

MARKET RELEASE
26 April 2022

Board renewal

NorthWest Healthcare Properties Management Limited (the Manager), the manager of
Vital Healthcare Property Trust (Vital), is pleased to announce further renewal of its Board.
Angela Bull has been appointed as an Independent Director and member of the Audit
Committee effective 26 April 2022. She replaces Andrew Evans who will retire from these
roles effective 30 June 2022 to enable a transition period. Andrew has been on the Board
of Vital's manager since 2007.
Angela is currently Chief Executive of Tramco Group, a New Zealand owned property
investment company which specialises in large scale land holdings, notably the Viaduct
Harbour precinct in Auckland and Wairakei Estate in the Waikato. She holds a Bachelor of
Laws and a Bachelor of Arts (Political Science) and practised property and environmental
law prior to her executive career. Angela held a number of senior positions over a 10-year
period with Foodstuffs, most recently being General Manager Property Development for
Foodstuffs North Island. Angela is an independent director of the Real Estate Institute of
New Zealand, realestate.co.nz, Foodstuffs South Island Ltd and Foodstuffs NZ Ltd. She is
located in Auckland, New Zealand.
The Manager's Independent Chair, Graham Stuart, said
"The Board appreciates Andrew's long and committed service to the Manager and Vital.
During Andrew's tenure, Vital's assets have grown from ~$250m to ~$3bn, net tangible
assets have grown from $1.30 to $3.12
1
per unit and Vital's total unitholder returns have
averaged 11.2% per annum
2
.
We welcome Angela onto our Board and look forward to her applying her extensive skills
and experience in property, law and governance to help continue to deliver superior
returns for Vital's unitholders.
The replacement of Andrew with Angela maintains key existing attributes of the Board
including majority independent directors, geographic balance (two directors in each of
New Zealand and Australia and one director in Canada) and an appropriate skills mix."


1
As at 31 December 2021.
2
Average total annual returns from 31 December 2007 to 31 December 2021. Sourced from Forsyth Barr.

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


– ENDS –
ENQUIRIES:
Graham Stuart Aaron Hockly
Independent Chair Fund Manager

Tel +64 (09) 973 7309 (NZ office), Email enquiry@vhpt.co.nz


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 (~82%* of portfolio
value), ambulatory care facilities (~13%* of portfolio value) and aged care (~5%* of
portfolio value).
Vital is the leading specialist listed landlord of healthcare property in Australasia and
currently has a portfolio valued at ~$3* 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
__________________________________

* All figures are as at 31 December 2021