Successful completion of Institutional Entitlement Offer

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


MARKET RELEASE

2 May 2022
Vital announces successful completion of Institutional Entitlement Offer and
Institutional Bookbuild
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), advises that it has successfully completed the
institutional entitlement offer component (Institutional Entitlement Offer) and the
institutional bookbuild component (Institutional Bookbuild) (together, the Institutional
Offer) of its underwritten 1 for 8.54 pro rata accelerated entitlement offer (Offer)
announced on Thursday, 28 April 2022.
The Institutional Entitlement Offer closed at 5.00pm (NZ time) on Thursday, 28 April 2022.
The Institutional Bookbuild opened at 10.00am and closed at 3.00pm (NZ time) on Friday,
29 April 2022. Eligible institutional unitholders took up 98% of their entitlements and,
combined with clearing the Institutional Bookbuild, have raised gross proceeds of
$109.8m, representing approximately 37.2 million new units.
The Institutional Bookbuild of 4.6 million units achieved a clearing price of $3.04 per unit
representing a premium of $0.09 per unit, 3.1% over the offer price. This premium means
that institutional unitholders who were not eligible to participate or did not take up their full
entitlement receive a return of $0.09 per unit on their entitlements.
New units issued under the Institutional Offer are expected to be allotted and commence
trading on the NZX on Friday, 6 May 2022.
In advance of the Offer, NorthWest Healthcare Properties REIT had committed, on behalf
of its owned and controlled entities, to participate in the Offer by subscribing for $55m of
new units, representing its pro rata ~27.5% stake in Vital. It did so by taking up its
entitlements in full in the Institutional Entitlement Offer.
The balance of the Offer is underwritten by Craigs Investment Partners Limited and Forsyth
Barr Group Limited.

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



Institutional Entitlement Offer and Institutional Bookbuild
Trading halt lifted Monday, 2 May 2022
Settlement of Institutional Offer, allotment of new units under the
Institutional Offer and trading commences on the NZX
Friday, 6 May 2022
Retail Entitlement Offer and Retail Bookbuild
Record date
5.00pm (NZ time),
Friday, 29 April 2022
Retail Entitlement Offer opens
10.00am (NZ time),
Tuesday, 3 May 2022
Retail Entitlement Offer closes
5.00pm (NZ time),
Thursday, 12 May
2022
Trading halt commences (for Retail Bookbuild)
Monday, 16 May
2022
Retail Bookbuild opens
10.00am (NZ time),
Monday, 16 May
2022
Retail Bookbuild closes
3.00pm (NZ time),
Monday, 16 May
2022
Trading halt lifted
Tuesday, 17 May
2022
Settlement of Retail Entitlement Offer and Retail Bookbuild,
allotment of new units under the Retail Entitlement Offer the
Retail Bookbuild and trading commences on the NZX
Thursday, 19 May
2022

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 Offer at any time prior to the issue of the units
under the Offer at its absolute discretion.
For further information in respect of the Offer, please refer to the capital raising
presentation and Offer Document released to the NZX on Thursday, 28 April 2022 and
available at www.vitalunitoffer.co.nz
. If you have any questions about the Offer, please visit
the Offer website at www.vitalunitoffer.co.nz or call the Vital Investor Information Line on 0800
650 034 (toll free within New Zealand) from 8.30am to 5.00pm Monday to Friday (excluding
public holidays), or contact your financial adviser or other professional adviser.

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



– 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 (~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.
* All figures are as at 31 December 2021
Disclaimer:
This announcement has been prepared by NorthWest Healthcare Properties
Management Limited (the "Manager") as manager of the Vital Healthcare Property Trust
(the "Trust"). The details in this announcement provide general information only. It is not
intended as investment, legal, tax or financial advice or recommendation to any person
and must not be relied on as such. You should obtain independent professional advice
prior to making any decision relating to your investment or financial needs.
All references to $ are to New Zealand dollars unless otherwise indicated.
This announcement may contain forward-looking statements. Forward-looking statements
can include words such as “expect”, “intend”, “plan”, “believe”, “continue” or similar
words in connection with discussions of future operating or financial performance or
conditions. The forward-looking statements are based on management's and directors’
current expectations and assumptions regarding the Trust’s business, assets and
performance and other future conditions, circumstances and results. As with any
projection or forecast, forward-looking statements are inherently susceptible to
uncertainty and to any changes in circumstances. The Trust’s actual results may vary
materially from those expressed or implied in the forward-looking statements. The
Manager, the Trust, and its or their directors, employees and/or shareholders have no

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


liability whatsoever to any person for any loss arising from this presentation or any
information supplied in connection with it. The Manager and the Trust are under no
obligation to update this announcement or the information contained in it after it has
been released. Past performance is no indication of future performance.
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.
_________________________________