Unit Purchase Plan closes oversubscribed

VITAL HEALTHCARE PROPERTY TRUST
Managed by Northwest Healthcare
Properties Management Limited


vhpt.co.nz

MARKET RELEASE
Managed by Northwest Healthcare
Properties Management Ltd
MARKET RELEASE
4 December 2025


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 $30m unit purchase
plan (UPP) has closed oversubscribed.

The UPP received strong Unit Holder support, with the Manager receiving applications
totalling approximately $46.8m. The Manager elected to accept additional applications
of $15m, bringing the total amount accepted under the UPP to $45m. This has resulted in
all applicants receiving either their full application or an allocation meaning they at least
maintain their relative unit holding.

Applications were scaled having regard to the holdings of existing units at 5.00pm NZ
time on 7 November 2025 (being the Record Date for the UPP). Surplus application
amounts will be refunded in accordance with the terms of the UPP offer document
dated 14 November 2025.

Together with the $190m placement of new units undertaken on 10 November 2025, Vital
has raised $235m in new equity.

Settlement and allotment of the new units issued under the UPP is expected to occur
tomorrow, 5 December 2025.

– ENDS –

ENQUIRIES
Chris Adams
Fund Manager, Northwest Healthcare Properties Management Limited
Tel +61 408 665 332, Email chris.adams@nwhreit.com

Michael Groth
Chief Financial Officer, Northwest Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

MEDIA ENQUIRIES

Geoff Senescall
Tel +64 21 481 234, Email senescall@senescallakers.co.nz

VITAL HEALTHCARE PROPERTY TRUST
Managed by Northwest Healthcare
Properties Management Limited


vhpt.co.nz




Page 2 of 3


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 (~80%* of portfolio
value), ambulatory care facilities (~16%* of portfolio value) and life science facilities (4%*
of portfolio value).

Vital is the leading specialist listed landlord of healthcare property in Australasia.
Vital is managed by Northwest Healthcare Properties Management Limited, a subsidiary of
Toronto Stock Exchange listed Northwest Healthcare Properties REIT (TSX: NWH-UN.TO), a
global owner and manager of healthcare infrastructure.

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

For more information about Northwest, please visit: www.nwhreit.com

* All figures are as at 30 September 2025, NZD/AUD exchange rate of 0.8770.

Disclaimer

This announcement has been prepared by Northwest Healthcare Properties Management
Limited (Manager) as manager of the Vital Healthcare Property Trust (Trust). The details in
this announcement provide general information only. This announcement 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.

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 will not form part of any contract
for the acquisition of Vital securities.

All references to $ are to New Zealand dollars, unless otherwise indicated.

This market announcement has been prepared for publication in New Zealand and may
not be released to United States 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 US 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 US Securities Act and applicable US state securities laws.

This announcement may contain forward-looking statements. Forward-looking statements
can include words such as “Expert”, “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,

VITAL HEALTHCARE PROPERTY TRUST
Managed by Northwest Healthcare
Properties Management Limited


vhpt.co.nz




Page 3 of 3
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 forward-looking statements. The Manager, the Trust and its or their directors,
employees and/or shareholders or Unit Holders have no 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.