Completion of Retail Bookbuild, concluding the Offer

NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust (Vital), advises that it has completed the retail bookbuild component (Retail Bookbuild) of its underwritten 1 for 8.54 pro rata accelerated entitlement offer (the Offer) announced on Thursday, 28 April 2022. Vital has now successfully completed the Offer, raising total gross proceeds of ~$200m.

The net proceeds of the Offer will be used to repay debt incurred for recently announced acquisitions and developments, including those announced on Thursday, 28 April 2022.

The ~19.3m new units not taken up under the Retail Bookbuild will be subscribed for at the Offer Price by the Underwriters and the institutions who sub-underwrote the Offer. These institutions include long-term existing unitholders.

New units issued under the retail entitlement offer component of the Offer (Retail Entitlement Offer) and the Retail Bookbuild are expected to be allotted and commence trading on the NZX on Thursday, 19 May 2022.

Aaron Hockly Fund Manager, Vital Healthcare Property Trust Tel 09 973 7301, Email

Michael Groth Chief Financial Officer, NorthWest Healthcare Properties Management Limited Tel +61 409 936 104, Email

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