Retail offer opens

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


MARKET RELEASE

3 May 2022
Vital announces Retail Entitlement Offer opens
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), advises that the retail entitlement offer component
of the Offer (the Retail Entitlement Offer) opens today at 10.00am (NZ time) for eligible
retail Vital unitholders.
Eligible retail unitholders are unitholders recorded on Vital's register as at 5.00pm (NZ time)
on Friday, 29 April 2022 that:
a) have an address recorded in Vital's register that is in New Zealand; and
b) are not in the United States and are not acting for the account or benefit of a
person in the United States; and
c) who the Manager otherwise reasonably determines may be treated as an eligible
retail unitholder; and
d) are not institutional investors (as defined in the Offer Document).
Eligible retail unitholders will be able to subscribe for 1 new unit for every 8.54 existing Vital
units held as at 5.00pm (NZ time) on Friday, 29 April 2022, at an offer price of $2.95 per new
unit (Offer Price).
Eligible retail unitholders may apply for up to their pro rata allocation of new units at the
Offer Price and in accordance with the terms set out in the Offer Document, without
incurring brokerage or other transaction costs.
In addition, eligible retail unitholders who take up their entitlement in full can apply for
additional new units (i.e. units in excess of their pro rata entitlement) that will be offered for
sale in the Retail Bookbuild (described below). The price for any such additional new units
will be the clearing price of the Retail Bookbuild (which may be more than the Offer Price,
but will not be more than the volume weighted average price on the last trading day
immediately prior to the Retail Bookbuild). Full details of the Retail Entitlement Offer are
contained in the Offer Document, which is available online at www.vitalunitoffer.co.nz.
New units representing entitlements not taken up by eligible retail unitholders under the
Retail Entitlement Offer or entitlements attributable to ineligible retail unitholders will be
offered to for sale through a bookbuild conducted by Craigs Investment Partners Limited
and Forsyth Barr Limited on Monday, 16 May 2022 (the Retail Bookbuild). Institutional

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


investors and brokers will be invited to participate in the Retail Bookbuild. In addition, any
applications from eligible retail unitholders who have taken their entitlements in full and
applied for additional new units (i.e. units in excess of their pro rata entitlement) under the
Offer will be included in the Retail Bookbuild.
Retail unitholders who do not take up their entitlements in full or who are ineligible to
participate will receive a pro rata share of any premium achieved above the application
price for their unexercised entitlements in the Retail Bookbuild. There is no guarantee that
a premium will be achieved.
The new units issued will rank equally with existing Vital units on issue and will be eligible for
future distributions.
Eligible retail u nitholders that wish to take up their entitlement (in full or in part) under the
Retail Entitlement Offer (and for those who take up their entitlement in full, who wish to
apply for additional new units under the Retail Bookbuild) can apply online at
www.vitalunitoffer.co.nz until 5.00pm (NZ time) on Thursday, 12 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

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


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.

– 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

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


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
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.
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