Completion of Retail Entitlement Offer

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


MARKET RELEASE

16 May 2022
Completion of Retail Entitlement Offer
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), advises that it has completed the retail entitlement
offer component (Retail Entitlement Offer) of its underwritten 1 for 8.54 pro rata
accelerated entitlement offer (the Offer) announced on Thursday, 28 April 2022.
The Retail Entitlement Offer closed at 5.00pm (NZ time) on Thursday, 12 May 2022 and
raised gross proceeds of approximately $30.7m. Eligible retail unitholders took up 34.0% of
their entitlements, representing approximately 10.4 million new units. Eligible retail
unitholders who took up their entitlements in full also applied for ~$1.8m of additional new
units under the Offer.
New units taken up by eligible retail unitholders under the Retail Entitlement Offer are
expected to be allotted and commence trading on the NZX on Thursday, 19 May 2022.
Retail Bookbuild
The bookbuild for approximately 20.2 million new units representing entitlements not taken
up by eligible unitholders under the Retail Entitlement Offer or entitlements attributable to
ineligible retail unitholders will be conducted by Craigs Investment Partners Limited and
Forsyth Barr Limited today (Monday, 16 May 2022) (the Retail Bookbuild).
As the volume-weighted average price for the existing units on the last trading day prior to
the retail bookbuild was less than the offer price, in accordance with the Offer Document
the price for the Retail Bookbuild will be the same as the Offer price, being $2.95 per new
unit. This means that no premium in respect of the Retail Bookbuild will be paid to retail
unitholders who did not take up their entitlements in full or who were ineligible to
participate.
Following consultation with the Underwriters, the Manager has decided that it is not
necessary to halt trading to allow the Retail Bookbuild to be conducted. Accordingly
trading in Vital Units will not be halted on Monday, 16 May 2022. This is an amendment to
the timetable set out in the Offer Document.

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


Retail Entitlement Offer and Retail Bookbuild
Retail Bookbuild opens
10.00am (NZ time),
Monday, 16 May
2022
Retail Bookbuild closes
3.00pm (NZ time),
Monday, 16 May
2022
Settlement of Retail Entitlement Offer and Retail Bookbuild,
allotment of new units under the Retail Entitlement Offer and 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.

– 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

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


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 (~ 78.3%
*
of portfolio
value), ambulatory care facilities (~15.0%
*
of portfolio value) and aged care (~6.77%
*
of
portfolio value).
Vital is the leading specialist listed landlord of healthcare property in Australasia and
currently has a portfolio valued at ~$3.2
*
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 indicative as at 31 March 2022 pro forma for acquisitions announced in April 2022.
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
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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