Updated Distribution Reinvestment Plan Terms

Northwest Healthcare Properties Management Limited (the Manager), the manager of Vital Healthcare Property Trust (Vital) advises that it has updated the terms of the Vital Healthcare Property Trust Distribution Reinvestment Plan (DRP) to: a) adopt recent DRP market precedents since Vital’s DRP was last updated in August 2020; and b) clarify certain interpretations of the DRP and improve Unit Holder understanding of its operation (for example, including specific references to Australian resident investors being eligible to participate in the DRP). A copy of the updated Vital DRP is attached and is also available on Vital’s website at https://www.vitalhealthcareproperty.co.nz/distributions/. Existing participants in the DRP are not required to take any action as a result of the changes as their participation in the DRP will continue.