Microsoft Word - 09.12.14 Strike Price announcement

9 December 2014

Vital first quarter DRP Strike Price

Vital Healthcare Property Trust (NZSX ticker: VHP) today announces the strike price for the first quarter of the

2015 financial year Distribution Reinvestment Plan (DRP), inclusive of the 1% discount being offered, is $1.5179 per unit. This is calculated as the weighted average of the prices at which units in the Trust were sold through NZSX during the period of seven calendar days commencing on the ex-date, being the day that is two business days before the Record Date for the distribution.

This pricing is effective for the distribution payable on 18 December 2014.

- ENDS - ENQUIRIES

Stuart Harrison, Chief Financial Officer

Vital Healthcare Management Ltd, Telephone 09 973 7302, Email sharrison@vhpt.co.nz

About Vital Healthcare Property Trust

With a portfolio value of over NZ$628m, Vital Healthcare Property Trust (NZSX: VHP) is Australasia's largest listed investor in healthcare real estate. Tenants include hospital operators and healthcare practitioners who deliver a wide range of medical and healthcare related services. Vital currently has a portfolio of 25 properties with 75% by value located in Australia and the balance in New Zealand. Vital aims to deliver a low-risk, medium-return investment profile for unitholders. The Manager of Vital Healthcare Property Trust is Vital Healthcare Management Limited.

vitalhealthcareproperty.co.nz

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