30 January 2015

Vital Healthcare Management Limited update on parent company ownership transfer.

Vital Healthcare Management Limited ('the Manager'), the manager of Vital Healthcare Property Trust ('Vital') has been advised by its parent company NorthWest Value Partners Inc. ('NWVP'), that NWVP has on 28 January
2015 transferred its 100% ownership of the Manager to its affiliate NorthWest International Healthcare Properties
Real Estate Investment Trust ('the REIT'), as part of an internal restructure effective 1 January 2015.
The REIT is listed on the Canadian TSX Venture Exchange (TSXV:MOB.UN) and is an unincorporated, open- ended real estate investment trust established under the laws of the Province of Ontario.
There is no change in the governance or management arrangements of the Manager, of Vital or in the ownership of Vital.

- ENDS - ENQUIRIES

David Carr, Chief Executive Officer

Vital Healthcare Management Ltd, Telephone 09 973 7301, Email dcarr@vhpt.co.nz

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$650m, 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 74% 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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