NOTIFICATION OF ISSUE OF SECURITIES

NOTIFICATION OF ISSUE OF SECURITIES Auckland, New Zealand, 17 January 2017 - Fisher & Paykel Healthcare Corporation Limited (NZSX:FPH, ASX:FPH) advises that the following securities were issued pursuant to the Company's 2013 issue of options under the Fisher & Paykel Healthcare 2003 Share Option Plan. The issue of options and shares under the Option Plan was approved by the Board on 27 August 2013. (a) Class of security Ordinary shares ISIN NZFAPE0001S2 (b) Number issued 2,382 (c) Issue price $3.57 (d) Payment terms Nil refer (g) below (e) Amount paid up In full (f) Percentage of total class issued 0.00042% (g) Reason for issue Employee cancelling options issued under the 2013 issue of the Fisher & Paykel Healthcare 2003 Share Option Plan. 4,000 options were cancelled on 17 January 2017 pursuant to the Cancellation Offer approved by shareholders at the ASM held on 12 August 2004. 2,382 shares were issued in consideration of the cancellation of the options and are equal in value to the gain on the options (such gain being calculated based on an exercise price of $3.57). (h) Authority for issue Directors' resolution (i) Terms of issue The shares rank pari passu with the existing ordinary shares. (j) Total number of securities after issue 567,451,495 (l) Date of issue 17 January 2017 This advice is given under Listing Rule 7.12.1. End CA:00295629 For:FPH Type:ALLOT Time:2017-01-17 09:52:43