Capital Change Notice – Issue of Performance Share Rights

Capital Change Notice This notice is given under NZX Listing Rule 3.13.1 and relates to the unlisted Performance Share Rights ('PSRs') issued under the Fisher & Paykel Healthcare 2019 Performance Share Rights Plan ('PSR Plan'). Section 1: issuer information Name of issuer Fisher & Paykel Healthcare Corporation Limited NZX ticker code FPH Class of Financial Product Unlisted PSRs issued under the 2019 PSR Plan ISIN Not applicable Section 2: capital change details Number issued 257,701 Nominal value (if any) There is no nominal value for the PSRs Issue price No amount is payable for the grant of PSRs. One PSR gives the participant the potential to exercise that PSR for one ordinary share at no cost. Nature of the payment Not applicable Amount paid up (if not in full) Not applicable Percentage of total class of Financial Products issued 257,701 PSRs represent approximately 0.04492% of the ordinary shares on issue For an issue of Convertible Financial Products or Options, the principal terms of Conversion Not applicable Reason for issue and specific authority for issue To provide selected employees with rewards that depend on the achievement of a designated total shareholder return hurdle Total number of Financial Products of the Class after the issue (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue. 1,216,490 PSRs In the case of an acquisition of shares, whether those shares are to be held as treasury stock Not applicable Specific authority for the issue Directors' resolution dated 28 August 2019 Terms or details of the issue The PSRs will be issued on the terms of the PSR Plan in the form approved by the Board Date of issue 11/09/2019 Section 3: authority for this announcement Name of person authorised to make this announcement Marcus Driller Contact phone number +64 9 574 0110 Contact email address marcus.driller@fphcare.co.nz Date of release via MAP 11 September 2019 End CA:00340758 For:FPH Type:SECISSUE Time:2019-09-11 15:31:45