Promisia Integrative Limited (“PIL”) – Suspension

Memorandum To: Market Participants From: NZX Regulation Date: Thursday, 19 December 2019 Subject: Promisia Integrative Limited ("PIL") - Suspension of quotation Message: NZX Regulation ("NZXR") advises that it has suspended the quotation of PIL ordinary shares. The suspension of quotation was placed pre-market open today. NZXR has suspended the quotation of PIL ordinary shares after the announcement by PIL that it had entered into a conditional agreement to acquire certain aged care facilities (the "Acquisition"). The Acquisition constitutes a reverse listing which, in accordance with NZX guidance, triggers a suspension of quotation. This process is contemplated by the NZX Guidance Note on Backdoor and Reverse Listing Transactions and is designed to ensure that the shares in an Issuer can only be traded where the market is fully informed about all material aspects of a potential acquisition in the context of a reverse listing transaction. The suspension will remain in place until information contemplated by a Notice of Meeting or Profile is disclosed to the market. Please see the NZX Guidance Note on Backdoor and Reverse Listing Transactions for further detail about the information contemplated by a Notice of Meeting or Profile, and when NZX may exercise its discretion under NZX Listing Rule 1.11.1 - https://www.nzx.com/regulation/nzx-rules-guidance/nzx-mo-announcements/guidan ce-notes Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00346305 For:NZXR Type:HALT Time:2019-12-19 09:45:57