Transaction Timetable Update

NZX Release 11 June 2020 Transaction Timetable Update The special meeting of shareholders of Promisia Integrative Limited (NZX: PIL), is being held today at 2:00 p.m. by virtual means. Further announcements will be released shortly in this regard. The acquisition of aged care facilities from the Brankin Family Trust and related transactions (Proposed Transaction) remain conditional at this time on shareholder approval, raising new equity of at least $6 million and securing new bank debt facilities. PIL is making pleasing progress on each of the material conditions and will provide shareholders with a further update later today. However, it does not expect the equity and debt conditions to be satisfied before the end of next week. PIL has agreed with NZX to extend the suspension of trading in PIL ordinary shares. The suspension will now remain in place until completion of the Proposed Transaction. The adjusted timetable for the Proposed Transaction is now as follows: PIL shareholder meeting 2 pm, 11 June 2020 Meeting results announced to market 11 June 2020 Anticipated unconditional date 25 June 2020 Completion of the Proposed Transaction (including the issue of all New Shares) 26 June 2020 Suspension lifted and PIL ordinary shares resume trading on NZX Market 26 June 2020 ENDS For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387 or Mr Rene de Wit on 021 571 000. End CA:00354510 For:PIL Type:TRANSACT Time:2020-06-11 13:29:04