Transaction Update

NZX Release 31 July 2020 Transaction Update Further to the announcement of 29 July 2020 Promisia Integrative Limited (NZX: PIL) wishes to update the market further regarding the acquisition of aged care facilities from the Brankin Family Trust and related transactions (the Proposed Transaction). PIL has now entered an extension agreement with Brankin Family Trust to allow until 30 September 2020 for completion of the Proposed Transaction to occur. PIL is continuing discussions with its wholesale equity investors to commit to this longer period. PIL has reviewed its previous approaches to banks for debt funding and is now compiling new information packages for those banks. A new completion date will only be set once funding for completion has been secured. PIL will update the market with further developments in due course. 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:00357251 For:PIL Type:TRANSACT Time:2020-07-31 17:17:31