Capital Change Notice – Issue of Employee Share Rights

04 September 2020 Capital Change Notice This notice is given under NZX Listing Rule 3.13.1 and relates to the unlisted Employee Share Rights to acquire ordinary shares in the Company ('ESRs') issued under the Fisher & Paykel Healthcare Employee Share Rights Plan (the 'Employee Share Rights Plan'). Section 1: issuer information Name of issuer Fisher & Paykel Healthcare Corporation Limited NZX ticker code FPH Class of Financial Product Unlisted ESRs to acquire ordinary shares in the Company issued under the Employee Share Rights Plan ISIN Not applicable Section 2: capital change details Number issued 62,227 Nominal value (if any) Not applicable Issue price No amount is payable for the grant of ESRs. One ESR will convert into one ordinary share at no cost after three years, provided the recipient remains an employee. Nature of the payment Not applicable Amount paid up (if not in full) Not applicable Percentage of total class of Financial Products issued 62,227 ESRs to acquire ordinary shares representing approximately 0.01082% 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 Issue of ESRs under the Employee Share Rights Plan to incentivise selected employees to grow the Company and to attract, motivate and retain key employees 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. 306,312 ESRs 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 21 August 2020 Terms or details of the issue The ESRs will be issued on the terms of the ESR Plan in the form approved by the Board. Date of issue 04 September 2020 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 04 September 2020 End CA:00359284 For:FPH Type:SECISSUE Time:2020-09-04 17:28:34