Capital Change Notice

Section 1: Issuer information Name of issuer Oceania Healthcare Limited ("Oceania Healthcare") NZX ticker code OCA010 Class of financial product Secured, unsubordinated fixed rate bonds ("Bonds") ISIN NZOCADT001C3 Currency New Zealand Dollars ($) Section 2: Capital change details Number issued 125,000,000 Nominal value (if any) $1.00 Issue price per security $1.00 Nature of the payment (for example, cash or other consideration) Cash Amount paid up (if not in full) Fully paid up Percentage of total class of Financial Products issued (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 100% For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date) Not applicable Reason for issue and specific authority for issue (the reason for change must be identified here) The proceeds of this offer are expected to be used to repay a portion of Oceania Healthcare's existing bank debt, providing Oceania Healthcare with diversity of funding and tenor and helping facilitate Oceania Healthcare's further growth. Specific authority for issue: written resolutions of the Board of Directors dated 21 September 2020 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. 125,000,000 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, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made Written resolutions of the Board of Directors dated 21 September 2020 Rule 3.13.1 Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) As set out in the Product Disclosure Statement dated 25 September 2020 for the offer of the Bonds Date of issue 19/10/2020 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Anna Thorburn Contact person for this announcement Anna Thorburn Contact phone number 09 213 1022 Contact email address anna.thorburn@oceaniahealthcare.co.nz Date of release through MAP 19/10/2020 End CA:00361696 For:OCA Type:SECISSUE Time:2020-10-19 12:43:37