Completion of Acquisition

NZX Release 30 October 2020 Promisia Integrative Limited (NZX: PIL) (PIL) is pleased to confirm that it has completed its acquisition of aged care facilities from the Brankin Family Trust and now operates in the New Zealand aged care sector. Chairman of PIL, Stephen Underwood commented: "We are very pleased to be bringing these aged care facilities together under Promisia. The aged care sector presents a number of opportunities, and particularly with our aging demographics, strong prospects for growth." "These acquisitions represent a significant and exciting change of direction for Promisia." Further information regarding PIL's operations post-acquisition and corporate structure was detailed in the listing profile released to market on 27 May 2020. A capital change notice detailing the share allotments undertaken today for completion accompanies this announcement. Senior Trust Debt Facility Further to PIL's announcement to market on 16 October 2020, PIL can now confirm the terms of debt funding with Senior Trust Retirement Village Income Generator Limited (Senior Trust), a non-bank lender with specialist aged care sector experience. Under the terms of the Senior Trust facility, Senior Trust will lend PIL's wholly owned subsidiary, Ranfurly Manor No: 1 Limited $5 million for a term of 4 years. The facility has interest only repayments, with PIL having the flexibility to make 25% principal repayments at the end of years 2 and 3 of the term. Ranfurly Manor No: 1 Limited must maintain a loan to value ratio (LVR) for the term of the facility of no more than 75%. The Senior Trust lending will be secured by second mortgages over the Ranfurly facility being acquired and the Nelson Street facility being acquired. Trading Update Promisia will release a trading update on the acquired businesses on Monday, 2 November. Following the release of the trading update, Promisia expects NZX Regulation to lift the suspension of trading and for Promisia's shares to resume trading on the NZX Main Board. ENDS For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387. End CA:00362340 For:PIL Type:TRANSACT Time:2020-10-30 16:26:06