Trading Update

NZX Release 2 November 2020 Trading Update Promisia Integrative Limited (NZX: PIL) (PIL) wishes to provide a trading update on the acquired aged care facilities. The aged care facilities have been operating business as usual and have been trading throughout the transaction period in accordance with the NZX Listing Profile released to market on 27 May 2020. The facilities have experienced a consistent turnover in ORA sales. Average occupancy levels for October 2020 have also remained stable since PIL's previous announcement to market, as outlined in the attached announcement. Aldwins Facility The establishment of the Aldwins Facility in Christchurch is nearing completion. Landscaping works have been completed. Fit out of the kitchen and laundry facilities are nearing completion. PIL expects to open the Aldwins Facility to new residents and commence business operations in early December. Vendor Loan PIL has entered into a vendor loan agreement with Thomas David Brankin and Michael John Kirwin Lay as trustees of the Brankin Family Interest Trust for an interest free working capital loan of $1 million. The working capital loan, together with all prior advances made by the Brankin Family Interest Trust to assist PIL totalling $557,683.10, may be converted to shares at 0.1c per share at the election of the Brankin Family Interest Trust and in accordance with shareholder approvals. Financial Reporting PIL also wishes to advise the market of its financial reporting following completion of the acquisition of aged care facilities. PIL will prepare consolidated audited interim financial statements as at 30 October 2020 and release a results announcement reporting on its operations over the transaction period in accordance with Appendix 2 of the NZX Listing Rules. PIL intends to release these results to the market in due course. ENDS For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387. End CA:00362459 For:PIL Type:GENERAL Time:2020-11-02 17:00:11