Share Purchase Plan

NZX Release 22 February 2021 Share Purchase Plan Promisia Healthcare Limited (NZX: PHL) (PHL) is pleased to announce the details and timetable for its share purchase plan (SPP). Eligible shareholders with a registered address in New Zealand will receive personalised application forms to apply for up to $15,000 of ordinary shares in PHL (New Shares) at the issue price of 0.1c per share (Issue Price). Eligible shareholders may also apply for additional New Shares at the Issue Price through an oversubscription facility (subject to scaling). The SPP offer document will be released to market on 2 March 2021, and together with application forms, will be sent to eligible shareholders on 3 March 2021. A cleansing notice will also be released to market on 2 March 2021. The funds raised from the SPP will be confirmed in the SPP offer document but at this time are intended to provide additional working capital to support PHL's growth initiatives, being, growing occupancy at Aldwins House and progressing new acquisition opportunities. The timetable for the SPP is as follows: Ex-Date - 1 March 2021 Record Date - 2 March 2021 Opening Date - 3 March 2021 Offer Document and Application Form sent to Eligible Shareholders - 3 March 2021 Closing Date - 24 March 2021 Allotment of New Shares - 31 March 2021 Holding statements sent to shareholders - From 1 April 2021 These dates are subject to change and are indicative only. PHL reserves the right to amend this timetable (including by extending the closing date) subject to applicable laws and the NZX Listing Rules. A copy of the Corporate Action Notice accompanies this announcement. The Board thanks shareholders for their ongoing support. ENDS For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387. End CA:00367976 For:PHL Type:CORPACT Time:2021-02-22 16:40:55