Allotment of New Equity

NZX Release 31 March 2021 Allotment of New Equity Promisia Healthcare Limited (NZX: PHL) (PHL) is pleased to announce the final uptake on its share purchase plan (SPP) and allotment of shares under the SPP. PHL received 304 applications in the SPP raising approximately $1.7 million. The Board is very pleased with the level of uptake as it will provide valuable working capital and allow PHL to pursue further development and acquisitions in order to increase shareholder value. PHL is also pleased to advise that approximately $450,000 of new shares are also being issued today at an issue price of $0.001 per share to several wholesale investors. This takes the total cash raised by PHL to approximately $10 million since October last year. The Board has also resolved to issue the remaining Capitalisation Shares to Thomas David Brankin and Michael John Kirwin Lay as trustees of the Brankin Family Interest Trust (Brankin Family Interest Trust), which was approved by shareholders at the special meeting of shareholders held 24 March 2021. A capital change notice detailing the share issues accompanies this announcement. PHL wishes to thank shareholders that participated in the SPP for their ongoing support. ENDS For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387. End CA:00370060 For:PHL Type:SECISSUE Time:2021-03-31 16:52:03