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Appointment of Non Independent Director

Wednesday, 02 May 2018

NorthWest Healthcare Properties Management Limited (‘NW Management’) (previously Vital Healthcare Management Limited), the Manager of Vital Healthcare Property Trust (‘Vital’) (NZX: VHP), is pleased to announce that, further to a market release on 4 April 2018, Mr David Carr has been appointed Non Independent Director of NW Management effective 1 May 2018.

Mr Carr’s appointment to the Board follows Graeme Horsley’s retirement as an Independent Director and Chairman of NW Management effective 1 May 2018.

The Board of NW Management will now consist of Claire Higgins (Independent Director and Chair), Andrew Evans (Independent Director), Paul Dalla Lana (CEO, NorthWest Healthcare Properties REIT), Bernard Crotty (President, NorthWest Healthcare Properties REIT) and David Carr (Chief Executive Officer, Vital Healthcare Property Trust). The independent Chair will exercise a second casting vote in respect of any issue on which the Board is not unanimously agreed.

This interim Board configuration will be reviewed not later than the next Annual Meeting of Vital unitholders.

Currently, David holds the role of Chief Executive Officer of Vital Healthcare Property Trust, a position he has held since October 2006. David has overall accountability for implementing and delivering the Trust’s strategy and for its overall performance. He leads a team of passionate healthcare real estate professionals in New Zealand and Australia.

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