4 November 2011
MARKET RELEASE
NorthWest
The Independent Directors of Vital Healthcare Management
Limited, Bill Thurston and Graeme Horsley confirm that
NorthWest Value Partners Inc, NorthWest Real Estate
Investment Trust and NorthWest Operating Trust (collectively
'NorthWest') issued a SSH notice on 2 November 2011 that they
have acquired 6.2% of the ordinary units in Vital Healthcare
Property Trust ('VHP'). Subsequent to this filing they issued
a press release indicating that they now have approximately
10% of the units in VHP.
The Independent Directors wish to advise that they have had
no direct communications with NorthWest with regard to their
position, however remain firmly of the view that
internalisation remains in the best interests of all
unitholders and would welcome dialogue with the current owner
of the Manager, OnePath (NZ) Limited and
NorthWest in order to achieve internalisation.
The Board and management team continue to focus on the core
activities of VHP.
Geoff Senescall Senescall Akers Limited Telephone: 021 48 1234
Vital Healthcare Property TrustVital Healthcare Property Trust is New Zealand's only NZSX listed specialist medical and healthcare property entity. The Trust has a total portfolio value of NZ$513.9m, with 25 properties and 128 tenants in New Zealand and Australia, including Ascot Hospital in Auckland and Epworth Eastern Hospital in Box Hill, Melbourne.