5 December 2011

MARKET RELEASE

VHP announces strike price for Distribution Reinvestment Plan

Vital Healthcare Property Trust (NZX ticker: VHP) today announced that the strike price for the Distribution Reinvestment Plan, inclusive of the 1% discount being offered, is $1.1472 per unit. This is calculated as the weighted average of the prices at which units in the Trust were sold through NZX during the period of seven calendar days commencing on the ex date, being the day that is two business days before the Record Date for the distribution.
This pricing is effective for the distribution payable on 14 December 2011.

- ENDS - Enquiries Stuart Harrison Company Secretary

Vital Healthcare Management Ltd

Telephone : 09 362 2332

Email : sharrison@vhpt.co.nz

Vital Healthcare Property Trust

Vital Healthcare Property Trust is New Zealand's only NZSX listed specialist medical and healthcare property entity. The Trust has a total portfolio value of NZD$526.8m, with 24 properties and 124 tenants in New Zealand and Australia, including Ascot Hospital in Auckland and Epworth Eastern Hospital in Box Hill, Melbourne.

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VHP announces strike price for Distribution Reinvestment Plan