HealthCo Healthcare and Wellness REIT : Establishment of Distribution Reinvestment Plan

onlyHealthCo Healthcare and Wellness REIT ARSN 652 057 639

HCW Funds Management Limited ACN 104 438 100, AFSL 239882

ASX RELEASE

22 March 2022

useESTABLISHMENT OF DISTRIBUTION REINVESTMENT PLAN

HealthCo Healthcare and Wellness REIT (ASX: HCW) advises that it has established a Distribution Reinvestment Plan (DRP) which will apply from and including the March 2022 quarterly distribution.

In accordance with ASX Listing Rule 3.10.8, the DRP Plan Rules and a questions and answers booklet are attached to this announcement.

personalYou can elect to participate in the DRP at any time. In order to participate in the DRP for the March 2022 quarterly distribution, you will need to ensure your DRP participation notice is received, or your online election is

made, by no later than 5pm (AEST) on the Last Election Date for the distribution. The Last Election Date will be notified to the ASX and posted on HCW's website when the next distribution is announced.

Units to be issued under the DRP will be issued at an average of the daily volume weighted average market prices for units traded on ASX (and any other market determined by HCW) over a period of at least 5 trading days (Allocation Price), in accordance with the DRP Plan Rules. The Allocation Price may be reduced by a discount, which HCW may determine from time to time and announce to the ASX. No discount to the Allocation Price currently applies.

The pricing period for the Allocation Price will be announced to ASX and posted on HCW's website at the time HCW announces the March 2022 quarterly distribution. The final Allocation Price for a distribution will be notified in the same way after the Allocation Price is determined.

Authorised for release by the Board of the Responsible Entity.

For

For further information, please contact:

INVESTORS

Misha Mohl

Group Head of Strategy & IR

[phone]

[e-mail]

Christian Soberg

HealthCo Chief Financial Officer [phone] [e-mail]

19 Bay Street

Double Bay NSW 2028

1300 466 326

[e-mail]

HCW Funds Management Limited

(ACN 104 438 100; AFSL 239882) as responsible entity of the HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)

19 Bay Street

Double Bay NSW 2028 1300 466 326 [e-mail]

For personal use

[e-mail]

[phone]

onlyAbout HealthCo Healthcare & Wellness REIT

HealthCo Healthcare & Wellness REIT is a Real Estate Investment Trust listed on the ASX focused on owning healthcare and wellness property assets. The REIT's objective is to provide exposure to a diversified portfolio underpinned by healthcare sector megatrends, targeting stable and growing distributions, long-termcapital growth and positive environmental and social impact.

MEDIA

John Frey

Corporate Communications Counsel

HCW Funds Management Limited

(ACN 104 438 100; AFSL 239882) as responsible entity of the HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)

For personal use only

HealthCo Healthcare and Wellness REIT

ARSN 652 057 639

HCW Funds Management Limited

ACN 104 438 100, AFSL 239882

Distribution Reinvestment Plan Rules

HealthCo Healthcare and Wellness REIT (HCW)

ARSN 652 057 639

March 2022

For personal use only

Table of contents

1	Definitions and interpretation	2
	1.1	Definitions ............................................................................................................	2
	1.2	Interpretation........................................................................................................	5
2	Commencement of the DRP	6
3	Eligibility to participate	6
4	Multiple holdings	7
5	Broker, trustee or nominee accounts	8
6	Application to participate	8
7	Extent of participation	8
8	Minimum Participating Holding and Maximum Participating Holding	9
9	Reinvestment of Distributions and residual balances	10
10	Price of Units	11
11	Allocation of Units	11
12	DRP statements	12
13	The effect of applying for participation	12
14	Variation or termination of participation	13
15	Reduction or termination of participation where no notice is given	14
16	Variation, suspension and termination of the DRP or these Rules	14
17	Costs to Participants	15
18	Taxation	15
19	Applications and other notices	15
20	General	16

HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)

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For personal use only

• Definitions and interpretation

1.1 Definitions

The meanings of the terms used in these Rules are set out below.

Term	Meaning
Allocated Units	in respect of a Participant, the Units allocated to the Participant
	under the DRP.
Allocated or Allocation	1	the issue of new Units to; or
	2	the transfer of existing Units to; or
	3	any combination of the issue of new Units to or the transfer of
		Units to,
	a Participant under the DRP, as the case may be.
Allocation Price	in respect of an Allocation, the price at which those Units are
	Allocated, calculated in accordance with rule 10.
ASX	ASX Limited (ACN 008 624 691) or the stock market operated by it
	(as the case may be).

Average Market Price the arithmetic average of the daily volume weighted average prices for Units traded on ASX (and any other market determined the Board) during the relevant period, but:

• excluding any trades that the Board determines to exclude on the basis that the trades are not fairly reflective of natural supply and demand or are not in the ordinary course of trading on the relevant market; and

• adjusted if necessary to ensure that, if Units are being Allocated under the DRP either 'cum' or 'ex' an entitlement of any kind, then the trading prices of Units used to calculate the Average Market Price are adjusted, in such manner as the Board considers appropriate, so as to be on a comparable basis.

Board	the board of directors of the RE.

HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)

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