5 June 2013
Company Announcements Office
Australian Stock Exchange
20 Bridge Street
Sydney NSW 2000

ASX Announcement

Pulse Health Limited (ASX Code: PHG)

Ms Phillipa Blakey appointed as Acting Chief Executive Officer

Pulse Health Group Limited (ASX: PHG or the "Company") today announced the appointment of
Ms Phillipa Blakey as Acting Chief Executive Officer.
Ms Blakey is an experienced health care executive with a track record in leading strategy and performance improvement. Most recently, Phillipa was the Chief Operating Officer of Wide Bay Hospital and Health Service, with responsibility for the management of two hospitals (260 beds) on the Fraser Coast.
Phillipa's appointment will ensure the Company's growth strategy maintains momentum. The company has recently completed the successful acquisition of Eden Rehabilitation Hospital and Westmead Rehabilitation Hospital. These acquisitions, combined with a number of completed and approved brownfield bed expansions underpin the Company's forecast growth in operating earnings.
As a result of this appointment, Mr Justin Matthews, the current Chief Executive Officer will leave the company. Mr Matthews has also resigned as Joint Company Secretary today. Mr David Franks will continue to act as the sole Company Secretary of the Company.
The Board of Pulse thanks Justin for his contribution to the development of Pulse and wishes him the best for his future endeavours.
Attached as Schedule 1 is a summary of the Employment Agreement with Ms Blakey.

For more information contact:

David Franks Stuart James
Company Secretary Chairman
Pulse Health Limited Pulse Health Limited
Tel: +61 2 9299 9690 Tel: +61 2 9215 8900
For more information of Pulse Health please visit www.pulsehealth.net.au

Pulse Health Limited

Acting Chief Executive Officer ACN: 104.113.760

Schedule 1

Ms Phillipa Blakey - Summary of Employment Agreement

Commencement Date: 8 July 2013 or earlier. Title: Acting Chief Executive Officer. Term: Your term will commence on the Commencement Date and end on 8

January 2014 (Term).
If either the Company or you do not wish to extend the period of your employment beyond the Term, that party must provide the other party with at least 3 months' written notice.

Salary: An annual base salary of $390,000, payable monthly in arrears. Bonus: A bonus of up to $100,000 for the initial 6 month term (in arrears) will be paid to you at the expiration of the Term upon key performance indicators (KPI's) being achieved. The KPI's are to be determined by the Board.

Superannuation: The Company will make superannuation contributions into a complying superannuation fund of your choice in accordance with the minimum amount required under the Superannuation Guarantee (Administration) Act 1992 (or any other applicable legislation).

Termination of Employment: After the initial 6 month term, the Company may terminate your employment at any time by giving you at least 3 months' notice in writing.

After the initial 6 month term, you may terminate your employment at any time by giving the Company at least 3 months' notice in writing.
Notwithstanding any other provision of this agreement, the Company may, acting reasonably, terminate your employment with immediate effect by giving notice upon the happening of any of the grounds for termination:
(a) you being guilty, in the opinion of the Board, of gross misconduct or neglect of duty;
(b) you being convicted of any criminal offence which in the opinion of the Board brings you or the Company into disrepute; or
(c) you being in material breach of this agreement. Without limiting the generality of the foregoing, a breach the sections of this agreement entitled "Not to Act in Conflict" and "Confidential Information" constitutes a material breach.

Pulse Health Limited

Acting Chief Executive Officer ACN: 104.113.760

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