AUSTRALIAN UNITY LIMITED — Capital/Financing Update 2021

Jun 21, 2021

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ASX Announcement

22 June 2021

Australian Unity Strategic Holdings makes new Premium Cash Offer

Australian Unity Strategic Holdings Pty Ltd ( AUSH ), a direct wholly owned subsidiary of Australian Unity Limited ( AUL ), has today committed to a new Premium Cash Offer ( New PCO ) to purchase units from existing investors in Australian Unity Healthcare Property Trust ( AUHPT ) at a price summarised in the following table:

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ASX code: AYU

Securities on Issue: AYUPA – 1,200,000 AYUHC – 1,150,192 AYUHD – 2,070,000

Issuer: Australian Unity Limited ACN 087 648 888

Enquiries: Australian Unity Registry 1300 554 474

Contact details: Australian Unity Limited 271 Spring Street Melbourne VIC 3000 Tel: 13 29 39

This New PCO is at higher prices than the Premium Cash Offer made by AUSH on 9 June 2021 ( Original PCO ) and at the same prices that have been offered by NorthWest in its cash offer dated 15 June 2021 ( NorthWest Facility ).

AUSH has made this New PCO following NorthWest making its fourth unsolicited proposal to acquire 100% of AUHPT and NorthWest making its offer to buy units under the NorthWest Facility. AUSH is making this Premium Cash Offer at the same offer prices as in the NorthWest Facility, however, unlike the NorthWest Facility AUSH does not require unitholders to vote in a particular way at the unitholder meeting to be held on 19 July 2021 to be eligible to participate in this offer.

In the event that you have already applied to participate in the Original PCO, but wish to participate in the New PCO at the higher prices, you should complete and return the Request Form for the New PCO before the Original PCO’s close date (ie anticipated to be 12 July 2021).

The listing of Australian Unity Securities on the ASX does not affect Australian Unity Limited’s status as a mutual organisation

AUSH is offering to buy $80 million of units in aggregate through the New PCO and Original PCO, with AUSH offering to purchase the following value of each unit class across the Original PCO and the Premium Cash Offer:

Unit class	Value
Retail	$80 million less the value of Class A unitspurchased
Wholesale
Class A	The lesser of 15% of the value of Retailand Wholesale Units purchased and $12million
Total	$80 million in total

AUSH retains the discretion to buy a greater or lesser amount of each unit class and a greater amount than $80 million of units overall across the Original PCO and the New PCO.

The New PCO provides existing unitholders of AUHPT that are seeking liquidity an opportunity to realise their investment at a premium to the current unit price. The New PCO offer will open on 22 June 2021 and is expected to close on 23 July 2021. Further information can be found at: https://www.australianunity.com.au/wealth/pco

Additionally, further information about AUHPT’s current equity raising can be found here:

• https://www.australianunity.com.au/wealth/investment options/property/healthcare

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This announcement has been authorised for distribution to the ASX by:

Melinda Honig

General Counsel and Company Secretary

T: + 61 3 8682 6819

If securityholders or other interested parties require further information please contact:

Michael Moore

General Manager – Public Affairs & Communications

T: 1300 408 776

E: media@australianunity.com.au