Dividend Declaration

To: RNS Company Announcements

Date: 29 April 2014

Company: Target Healthcare REIT Limited

Subject: Fifth Interim Dividend

Announcement of Fifth Interim Dividend

In accordance with the Prospectus dated 9 October 2013, the Company has today declared its fifth interim dividend payment in respect of the period from 1 January 2014 to 31 March 2014 of 1.5 pence per share as detailed in the schedule below:

Interim ordinary dividend 1.50 pence per share

Interim Property Income Distribution (PID) 0.00 pence per share

Ex-Dividend Date: 7 May 2014

Record Date: 9 May 2014

Pay Date: 30 May 2014

Enquiries:

Kenneth MacKenzie

Target Advisers LLP

01786 406 581

Graeme Caton

Winterflood Securities Limited

020 3100 0268