Dividend Declaration

To: RNS Company Announcements

Date: 6 November 2014

Company: Target Healthcare REIT Limited

Subject: First Interim Dividend

Announcement of First Interim Dividend for the year ending 30 June 2015

In accordance with the Prospectus dated 5 September 2014, the Company has today declared its first interim dividend payment in respect of the period from 1 July 2014 to 30 September 2014 of 1.53 pence per share as detailed in the schedule below:

Interim ordinary dividend 0.38 pence per share

Interim Property Income Distribution (PID) 1.15 pence per share

Ex-Dividend Date: 13 November 2014

Record Date: 14 November 2014

Pay Date: 28 November 2014

Enquiries:

Kenneth MacKenzie

Target Advisers LLP

01786 406 581

Graeme Caton

Winterflood Securities Limited

020 3100 0268