Dividend Declaration

To: RNS Company Announcements

Date: 5 November 2015

Company: Target Healthcare REIT Limited

Subject: Interim Dividend

Announcement of First Interim Dividend for the year ending 30 June 2016

The Company has today declared its first interim dividend payment in respect of the period from 1 July 2015 to 30 September 2015 of 1.545 pence per share as detailed in the schedule below:

Interim Property Income Distribution (PID) 1.236 pence per share

Interim Ordinary Dividend 0.309 pence per share

Ex-Dividend Date: 12 November 2015

Record Date: 13 November 2015

Pay Date: 27 November 2015

Enquiries:

Kenneth MacKenzie

Target Advisers LLP

01786 845 915

Martin Cassels

R&H Fund Services Limited

0131 524 6140

Mark Young, Roger Clarke, Neil Winward

Stifel Nicolaus Europe Limited

020 7710 7600