Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Target Healthcare REIT Ltd

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

CCLA Investment Management Ltd

4. Full name of shareholder(s)  (if different from 3.):iv

The CBF Church of England Investment Fund

The CBF Church of England Global Equity Income Fund

COIF Charities Investment Fund

COIF Charities Ethical Investment Fund

COIF Charities Global Equity Income Fund

The Land Trust

Diversified Income Fund

The Ely Board of Finance

Police Dependants' Trust

Diocese of Westminster

The LankellyChase Foundation

Southwell and Nottingham

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

15 June 2017

6. Date on which issuer notified:

15 June 2017

7. Threshold(s) that is/are crossed orreached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

JE00B95CGW71

13,357,057

13,357,057

Nil

Nil

12,524,146

Nil

4.97%

Ordinary

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,524,146

4.97%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Not Applicable

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Due to a sale of shares, CCLA's holding on behalf of the shareholders detailed in section 4, in Target Healthcare REIT Ltd has fallen below the 5% threshold to 4.97% from 5.30%.

Last disclosure was made on 26 September 2014 confirming a holding of 10,616,222 (9.439%).

14. Contact name:

Jackie Fox

15. Contact telephone number:

0207 489 6046