Target Healthc. Regulatory News (THRL)

To: RNS

Date: 22 January 2018

Company: Target Healthcare REIT Limited

Directorate Change

The Board of Directors of Target Healthcare REIT Limited (the "Company") has in recent years contained two Jersey based non-executive directors who are representatives of the Group's Company Secretary, R&H Fund Services (Jersey) Limited.

Following a decision to resign from R&H Fund Services (Jersey) Limited, Mr Ian Webster has also resigned as a non-executive Director of the Company with immediate effect. The Board would like to thank Mr Webster for his contribution to the Company's development.

Mr Craig Stewart has been appointed as a non-executive Director of the Company as a result, replacing Mr Webster, with immediate effect.

Mr Stewart joined R&H Fund Services (Jersey) Limited in 2000 having previously worked as a manager specialising in the asset management sector at Arthur Andersen. He became a Director of R&H Fund Services (Jersey) Limited in 2001 and was admitted to Rawlinson & Hunter's Jersey Partnership in 2003. Craig qualified as a chartered accountant in 1997 and has over 20 years of experience in the finance sector. The Board of the Company is delighted to welcome him.

Mr Stewart is a Director of New City Energy Limited (In Liquidation), which was placed in voluntary liquidation on 7 March 2017. There is no further information required to be disclosed pursuant to paragraph 9.6.13 R of the Listing Rules in relation to this appointment.

All Enquiries:

Martin Cassels

Maitland Administration Services (Scotland) Limited

0131 550 3765

Kenneth MacKenzie

Target Fund Managers Limited

01786 845 912