Publication of Supplementary Prospectus

To: RNS

From: Target Healthcare REIT Limited

Date: 22 March 2017

Publication of Supplementary Prospectus

Target Healthcare REIT Limited (the "Company") has published a supplementary prospectus approved by the UK Listing Authority. The publication of the supplementary prospectus is a regulatory requirement under the Prospectus Rules following the publication of the Company's interim report and financial statements for the six months ended 31 December 2016.

The supplementary prospectus is supplemental to, and should be read in conjunction with, the prospectus published by the Company on 18 April 2016 in relation to the proposals to issue up to 200 million New Shares including an initial placing, offer for subscription and placing programme.

Copies of the supplementary prospectus will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Copies of the supplementary prospectus will also shortly be available in electronic form on the Company's website at www.targethealthcarereit.co.uk.

All enquiries:

R&H Fund Services Limited

Martin Cassels

0131 550 3765

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.