• Healthscope remains fully compliant with lease obligations and has paid Dec-25 rent in full
• HCW and UHF have entered into conditional agreements with alternative tenants for all 11 hospitals
• HCW has settled on the sale of Nambour and Shepparton to maintain balance sheet strength

HealthCo Healthcare and Wellness REIT (HCW) has provided an update on Healthscope's lease obligations and the REIT's capital management. Healthscope remains fully compliant with their lease obligations and has paid the December 2025 rent in full. HCW and the Unlisted Healthcare Fund (UHF) have receipted $18.3 million in cash rent from Healthscope in Q2 FY26. The Landlords (HCW and UHF) continue to work proactively with the Receiver and have entered into conditional agreements with alternative tenants for all 11 hospitals owned by the Landlords. These agreements include detailed commercial terms which are acceptable to the Landlords. The Landlords will look to enter into binding lease agreements with these alternative tenants in the event the current Healthscope sale process does not result in one or more proposed assignees and lease arrangements which the Landlords consent to. All existing legal rights of HCW and UHF remain in place, including cross default and termination rights. On the capital management front, HCW has settled on the sale of Nambour and Shepparton as part of HCW's strategy to maintain balance sheet strength and flexibility. Adjusted for all settled and exchanged asset sales in FY26 (aggregate proceeds of $76.8 million), HCW has current December 2025 cash and undrawn debt of $152.2 million and a June 2025 pro-forma gearing of 28.7%, which is below HCW's target gearing range. HCW will not declare a quarterly distribution for the period 1 October 2025 to 31 December 2025 in order to preserve balance sheet liquidity, with distributions expected to recommence once the Healthscope situation has been resolved.