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Results for the year ended 31 March 2014

Investing in the future of primary care property

Introduction

Graham Roberts

Investing in the future of primary care property

A year of significant achievement

• Major transaction completed

– Trinity adding 10% to rents and profit

• Sale of LIFT assets, crystallising 5% gain to NAV
• 8 successful development completions

– adding £1.5m of rent, 6.7% yield on cost, 21 years lease length

Investing in the future of primary care property 3

Delivering strong financial results

• 24% uplift in underlying EPS

to 2.1 pence per share

• 12% uplift in adjusted NAV

per share to 43.4 pence

• £10.5m gain on LIFT disposal
• Portfolio valuation uplift

£12.4m – 2.2% on a like‐for‐like basis on core investments – £2.3m from developments

Investing in the future of primary care property 4

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Accounting Return Total Shareholder Return 2012/13 2013/14 15.9% 8.7% 18.6% 24.2%

In a sector with outstanding investment characteristics

• Low default risk
• Long leases – new leases typically > 21 years

– no tenant breaks – no rent‐free periods – minimal vacancy

• Linkage to cost inflation
• Substantial ongoing development need

– bespoke development does not create rental cycles

• High social impact

Investing in the future of primary care property 5

In a sector with outstanding investment characteristics

Investing in the future of primary care property 6

Primary healthcare

Industrial Residential market lets Office All Property Gilts Equities Retail All healthcare

2 4 6 8 4 8 12 16 20

7 year Total Return (%) Standard deviation (risk)

Source: IPD Seven‐year total returns vs standard deviation 2007‐2013 (since the inception of the healthcare index)

High Risk Lower Risk Higher Return Low Return

Assura: a compelling investment case

Investing in the future of primary care property 7

• 4.1% dividend yield on adjusted net assets

– up 49% on previous rate, paid quarterly – fully covered and progressive

• Long‐term cash flows underpin balance sheet

– annualised rent of 6.4% on £657m of property – 95% of today’s rent roll still receivable in 2024 – 14.4 years weighted average unexpired lease length – debt of 11 years average maturity, fixed at 5.28%

• Positioned well

– strong brand and track record – development capability – scalable, fully internal management model

Investing in the future of primary care property

Financial Results

Jonathan Murphy

Financial highlights for the year

• 7.9% Total Property Return

– 6.0% income return

• 15.9% Total Accounting Return1

– 3.5% dividend paid – 12.4% increase in adjusted net asset value

• 24% increase in underlying profit from continuing operations

to £10.9m

Investing in the future of primary care property 9

1 Increase in EPRA NAV and dividends

16.4% growth in annualised rent roll

Investing in the future of primary care property 10

£35.9m (£0.2m) £0.4m £1.7m £4.0m £41.8m 20.0 25.0 30.0 35.0 40.0 45.0 Mar‐13 Disposals Lease events Completed developments & extensions Trinity acquisition Mar‐14

£m

Investing in the future of primary care property 11

24% growth in underlying profit

£8.8m £10.9m (£1.9m) (£0.1m) £4.1m 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 Mar 13 Net finance costs Admin expenses Net rental income Mar 14

£m

£523.6m £626.8m £3.2m £12.0m £24.5m £63.5m 400 420 440 460 480 500 520 540 560 580 600 620 640 Mar‐13 Capex, disposals & transfers Revaluation gain Completed developments Additions Mar‐14

£m

19.7% increase in core investment portfolio

Investing in the future of primary care property 12

Mar‐14 Mar‐13 Net Initial Yield 5.88% 5.95% Equivalent Yield 6.04% 6.15%

Contracted rental income

Investing in the future of primary care property 13

• £663m of contracted rental cash flow
• 95% of current rent roll still contracted in 2024

.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 Mar‐15 Mar‐16 Mar‐17 Mar‐18 Mar‐19 Mar‐20 Mar‐21 Mar‐22 Mar‐23 Mar‐24 Mar‐25 Mar‐26 Mar‐27 Mar‐28 Mar‐29

£m

12 months ended Trinity Existing

Well spread repayment profiles

Investing in the future of primary care property 14

Mar‐14 Mar‐13 Gross debt £451.9m £395.7m Weighted average maturity 10.9 years 11.3 years Weighted average cost of debt 5.28% 5.25%

.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0

£m

12 months ended Aviva Santander Bond

Robust cash flow

Investing in the future of primary care property 15

• Government backs

88.8% core portfolio leases

• 14.7 years weighted

average unexpired lease term (core

• nly)
• 10.9 years average

maturity of debt

Cash £35.7m £7.6m £4.1m £27.7m (£22.7m) (£6.6m) (£7.2m) Cash £38.6m Undrawn facility £2.6m 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 Mar‐13 Operations Net financing Disposal proceeds Property investment Trinity acquisition Dividend Mar‐14

£m

Flexible funding secured

Investing in the future of primary care property 16

• £30m five‐year RCF from

Barclays and RBS

• Initial all‐in cost of just
• ver 3.5%
• Flexible facilities
• Capacity to fund future

growth

£38.6m £38.6m £2.6m £2.6m £30.0m 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 Mar‐14 Mar‐14 + RCF

£m

Mar‐14 cash Undrawn committed facilities RCF £41.2m £71.2m

Strong and growing balance sheet

Investing in the future of primary care property 17

• Over last 12 months

– non‐core assets successfully recycled and no longer significant – £99m added to investment properties – 62% LTV with longevity and security

• f income

£537.8m £557.3m £656.7m £58.6m £69.7m £57.0m 400 450 500 550 600 650 700 750 31/03/2012 31/03/2013 31/03/2014

£m

Gross assets

Investment properties Other £713.7m £627.0m

EPRA NAV: 36.3p 38.6p 43.4p

£596.4m

Dividends

Investing in the future of primary care property 18

• Dividend capacity enhanced by Trinity acquisition and LIFT disposal
• 49% increase in quarterly dividend to 0.45 pence per share
• Fully covered
• Progressive policy

Investing in the future of primary care property

Property update

Andrew Darke

Trinity acquisition – 32 medical centres, £63m, 6.4% yield

Investing in the future of primary care property 20

Preston Lytham St Annes Leyburn

Trinity – initiatives since acquisition

• Rapidly integrated
• No additional head‐count to manage enlarged portfolio
• Housekeeping completed regarding tenants and leases – built

personal relationship with all tenants

• Asset enhancement of newly acquired portfolio

– pharmacy extension and lease at Bishop Auckland adding £0.6m value, £0.2m revaluation “profit” and £35,000 rent completed – GP development at Lanchester – on site to add £1.5m value, £0.1m revaluation “profit” and £94,000 rent

• Further opportunities to capitalise on

Investing in the future of primary care property 21

Freckleton

Completed developments – 8 medical centres, £25m value

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Willington Harlech Maidstone Y Felinheli

Asset enhancements – 3 extensions, £3m value

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Queens Park Medical Centre, Stockton

Continuous capital recycling

• Sold

– LIFT assets for £22.4m – non‐core retail parade £1.2m – 4 ex growth smaller surgeries £1.7m – vacant site £0.5m

• Exchanged

− 3 vacant sites £0.7m

• Under offer

– non‐core retail parade £2.0m

• Being reviewed and marketed

– final £13.7m of non‐core assets and sites

Investing in the future of primary care property 24

Freckleton Leyburn

Specialist team

• In‐house experienced team of chartered surveyors
• Clearly defined roles to deliver objectives and strategy
• Alignment of skills meeting needs of GPs and NHS
• Results outcome

– tenant satisfaction – maximising returns for shareholders and value adding – increased brand strength and recognition

Investing in the future of primary care property 25

The people

• Head of Property
• 5 Portfolio Managers – National coverage

– sole personal responsibility for a part of the portfolio – day to day aspects and relationship building, tenant and occupier satisfaction

• 2 Investment Managers – East & West

– asset enhancement and extensions and lease re‐gearing – identification and delivery of sale and leasebacks

• 3 Development Managers – North, South and National

– identification and delivery of development schemes – relationship building with NHS Area Teams and GPs – forward funding and procurement

• 2 support staff

Investing in the future of primary care property 26

Before and after

Investing in the future of primary care property 27

Investing in the future of primary care property

Market and Outlook

Graham Roberts

1.9% annual rental growth from settled rent reviews

• Rent reviews added £2m to

rent roll over last 3 years

• RPI and fixed are currently the

main drivers of rental growth

• District Valuer awards

currently reflect: – post financial crash land values – lower construction costs during recession

• Less rental evidence for rent

reviews due to frozen NHS approval process

Investing in the future of primary care property 29

5.09% 2.49% 3.23% 1.99% 4.52% 0.35% 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 RPI/fixed (23% of rent roll) OMR (77% of rent roll) Absolute rent roll increase £m 2011/12 2012/13 2013/14 £0.8m £1.2m

‐1% 0% 1% 2% 3% 4% 5% 6% 7% 2008 2009 2010 2011 2012 2013 2014 2015 2016

Land/construction index + 30 months v OMR reviews

Assura OMR (medical space) Index: 3 years (annual basis)

Outlook improving for rental growth

• Direction of travel favourable for key inputs: land and

construction costs

Investing in the future of primary care property 30 Source: BIS Resource Cost Index of House Building and Savills Development Land Index (Urban) / Company (Appendix 1.4)

Yield advantage sustained over other lower risk assets

• Since financial crash, yields

have recovered in other sectors

• Premium over fixed return

gilts of > 265bps

• Outlook for hardening of

yields in primary care – Consistent with other alternative asset classes – Timing and extent uncertain

Investing in the future of primary care property 31

0% 1% 2% 3% 4% 5% 6% 7%

Yield development in long‐dated cash flows

Assura Net Initial Yield 15 Year Gilt IPD Supermarket Net Initial Yield (December prior)

Positioned for growth

• Delivered transforming deals
• Substantially enhanced income and dividends
• Focused team
• Well positioned in an attractive market

Investing in the future of primary care property 32

Investing in the future of primary care property 33

Q&A

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Supplementary information

1. Market 1.1 Growing demand / inadequate supply 1.2 Market: policy direction supportive 1.3 Sector attractiveness 1.4 Market outlook – rents 1.5 Market outlook – yields 1.6 Core portfolio v IPD Healthcare 1.7 Assura well placed to outperform 2. Net assets 2.1 Adjusted net asset value 2.2 Adjusted net asset value movement 3. Portfolio 3.1 Total property assets 3.2 Capital value – core portfolio 3.3 Sensitivity analysis on core portfolio 3.4 Core portfolio lease lengths 3.5 Non‐core portfolio 3.6 Developments 4. Rents 4.1 Portfolio rental income growth over five years 4.2 ERV evolution and reversion 4.3 Rent reviews settled 4.4 Core portfolio rental growth 4.5 Core open market rents still increasing 4.6 Basis of rent reviews 5. REITs 5.1 REITs 6. Borrowings 6.1 Bank and bond facilities 6.2 Covenants 7. Dividends 7.1 Dividend calendar

Growing demand / inadequate supply

Demand

• 10 year track record of cross‐

party support for:

– More services delivered locally – Greater patient choice – More community based facilities (medical centres, polyclinics)

• Unaffordable healthcare budget

– Doubled in 10 years to £120bn

• Number of consultations with

GPs has been increasing at 2.5% per annum

– Over 300 million visits per year

Investing in the future of primary care property 35

Supply

• Most recent survey of GP practices

– ¾ of GPs stated premises not suitable for future needs – ⅓ said not capable of complying with Disability Discrimination Act – ¼ said premises posed a risk to staff/patients – Insufficient actually built

• GP premises regulated for first

time from April 2013

• 2012 Act – GPs given £80bn of the

healthcare budget and told to lead NHS commissioning

Appendix 1.1

Market: policy direction supportive

• Government policy to shift health provision from expensive acute /

secondary sector into primary care setting

• Health & Social Care Act brings GPs into commissioning role
• From 2013 GPs regulated by Care Quality Commission
• Pressures mounting from changing demands
• Ageing population
• Different expectations of service
• Growing range of medical solutions increasing demand
• Changing career and practice profile
• Efficiency will be essential

Investing in the future of primary care property 36

Appendix 1.2

Sector attractiveness

• Market Features

– Health spend is non‐discretionary – Planning environment ‘benign’ – District Valuer determines rent reviews

• Tenant Features

– Private businesses underwritten by Government – Premises are bespoke – GPs are not mobile – “stickiness”

• ffsetting Residual Value (RV)
• Typical Lease Features

– 21 years, no breaks – Upward and downward not less than initial – Landlord triggers the review (3 years) – Often internal repairing and insuring

Investing in the future of primary care property 37

Appendix 1.3

69% 20% 7% 4% Core Rent Roll Tenant £40.3m GPs – Reimbursed by NHS £27.7m NHS Body £8.1m Pharmacy £3.0m Other (Retail, Charities, Local Authorities, Dentists) £1.5m

Market outlook – rents

Investing in the future of primary care property 38

Appendix 1.4

Source: BIS Resource Cost Index of House Building and Savills Development Land Index (Urban) 20 40 60 80 100 120 140 160 180

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Construction and land indices

BIS House Building Resource Cost Index Savills Development Land Index (Urban) Blended 80:20

‐1% 0% 1% 2% 3% 4% 5% 6% 7% 2008 2009 2010 2011 2012 2013 2014 2015 2016

Construction/land index + 30 months v OMR reviews

Assura OMR (medical space) Index: 3 years (annual basis)

Index is 3 year trailing average movement on an annual basis of the contribution and land index blended 80:20. This has been shifted forward by 30 months for comparison purposes.

Market outlook – yields

Investing in the future of primary care property 39

Appendix 1.5

2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% ASSURA ‐ CORE ‐ Equivalent Yield Shopping Centres Foodstores West End Offices Provincial Offices

Prime equivalent yields since Mar‐11

Mar‐11 Mar‐12 Mar‐13 Mar‐14 Source: Savills

Core portfolio v IPD Healthcare

Investing in the future of primary care property 40

Appendix 1.6

6.1 6.8 1.0 ‐1.3

7.2 5.4

‐4.0 ‐2.0 0.0 2.0 4.0 6.0 8.0 10.0

Assura All Healthcare Property Benchmark

%

Income Return Capital Growth Total Return

Source: IPD

IPD Return to December 2013 since inception of index in 2006

Assura well placed to outperform

• Scale benefits

– £668m total property assets – 14.4 years weighted average unexpired lease term

• Good reputation and

relationships with GP community

• Development capability and

strong pipeline

• Internally managed
• Knowledgeable, motivated and

focused team

Investing in the future of primary care property 41 IPD Annual Return to December 2013 since inception of index in 2006

Source: IPD

Appendix 1.7

6.1% 1.0% 7.2% 6.2% 0.4% 6.6% 0% 2% 4% 6% 8% Income Return Capital Growth Total Return Assura Primary Healthcare Benchmark

Adjusted net asset value

Investing in the future of primary care property 42

Adjusted basic) & diluted NAV) per ordinary) share) Adjusted basic) & diluted NAV) per ordinary) share) Mar 14) Mar 13) £m) £m)

Net assets

226.6) 198.1)

Own shares held

1.9) 1.9)

Derivative financial instruments

1.8) 3.6)

Derivative financial instruments of associates

‐) 1.9)

Deferred tax

(0.7) (1.1)

Adjusted (EPRA) NAV

229.6) 204.4)

Number of shares in issue

529,548,924) 529,548,924)

Adjusted net asset value per share

43.4p 38.6p)

Appendix 2.1

Adjusted net asset value movement

Investing in the future of primary care property 43

* Based on 529,548,924 shares in issue

£m)

Pence per) share*)

Adjusted net asset value at 31 March 2013 204.4) 38.6) Income (underlying profit) 10.9) 2.1) Capital (revaluations and capital gains) 12.6) 2.4) Dividends (7.2) (1.4) LIFT disposal 10.5) 2.0) Other (1.6) (0.3) Adjusted net asset value at 31 March 2014 229.6) 43.4) Growth 4.8) 12.4%

Appendix 2.2

Total property assets

Mar 14 Mar 13 £m £m Core 626.8 523.6 Non‐core 4.8 9.3 Investment portfolio 631.6 532.9 Investment property under construction 14.8 14.3 Properties held for sale 11.6 12.0 Pharmacy lease premiums 7.2 7.0 Finance leases 3.1 3.1 Total 668.3 569.3 Balance sheet classification Investment property 656.7 557.3 Property assets held for sale 11.6 12.0 Total 668.3 569.3

Investing in the future of primary care property 44

Appendix 3.1

Capital value – core portfolio

Investing in the future of primary care property 45

Appendix 3.2

Capital Number of Total Capital Value Properties £626.8m <£1m 37 £25.1m £1‐5m 139 £350.4m £5‐10m 19 £139.4m >£10m 7 £111.9m

• Size is not an indication of performance
• Smaller units affordable to private investors

4% 56% 22% 18%

Sensitivity analysis on core portfolio

Investing in the future of primary care property 46

NIY ERV +1% +2% +3% p/share p/share p/share p/share 6.50%

• 11.29p
• 10.22p
• 9.15p
• 8.08p

6.25%

• 7.01p
• 5.89p
• 4.78p
• 3.67p

6.00%

• 2.37p
• 1.21p
• 0.05p

1.11p 5.75% 2.68p 3.89p 5.10p 6.31p 5.50% 8.18p 9.45p 10.71p 11.98p

Appendix 3.3

Core portfolio lease lengths

Investing in the future of primary care property 47

Appendix 3.4

50 leases 50 leases 86 leases 113 leases 73 leases 9 leases 17 leases 30 leases

2 4 6 8 10 12 14 21+ 18‐20 15‐17 12‐14 9‐11 6‐8 3‐5 0‐2 Rental Value £m Years Remaining

Average income weighted unexpired lease term 14.7 years

Non‐core portfolio

• Non‐core valued at £16.4m

(March 2013: £20.5m)

• Income generating assets of

£6.8m, net initial yield of 16.4%

• £0.5m disposals of non‐

income earning assets

• Letting success offsets

valuation decline from short leases

• Held for sale includes land at

Scarborough valued at £5.5m

Investing in the future of primary care property 48

Appendix 3.5

Non core £14.9m Non core £4.8m Held for sale £11.4m (£9.9m) (£1.9m) (£1.0m) £0.6m £2.3m Held for sale £11.6m ‐ 5.0 10.0 15.0 20.0 25.0 30.0

£m

Developments

• £2.3m development gains in period
• 100bps margin over revaluation yield on completed developments
• Pipeline of identified future developments in excess of £75m

Investing in the future of primary care property 49

Completed On site Immediate pipeline Number of schemes 8 5 5 Development cost £22.8m £21.5m £17.0m ERV £1.5m £1.5m £1.2m Completion timing 2013/14 2014/15 2015/16 Appendix 3.6

Portfolio rental income growth over five years

Investing in the future of primary care property 50

Appendix 4.1

5 10 15 20 25 30 35 40 45 2009/10 2010/11 2011/12 2012/13 2013/14 Gross rental and related income £m

H2 Mar H1 Sept

£15.8m £19.3m £19.5m £28.8m £32.5m £34.1m £40.3m £2.1m £1.8m £2.2m £1.6m £1.5m £1.8m £1.3m

£m £5m £10m £15m £20m £25m £30m £35m £40m £45m Mar‐08 Mar‐09 Mar‐10 Mar‐11 Mar‐12 Mar‐13 Mar‐14 Core Portfolio Rent Roll

Estimated rental value less passing rent Passing Rent

ERV evolution and reversion

Investing in the future of primary care property 51

Appendix 4.2

£1.3m ERV

• Vacant space ERV £0.63m
• Valuers rental ERV £0.67m

Rent reviews settled

Investing in the future of primary care property 52

Appendix 4.3 Weighted average annualised increase Year ended 31 March 2014 Year ended 31 March 2013 Whole portfolio OMR 0.35% 2.02% RPI / Fixed 4.52% 3.23% Total 1.89% 2.42% Core portfolio OMR 0.35% 2.03% RPI / Fixed 2.07% 3.17% Total 0.83% 2.32%

Core portfolio rental growth

Investing in the future of primary care property 53

Annualised increase Year ended 31 March 2014 Year ended 31 March 2013 Rent reviews settled 0.83% 2.32% Rent reviews settled excluding RPI/fixed uplift 0.35% 2.03% Appendix 4.4

43 reviews 50 reviews 62 reviews 56 reviews 33 reviews 2 reviews £4.1m £6.4m £8.2m £6.4m £4.6m £0.2m

0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 2009 2010 2011 2012 2013 2014 Rent £m Previous Rent Rental Increase Weighted Increase

Core open market rents still increasing

• 0.83% annualised increase from rent reviews settled in the year

– 0.35% from open market rent reviews

• Underlying rental trajectory masked by delayed rent review settlements

Investing in the future of primary care property 54

Annualised Open market reviews only % on Core Number of outstanding reviews on Core (passing rent) Rent reviews settled in year to 31 March 2014 0.35% Relating to review dates from calendar years: 2009 1 (£0.1m) 2010 (2 reviews) 0.98% 1 (£0.1m) 2011 (3 reviews) 1.10% 8 (£0.9m) 2012 (16 reviews) 0.77% 18 (£1.8m) 2013 (64 reviews) 0.05% 37 (£3.6m) 2014 (11 reviews) 0.32% 105 (£11.9m) Appendix 4.5

Basis of rent reviews

Investing in the future of primary care property 55

Appendix 4.6

£32.0m £4.5m £2.8m £1.0m 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% OMR RPI Fixed Other % Core Portfolio by rental value

Upward/Downward Review Basis ‐ Tenant Can Instigate 6% (£2.3m) Upward/Downward Review Basis ‐ Landlord Only Trigger 21% (£8.6m) Upward Only Review Basis 73% (£29.4m)

REITs

• REIT Status is a tax election available to listed real estate companies
• REITs are tax exempt on property rental income and capital gains
• Profits are passed through to investors through minimum Property Income

Distributions (PIDs) ― 90% of taxable property rental profits ― subject to 20% withholding tax (unless investor is a qualifying institution)

• Other dividends are not subject to withholding tax
• Assura currently pays dividends not PIDs as the minimum PID is £nil
• REITs are a recognised global investment class, attractive to specialist investors
• REITs are required to meet rules ensuring they remain focused on real estate

investment activity

• Development activity is permitted but taxable if developments are sold within 3

years of practical completion

Investing in the future of primary care property 56

Appendix 5.1

Bank and bond facilities

Investing in the future of primary care property 57

Loan/Bond Fixed/ Floating Maturity Effective Interest Rate Secured Properties Rental Income Outstanding) 31 March) £m £m £m) 10 year secured Bond Fixed 10 year, bullet repayment 2021 4.75%1 161.6 11.3 110.0) Aviva amortising secured loans Fixed Amortising to 2041 5.65%1 374.8 24.1 284.5) £57.4m Santander investment facility Floating Amortising from 2014, repayable 2016 4.53%1 89.9 5.8 57.4) £2.6m Santander development facility Floating Development phase

• nly

3.75%2 ‐ ‐ ‐) Principal 626.3 41.2 451.9) Fair value adjustment for Trinity debt 1.6) FRS 4 adjustment (3.2) Book value 450.3)

1 2.575% interest rate swap of matching amount plus 195 bps 2 2.75% above LIBOR

Appendix 6.1

Covenants

Investing in the future of primary care property 58

All covenant conditions complied with Bond Aviva Santander Investment Facility Required Actual Required Actual Required Actual Interest v income cover 1, 2 > 1.50 2.08 ≥ 1.03 1.23 ≥ 1.70 2.29 Loan to Value > 1.35 1.46 n/a n/a < 75% LTV 64% LTV Debt Service Coverage Ratio n/a n/a n/a n/a > 1.05 2.29

1 Some Aviva loans require only 0.9 times 2 All individually comply

In addition, bond requires NHS backed income to exceed 75% (31 March 2014: 78%) and the weighted average lease length must exceed 10 years (31 March 2014: 13.4 years) Appendix 6.2

Dividend calendar

Investing in the future of primary care property 59

2014/15 Ex‐Div Date Record Date Payment Date Non‐PID PID Total Q4 8 Apr 20151 10 Apr 20151 22 Apr 20151 0.45p2 ‐2 0.45p2 Q3 7 Jan 20151 9 Jan 20151 21 Jan 20151 0.45p2 ‐2 0.45p2 Q2 8 Oct 20141 10 Oct 20141 22 Oct 20141 0.45p2 ‐2 0.45p2 Q1 9 Jul 20141 11 Jul 20141 23 Jul 20141 0.45p2 ‐2 0.45p2 2013/14 Ex‐Div Date Record Date Payment Date Non‐PID PID Total Q4 9 Apr 2014 11 Apr 2014 23 Apr 2014 0.45p ‐ 0.45p Q3 8 Jan 2014 10 Jan 2014 22 Jan 2014 0.45p ‐ 0.45p Q2 9 Oct 2013 11 Oct 2013 23 Oct 2013 0.3025p ‐ 0.3025p Q1 10 Jul 2013 12 Jul 2013 24 Jul 2013 0.3025p ‐ 0.3025p

1 Provisional date

Appendix 7.1

2 Provisional amount

Disclaimer

Investing in the future of primary care property 60

This presentation contains certain statements that are neither financial results nor other historical information. These statements are forward‐looking in nature and are subject to risks and uncertainties. Actual future results may differ materially from those expressed in or implied by these statements. Many of these risks and uncertainties relate to factors that are beyond Assura’s ability to control

• r estimate precisely, such as future market conditions, the behaviour of other market

participants, the actions of governmental regulators and other risk factors such as the Company’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends

• r conditions, including inflation and consumer confidence, on a global, regional or national

basis. Readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date of this document. Assura does not undertake any obligation to publicly release any revision to these forward‐looking statements to reflect events or circumstances after the date of these materials. Information contained in this presentation relating to the company

• r its share price, or the yield on its shares, should not be relied upon as a guide to future

performance.