15 January 2013

Generation Healthcare REIT (ASX Code: GHC) GHC announces early debt refinance

APN Funds Management Limited, the Responsible Entity of Generation Healthcare REIT ('GHC' or the 'Fund'), is pleased to advise the completion of the refinance of all of its debt facilities.
The Responsible Entity announced back in June 2012 the early refinance of two of the Fund's three debt facilities totaling $69 million. The third facility of $41.2 million, due to expire in October 2013 has now been successfully refinanced early for a new 3.5 year term expiring in July 2016.
The facility's covenants remain unchanged and the pricing is reflective of a competitive process and current market pricing. Following this refinance the weighted average debt maturity profile of GHC has increased to 3.01 years, further enhancing the Fund's capital structure.

GHC's Chief Executive Officer, Miles Wentworth, said "The early refinancing of the last of the Fund's three facilities is consistent with the capital management objectives of GHC. GHC enjoys strong support from its lenders who are key stakeholders in the Fund."
For further information please contact
Miles Wentworth Investor Relations Chief Executive Officer T: +61 3 8656 1059. Generation Healthcare REIT
T: +61 3 8656 1000

About Generation Healthcare REIT

Generation Healthcare REIT (ASX code: GHC), is Australia's only healthcare ASX listed real estate investment trust. The portfolio of seven properties includes hospitals, medical centres, laboratories and other purpose- built healthcare facilities. The Fund partners with high quality healthcare tenants with strongly diversified income streams. The Fund has total assets under management of $208 million with investments located in Victoria and Queensland.

About APN Property Group

APN Property Group Limited (ASX code: APD) is one of Australia's leading real estate investment managers, with a strong record of investment performance. We actively invest in, develop and manage real estate and real estate securities on behalf of corporations, superannuation funds, high net worth and individual investors. As a specialist real estate investment manager, we are committed to delivering superior investment performance and outstanding service. APN Funds Management Limited is a wholly owned subsidiary of APN Property Group Limited. Further information on APN can be found at www.apngroup.com.au.

distributed by