Dear Shareholder,

Share Purchase Plan
On behalf of the Directors of Promisia, I am pleased to offer you an opportunity to participate in a share purchase plan announced to the market on Tuesday 25 June 2024. We seek to raise NZD$3 million through the Offer and under placements being undertaken in conjunction with this Offer with an ability to accept $1 million in oversubscriptions. 

Purpose of the Offer 
Promisia is undertaking this capital raise to fund its growth. The funds raised under this Offer will be invested into funding the acquisition of Golden View Lifestyle Village and Ripponburn Lifestyle Village in Cromwell.  Our goal is to continue our revenue growth and achieve profitability in the near term. Our investor presentation is available on the NZX website under the ticker code “PHL” for further information concerning these acquisitions. 

Offer Terms
The maximum number of Shares available under this Offer is 4,000,000,000 Shares. You may apply up to $50,000 of Shares for an offer price of $0.001 per Share with the ability to oversubscribe. Any oversubscription amounts may be scaled in accordance with the terms set out in this Offer Document. Existing Shareholders will have their applications preferred in the event of scaling. For every 1 Share allotted under this Offer, Applicants will receive 1 Warrant. Each Warrant entitles a holder to subscribe for a Share in PHL for NZD$0.002 at any time until 24 March 2027 at the holder’s discretion.

The full Terms and Conditions of this Offer and how you can participate in it are contained in this Offer Document. You are encouraged to read these Terms and Conditions in their entirety before you decide whether to participate. 

If you choose to apply for Shares under this Offer, please apply online here. Eligible shareholders have until 5.00pm (New Zealand time) on 29 July 2024 to apply for new Shares under the SPP offer. 

On behalf of the Directors, I thank you for your support of Promisia.

Yours sincerely,

Rhonda Sherriff 
Chair