New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Ryman Healthcare (RYM) has announced its much anticipated capital reset.</li><li>RYM is raising NZ$902m via a 1 for 2.81 accelerated pro-rata entitlement offer at an offer price of NZ$5.00 representing a ~17% discount to the TERP (NZ$6.03) and ~22% discount to RYM’s last close price (NZ$6.40).</li><li>RYM has also presented detail medium-term commentary.</li></ul>

Ryman Healthcare (RYM) has announced its much anticipated capital reset.RYM is raising NZ$902m via a 1 for 2.81 accelerated pro-rata entitlement offer at an offer price of NZ$5.00 representing a ~17% discount to the TERP (NZ$6.03) and ~22% discount to RYM’s last close price (NZ$6.40).RYM has also presented detail medium-term commentary.

Ryman Healthcare (RYM): Capital Reset – NZ$902m Capital Raise