Mr. Zach Vaughan reports

VITAL INFRASTRUCTURE PROPERTY TRUST ANNOUNCES $300 MILLION OFFERING OF 4.865% SERIES C SENIOR UNSECURED DEBENTURES AND EARLY REDEMPTION OF SERIES H CONVERTIBLE DEBENTURES

Vital Infrastructure Property Trust has priced a private placement offering of $300-million aggregate principal amount of 4.865 per cent Series C senior unsecured debentures, maturing on Oct. 15, 2029. Closing of the offering is expected to occur on or about Oct. 13, 2026. The Series C debentures will be issued at a price of $1,000 per $1,000 principal amount of Series C debentures. The offering is being made through a syndicate of agents co-led by RBC Capital Markets, Scotiabank and National Bank of Canada Capital Markets, together with TD Securities, BMO Capital Markets, CIBC Capital Markets and Desjardins Securities. It is expected that the Series C debentures will be rated "BBB" (low) with a stable trend by Morningstar DBRS.

The REIT also announced that it intends to redeem in full all of its outstanding 6.25 per cent Series H convertible unsecured subordinated debentures due Aug. 31, 2027. Formal notice of the redemption, which is expected to be completed on Oct. 26, 2026, is being delivered today to CDS & Co., the registered holder of the Series H convertible debentures, and to Computershare Trust Company of Canada, as trustee, in accordance with the terms of the trust indenture for the Series H convertible debentures.

The Series C debentures are being offered on a private placement basis in each of the provinces of Canada in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The Series C debentures will be direct senior unsecured obligations of the REIT, and will rank equally and rateably with one another and with all other unsecured and unsubordinated indebtedness of the REIT, except to the extent prescribed by law. The net proceeds of the offering will be used to repay outstanding indebtedness including the early redemption of the Series H convertible debentures and for general corporate purposes.

About Vital Infrastructure Property Trust

Vital Infrastructure Property provides investors with access to a portfolio of high-quality international health care real estate infrastructure. As at June 30, 2026, the REIT held interests in a diversified portfolio of 104 income-producing properties totalling 11.1 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australia. The REIT's portfolio of outpatient, inpatient, and other health research facilities is characterized by long-term indexed leases and stable occupancies. Vital Infrastructure leverages its global work force in six countries to serve as a long-term real estate partner to leading health care operators.

We seek Safe Harbor.