NETCARE LIMITED - Results of Annual General Meeting and update on CEO succession planning

Results of Annual General Meeting and update on CEO succession planning

NETCARE LIMITED
(Registration number 1996/008242/06)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
("Netcare")


RESULTS OF ANNUAL GENERAL MEETING AND UPDATE ON CEO SUCCESSION PLANNING


Shareholders are advised that the voting results of the virtual annual general meeting of Netcare ("AGM") held
on Friday, 7 February 2025, were as follows:

  Resolutions                            Number of     Percentage         For**      Against**     Abstained***
                                      shares voted      of shares             %              %                %
                                                        in issue*
                                                                %
  Ordinary resolution number 1
  Re-election and election of
  directors

  Ordinary resolution number 1.1     1 005 547 997         70,94%        94,93%          5,07%            0,68%
  B Bulo

  Ordinary resolution number 1.2     1 005 659 503         70,94%        97,73%          2,27%            0,67%
  L Human

  Ordinary resolution number 1.3     1 005 659 503         70,94%        92,13%          7,87%            0,67%
  I Kirk

  Ordinary resolution number 2       1 015 022 158         71,60%        97,57%          2,43%            0,01%
  Re-appointment of independent
  external auditors

  Ordinary resolution number 3
  Appointment of Audit
  Committee members

  Ordinary resolution number 3.1     1 005 659 503         70,94%        72,42%         27,58%            0,67%
  B Bulo (Chair)

  Ordinary resolution number 3.2     1 005 659 503         70,94%        94,22%          5,78%            0,67%
  I Kirk

  Ordinary resolution number 3.3     1 005 659 503         70,94%        99,98%          0,02%            0,67%
  L Stephens

  Ordinary resolution number 4       1 015 022 158         71,60%        98,61%          1,39%            0,01%
  Signature of documents

  Non-binding resolution             1 014 998 919         71,60%        91,00%          9,00%            0,01%
  number 1
  Approval of the remuneration
  policy

  Non-binding resolution             1 014 998 919         71,60%        95,83%          4,17%            0,01%
  number 2
  Approval of the implementation
  report

  Special resolution number 1        1 014 999 030         71,60%       100,00%          0,00%            0,01%
  General authority to repurchase
  shares

  Special resolution number 2        1 015 022 158         71,60%        98,59%          1,41%            0,01%
  Approval of non-executive
  directors' remuneration for the
  period 1 October 2023 to 
  30 September 2025

  Special resolution number 3        1 015 022 158         71,60%        93,96%          6,04%            0,01%
  Financial assistance to related
  and inter-related companies in
  terms of Sections 44 and 45 of
  the Companies Act

*          Based on 1 417 549 301 ordinary shares in issue as at the date of the AGM.
**         In relation to the total number of ordinary shares voted at the AGM.
***        In relation to the total number of ordinary shares in issue as at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Netcare
shareholders represented at the AGM.

Shareholders are further advised that, with regard to the CEO succession, the selected candidate recently informed
the Netcare board (the "Board") that certain unforeseen contractual obligations will not make it possible to assume
the role of Netcare CEO within the agreed timeframe. In light of this, Dr. Friedland has accepted the Board's request
to continue serving as the Group CEO until the end of September 2026. In the interim, the Board remains committed
to the CEO succession planning process and will continue working towards identifying a suitable candidate to ensure
a smooth and strategic transition.

Johannesburg
7 February 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 07-02-2025 12:23:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.