NETCARE LIMITED - Trading Statement

Trading Statement

NETCARE LIMITED
Incorporated in the Republic of South Africa
(Registration number 1996/008242/06)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
("Netcare")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a company is required to publish a
trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results
for the current reporting period will differ by at least 20% from those of the previous corresponding reporting
period.

Accordingly, shareholders are advised that earnings per share ("EPS"), headline earnings per share ("HEPS")
and adjusted HEPS for the year ended 30 September 2023 ("FY 2023") are expected to vary from the financial
results for the year ended 30 September 2022 ("FY 2022") as set out in the table below:

                                        Reported for                  Expected for                     Percentage
                                            FY 2022                       FY 2023                          change
                                             (cents)                        (cents)                           (%)
EPS                                             72.3                   93.3 to 95.4                29.0% to 32.0%
HEPS                                            74.0                  99.9 to 102.1                35.0% to 38.0%
Adjusted HEPS                                   83.2                 104.4 to 106.9                25.5% to 28.5%

Adjusted HEPS is the primary measure used by management to assess Netcare's underlying financial
performance and has been adjusted for inter alia impairments of financial assets and loans in the current and
prior year; and corporate tax rate change in the prior year.

Netcare intends releasing its annual results for FY 2023 on SENS on or about Monday, 20 November 2023.

The financial information on which this trading statement is based has not been reviewed or reported on by
Netcare's external auditors.

Johannesburg
14 November 2023

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

Date: 14-11-2023 04:02:00
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