ASPEN CAUTIONARY ANNOUNCEMENT

ASPEN HEALTHCARE HOLDINGS LIMITED
(FORMERLY MEDHOLD LIMITED)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 85/02935/06)
("ASPEN")
CAUTIONARY ANNOUNCEMENT

ASPEN SHAREHOLDERS ARE ADVISED THAT ASPEN HAS REACHED AGREEMENT IN PRINCIPLE
REGARDING THE DISPOSAL BY ASPEN TO ADCOCK INGRAM LIMITED ("ADCOCK") OF 100% OF
LAGAP PHARMACEUTICALS LIMITED ("LAGAP"), A COMPANY REGISTERED IN THE UNITED
KINGDOM AND ACQUIRED BY ASPEN PURSUANT TO THE ACQUISITION BY ASPEN OF THE
PHARMACEUTICAL BUSINESS OF SOUTH AFRICAN DRUGGISTS LIMITED.

ASPEN WILL DISPOSE OF LAGAP TO ADCOCK FOR A CASH CONSIDERATION OF R310 MILLION
SUBJECT TO, INTER ALIA, THE SATISFACTORY CONCLUSION OF A FORMAL DISPOSAL
AGREEMENT AND THE APPROVAL OF THE SOUTH AFRICAN RESERVE BANK.

ACCORDINGLY, ASPEN SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION IN DEALING IN
THEIR ASPEN SHARES UNTIL A FURTHER ANNOUNCEMENT IS MADE.
DURBAN
21 SEPTEMBER 1999
MERCHANT BANK
INVESTEC CORPORATE FINANCE
INVESTEC BANK LIMITED
(REGISTRATION NUMBER 69/04763/06)
ATTORNEYS
WERKSMANS ATTORNEYS
SPONSORING BROKER
INVESTEC SECURITIES LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NO. 72/08905/06