ASPEN PHARMACARE HOLDINGS LIMITED - Trading Statement

Trading Statement

Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN & ISIN: ZAE000066692
("Aspen")



Trading statement
Aspen shareholders are hereby advised that diluted normalised headline earnings per
share (“DNHEPS”) from continuing operations, headline earnings per share and
earnings per share for the 12 months ended 30 June 2013 are expected to exceed those
reported in the comparative period, ended 30 June 2012, within the following ranges:

                Measure                             Range                    Notes
DNHEPS from continuing operations                 26% to 33%                   1
Headline earnings per share                       16% to 23%                   2
Earnings per share                                16% to 23%                   3


Notes:

1. DNHEPS from continuing operations comprises diluted headline earnings per share
   adjusted for specific non-trading items. DNHEPS is the primary measure used by
   management to assess Aspen’s underlying financial performance.

2. The growth in headline earnings per share has been diluted by the effect of an
   increase in the weighted average number of ordinary shares in issue as a
   consequence of the conversion of 17.6 million preference shares into an equivalent
   number of ordinary shares on 28 June 2012.

3. The growth in earnings per share has been diluted as a result of capital profits on the
   disposal of discontinued businesses and products in the prior year and the effect of
   an increase in the weighted average number of ordinary shares in issue as a
   consequence of the conversion of 17.6 million preference shares into an equivalent
   number of ordinary shares on 28 June 2012.


The financial results on which this trading announcement is based have not been
reviewed or reported on by Aspen`s external auditors.

Aspen`s audited results for the 12 months ended 30 June 2013 are scheduled to be
published on SENS on 11 September 2013.

Durban
30 August 2013

Sponsor: Investec Bank Limited

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