ASPEN PHARMACARE HOLDINGS LIMITED - Voluntary Trading Statement

Voluntary Trading Statement

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


Voluntary Trading Statement

Aspen shareholders are hereby advised that normalised headline earnings per share
(“NHEPS”), headline earnings per share and earnings per share for the 12 months
ended 30 June 2015 are expected to exceed those reported in the comparative period,
ended 30 June 2014, within the following ranges:

         Measure             Range         Cents per share    Cents per share in     Notes
                                                                the comparative
                                                                        period -
                                                                  30 June 2014

NHEPS                     12% to 17%      1191.9 to 1245.1               1064.2        1

Headline earnings per     10% to 15%      1118.0 to 1168.9               1016.4        2
share

Earnings per share         1% to 6%       1108.9 to 1163.8                1097.9       3


Notes:

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

2. The percentage growth in headline earnings per share is lower than the percentage
   growth in NHEPS due to the effect of a foreign exchange gain related to transaction
   funding which reduced NHEPS in the prior year.

3. The percentage growth in earnings per share is lower than the percentage growth in
   headline earnings per share due to the effect of significant capital profits on the sale
   of certain non-core products during the prior year.

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

Aspen`s results for the 12 months ended 30 June 2015 are scheduled to be published
on SENS on 9 September 2015.

Durban
28 August 2015

Sponsor: Investec Bank Limited

Date: 28/08/2015 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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