ASCENDIS HEALTH LIMITED - Dealings in securities by an associate of a director

Dealings in securities by an associate of a director

Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC
ISIN: ZAE000185005
(“Ascendis” or “the Company”)


Dealings in securities by an associate of a director


In terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following
information, relating to dealings in securities by an associate of a director, is disclosed:

Director:                           Gary Shayne

Type of director:                   Non-executive director

Name of associate:                  Gane Holdings Proprietary Limited (“Gane Holdings”)

Nature and extent of interest:      Indirect beneficial – through Gane Holdings, in which Gary
                                    Shayne holds an indirect controlling shareholding through the
                                    ultimate holding company, Coast2Coast Communications
                                    Limited (“C2C”)

Nature of transaction:              Sale, off market

                                    Gane Holdings has entered into a financing agreement with an
                                    institutional lender (“Lender”), in terms of which Gane Holdings
                                    will be provided with a loan that is to be secured by pledged
                                    Ascendis shares (“Security Shares”). One of the primary
                                    purposes of the loan is to fund the purchase of Ascendis shares
                                    by C2C.

                                    The Security Shares will be transferred to the Lender in
                                    tranches for the duration of the financing arrangement. On
                                    settlement of the loan, the Security Shares will be returned to
                                    Gane Holdings.

Date of transaction:                19 October 2018

Class of shares:                    Ordinary shares

Number of shares:                   Up to a total of 18,000,000 shares, in tranches as and when
                                    Gane Holdings elects

Price per share:                    The pricing of each tranche of Security Shares will be
                                    determined as the average closing price of shares over the 5
                                    business days ending on a date 5 business days after the date
                                    on which that tranche of Security Shares is pledged. This
                                    equates to R8.95 per share had the 5 business days ended on
                                    18 October 2018.


Value:                              R161,100,000 in aggregate, assuming a price per share of
                                    R8.95 for all tranches

Written clearance obtained:         Clearance was obtained from the Chairman

Bryanston
22 October 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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