ASPEN PHARMACARE HOLDINGS LIMITED - Directors dealings

Directors dealings

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
("Aspen" or "the Company")


DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with paragraph 3.63 of the Listings Requirements of the
JSE Limited, disclosure is made of the following information:


Director                       :   Trevor Ziman
Subsidiary Company             :   Aspen Asia Pacific Pty Limited
Date of transaction            :   31 October 2012
Nature of transaction          :   Exercise of share appreciation
                                   rights
Number of securities           :   49,079
Class of securities            :   Ordinary shares
Grant price                    :   R41.03
Exercise price                 :   R149.99
Value of Transaction           :   R7 361 359.21
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

Director                       :   Gregory Lan
Subsidiary Company             :   Aspen Asia Pacific Pty Limited
Date of transaction            :   31 October 2012
Nature of transaction          :   Exercise of share appreciation
                                   rights
Number of securities           :   49,079
Class of securities            :   Ordinary shares
Grant price                    :   R41.03
Exercise price                 :   R149.99
Value of Transaction           :   R7 361 359.21
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes


All exercises of share appreciation rights are deemed to be off-market
trades.

Durban
1 November 2012

Sponsor
Investec Bank Limited

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