MDC - Medi-Clinic - Acquisition of interest in Klinik Stephanshorn

MDC - Medi-Clinic - Acquisition of interest in Klinik Stephanshorn              
Medi-Clinic Corporation Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1983/010725/06)                                           
ISIN: ZAE000074142                                                              
Share Code: MDC                                                                 
("Medi-Clinic")                                                                 
ACQUISITION OF INTEREST IN KLINIK STEPHANSHORN                                  
Medi-Clinic is pleased to announce the acquisition by its Swiss business,       
Hirslanden, of a 66,67% interest in Klinik Stephanshorn from the Blumenau-      
Leonie-Hartman Foundation ("the transaction"). The parties to the               
transaction have agreed not to disclose the purchase consideration, which       
will be funded from internal sources. An offer will also be made to the         
other minority shareholders of Klinik Stephanshorn.                             
Klinik Stephanshorn, an 85-bed multi-disciplinary hospital, is the largest      
private hospital in the canton of St Gallen and the only in the city of St      
Gallen. It has always been earmarked for incorporation in the Hirslanden        
group because of its strategic value. Together with Hirslanden`s existing 62-   
bed hospital, Klinik Am Rosenberg, situated in the nearby Heiden, Appenzell     
Ausserrhoden, it significantly strengthens Hirslanden`s strategic position      
in Eastern Switzerland. The two hospitals complement each other and will        
create synergies for current and future development of acute hospital care      
in Eastern Switzerland.                                                         
The transaction is expected to close on or about 1 October 2010. After the      
transaction, the Hirslanden group will consist of 14 hospitals with 1 457       
beds in 10 cantons.  The market offers many growth opportunities and to         
capitalise on the full growth potential of the transaction, further capital     
expenditure is planned. This is expected to take place by 2015 and will         
further enhance investment returns.                                             
Stellenbosch                                                                    
29 July 2010                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 29/07/2010 17:00:02 Supplied by www.sharenet.co.za                     
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