ADVANCED HEALTH LIMITED - Restructuring Voluntary Update

Restructuring Voluntary Update

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049        JSE Code: AVL


RESTRUCTURING VOLUNTARY UPDATE


Shareholders are referred to the Restructuring Cautionary SENS announcement released on Monday,
27 July 2020, in which Advanced Health advised that it is in the process of considering measures to
restructure the Advanced Health Group, to simplify the group structure, reduce operational and overhead
costs and to inject the necessary cash resources to ensure continued solvency and liquidity of Advanced
Health and the subsidiaries for the foreseeable future.

In terms of simplifying the group structure, Advanced Health is in the process of restructuring the
shareholding of some of] the hospital facilities by transferring the shareholdings from its 100% owned
operating subsidiary, Advanced Health South Africa Proprietary Limited, to Advanced Health, in order to
ensure the continued solvency and liquidity of these day hospitals. The process is still ongoing and subject to
due diligence and transaction agreements being finalised, which is expected to be completed by
18 September 2020. Further details will be provided once the final terms have been agreed.


Renewal of Cautionary
Should the restructuring conclude successfully, this may have a material effect of the price of the Company’s
securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Company’s securities until further full announcements are made.


Johannesburg
17 August 2020

Designated Advisor
Grindrod Bank Limited

Date: 17-08-2020 03:30:00
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