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 JSE Listings Requirements, the following information,
relating to dealings in securities by an associate of directors, 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

                                    On 20 May 2016, Gane Holdings issued a convertible
                                    debenture, which is currently redeemable at a price per share
                                    determined using a negotiated pricing mechanism. As a result,
                                    Gane Holdings is now transferring Ascendis shares in
                                    settlement of the obligation.

                                    These shares are subject to a lock in period of 2 years from the
                                    date of redemption.

Date of transaction:                30 October 2018

Class of shares:                    Ordinary shares

Number of shares:                   1,453,666

Price per share:                    R22.59

Value:                              R32,838,314.94

Written clearance obtained:         Clearance was obtained from the Chairman


Bryanston
2 November 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

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