NETCARE LIMITED - Voluntary trading statement

Voluntary trading statement

NETCARE LIMITED
(Registration number 1996/008242/06)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
("Netcare" or the “Group”)

                                    VOLUNTARY TRADING STATEMENT

Netcare will be releasing its unaudited interim Group results for the six months ended 31 March 2022 (“H1
2022”) on Monday, 23 May 2022.

As a result of the improving trading environment detailed in the voluntary trading update of 26 April 2022,
earnings per share (“EPS”), headline earnings per share (“HEPS”) and adjusted HEPS for H1 2022 are
expected to vary from the financial results for the period ended 31 March 2021 (“H1 2021”) as set out in
the table below:
                           Reported results for         Expected results for                   % change
                                H1 2021 (cents)               H1 2022 (cents)
 EPS                                      26.3                  30.5 to 30.9              Less than 20%
 HEPS                                     26.6                  31.7 to 32.1                 19% to 21%
 Adjusted HEPS                            27.3                  35.0 to 35.4                 28% to 30%

Adjusted HEPS is the primary measure used by management to assess Netcare’s underlying financial
performance and has been adjusted for (i) amortisation of cash flow hedge accounting reserve/
ineffectiveness losses on cash flow hedges, (ii) fair value gains on derivative financial instruments, (iii)
recognition/reversal of loan impairments and (iv) corporate tax rate change.

The information provided in this trading statement has not been reviewed or reported on by Netcare’s external
auditors.

Johannesburg
19 May 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-05-2022 05:00:00
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