ASPEN PHARMACARE HOLDINGS LIMITED - General repurchase of ordinary shares

General repurchase of ordinary shares

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1985/002935/06
JSE Share code: APN
ISIN: ZAE000066692
LEI: 635400ZYSN1IRD5QWQ94
 (“Aspen” or “the Company”, and together with its subsidiaries, the “Group”)

GENERAL REPURCHASE OF ORDINARY SHARES

1.     Introduction

Aspen is pleased to announce that the Company implemented an agency mandate ahead of its
FY2026 financial year-end followed by a closed period repurchase programme (“General
Repurchase”).

In compliance with paragraph 7.90 of the JSE Limited (“JSE”) Listings Requirements and pursuant
to the general authority granted by shareholders at the Company's annual general meeting held
on 4 December 2025, Aspen has, to date, cumulatively repurchased 13 330 879 ordinary shares,
representing approximately 3.0% of the Company's issued share capital as at the date of the
annual general meeting, at an average purchase price of approximately R148.17 per share. The
share repurchases reflect Aspen's disciplined capital allocation approach and confidence in the
Company’s long-term value creation prospects.

2.     Details of the General Purchase

 Dates of General Repurchase:                   29/05/2026 to 31/08/206
 Number of ordinary shares repurchased:         13 330 879
 Lowest price paid per ordinary share:          R137.50
 Highest price paid per ordinary share:         R160.00
 Average price paid per ordinary share:         R148.1678
 Total value of ordinary shares repurchased:    R1 975 207 504.66
 Remaining extent of authority outstanding      75 532 619 ordinary shares (representing
 after the General Repurchase:                  17% of ordinary shares in issue on 4
                                                December 2025, being the date on which the
                                                general authority was granted by
                                                shareholders)

The General Repurchase was effected through the order book operated by the JSE and done
without any prior understanding or arrangement between the Company and the counterparties.

The General Repurchase was partly conducted during a prohibited period pursuant to a
repurchase programme entered into prior to the commencement of the prohibited period, full
details of which repurchase programme were submitted to the JSE in accordance with the Listings
Requirements of the JSE.

An application will be made to the JSE for the delisting and cancellation of the repurchased
Shares, which is expected to occur on or about 15 September 2026.

Following the General Repurchase, the Company has 15 273 687 treasury shares as defined in the
Listings Requirements of the JSE.

3.       Source of funds

The General Repurchase has been funded from available cash resources.

4.       Statement by the Board

The Board has considered the effect of the General Repurchase and is of the opinion that, for a
period of 12 months following the date of this announcement:

     •   the Company and the Group will be able to pay its debts in the ordinary course of business;
     •   the total assets of the Company and the Group will be in excess of the liabilities of the
         Company and the Group. For this purpose, the assets and liabilities were recognised and
         measured in accordance with the accounting policies used in the latest audited annual
         group financial statements;
     •   the share capital, reserves and working capital of the Company and the Group will be
         adequate for ordinary business purposes; and
     •   the Company and the Group have passed the solvency and liquidity test and since the test
         was performed there have been no material changes in the financial position of the Group.

5.       Impact of the General Repurchase on Financial Information

The General Repurchase and related transaction costs have had no material impact on the
financial information of Aspen and will result in a decrease in the Company’s cash balances
corresponding to the approximate value of the ordinary shares repurchased.

Durban
02 September 2026

Sponsor:
Investec Bank Limited

Date: 02/09/2026 07:30:00
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