CAPITALISATION SHARE AWARD - NETWORK HEALTHCARE HOLDINGS LIMITED

NETWORK HEALTHCARE HOLDINGS LIMITED
(REGISTRATION NUMBER 96/08242/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
CAPITALISATION SHARE AWARD

1. PURSUANT TO THE NOTICE PUBLISHED TOGETHER WITH THE RESULTS FOR THE FINANCIAL
YEAR ENDED 30 SEPTEMBER 1997, THE DIRECTORS HAVE RESOLVED TO AWARD

CAPITALISATION SHARES TO ORDINARY SHAREHOLDERS REGISTERED AS SUCH IN THE BOOKS
OF THE COMPANY ON FRIDAY, 23 JANUARY 1998 IN THE RATIO OF 1,5385 NEW FULLY PAID
ORDINARY SHARES FOR EVERY 100 HELD.

2. WHERE ENTITLEMENTS TO NEW ORDINARY SHARES RESULT IN FRACTIONS OF SHARES,
SUCH FRACTIONS WILL NOT BE ALLOCATED AND ISSUED, BUT WILL INSTEAD BE AGGREGATED
AND SOLD ON THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") FOR THE BENEFIT OF SUCH
SHAREHOLDERS, BASED ON THE PREVAILING ORDINARY SHARE PRICE.

3. THE CAPITALISATION SHARES WILL BE LISTED ON THE JSE ON MONDAY, 26 JANUARY
1998 AND THE SHARE CERTIFICATES AND FRACTION CHEQUES POSTED ON FRIDAY, 30
JANUARY 1998.

4. THE NEW ORDINARY SHARES TO BE ISSUED PURSUANT TO THE AWARD WILL BE ISSUED AS
FULLY PAID UP BY WAY OF CAPITALISATION OF THE COMPANY'S SHARE PREMIUM ACCOUNT.
SANDTON
20 JANUARY 1998
JOINT SPONSORING BROKERS
MERRILL LYNCH SMITH BORKUM HARE (PTY) LTD
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER. 95/01805/07
SOCIETE GENERALE FRANKEL POLLAK (PTY) LTD
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER. 96/05886/07