NETCARE RESULT OF GENERAL MEETING

NETWORK HEALTHCARE HOLDINGS LIMITED
(REGISTRATION NUMBER 96/08242/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
("NETCARE")
RESULT OF THE GENERAL MEETING OF SHAREHOLDERS

RAND MERCHANT BANK IS AUTHORISED TO ANNOUNCE THAT AT THE GENERAL MEETING OF
SHAREHOLDERS OF NETCARE ("SHAREHOLDERS") HELD ON 19 AUGUST 1999, SHAREHOLDERS
APPROVED THE RESOLUTION FOR THE SPECIFIC ISSUE FOR CASH OF UP TO 270 MILLION
ORDINARY SHARES IN NETCARE AT A PRICE OF 110 CENTS PER SHARE, TO FACILITATE THE
PURCHASE OF SHARES BY SELECTED ASSOCIATES OF NETCARE WHO HAVE DEMONSTRATED AN
INTEREST IN NETCARE'S HEALTHCARE ENTERPRISES.

THE AFOREMENTIONED RESOLUTION WAS PASSED BY THE HOLDERS OF 525 MILLION SHARES
REPRESENTING 99,3% OF SHAREHOLDERS PRESENT AT THE GENERAL MEETING IN PERSON OR
BY PROXY.
SANDTON
19 AUGUST 1999
MERCHANT BANK
RAND MERCHANT BANK
CORPORATE FINANCE
A DIVISION OF FIRSTRAND BANK LIMITED
SPONSORING BROKER
MERRILL LYNCH
SMITH BORKUM HARE
MERRILL LYNCH SOUTH AFRICA (PTY) LTD.
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 95/01805/07
ATTORNEYS
H R LEVIN
STRUCTURED & ARRANGED BY
PRIMEVEST
PRIMEVEST SECURITIES (PTY) LTD