Netcare - Approval of broad-based BEE transaction known as the HPFL initiative

Netcare - Approval of broad-based BEE transaction known as the HPFL initiative  
          Results of General Meeting of Netcare shareholders                    
Network Healthcare Holdings Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/008242/06)                                            
ISIN number: ZAE000011953 & JSE code: NTC                                       
("Netcare" or the "company")                                                    
APPROVAL OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION KNOWN AS THE     
HEALTH PARTNERS FOR LIFE ("HPFL") INITIATIVE:                                   
RESULTS OF GENERAL MEETING OF NETCARE SHAREHOLDERS                              
At the general meeting of shareholders of Netcare convened on Monday, 26        
September 2005 in terms of the Notice of General Meeting contained in the       
circular issued on 1 September 2005:                                            
1. Ordinary Resolution 1 relating to the allotment and issue of new ordinary    
shares and the disposal of the issued shares in Basfour for the purpose of      
implementing the Health Partners for Life initiative was passed by the requisite
majority.                                                                       
2. Ordinary Resolution 2 authorising the company to amend the Netcare Share     
Incentive Trust was passed as modified by the directors (having regard to       
feedback received from shareholders) in the following manner:                   
*    to increase the aggregate number of Netcare shares available for allocation
     under the scheme from 10% to 12,5% of the issued shares (instead of the 20%
     proposed in the Notice); and                                               
*    to permit the vesting of shares in tranches of 20% over a 5 year period    
     commencing 2 years after the acceptance date (as has been the case since   
     adoption of the scheme in November 1996), instead of the proposed vesting  
     in tranches of 25% over a 4 year period commencing 1 year after the        
acceptance date.                                                           
3. Special Resolution 1 was withdrawn by the directors, having regard to        
feedback received from shareholders.                                            
4. Special Resolution 2 authorising the specific repurchase of Netcare shares   
was passed by the requisite majority.                                           
5. Ordinary Resolution 3 authorising the directors to give effect to and        
implement Ordinary Resolutions 1 and 2 and Special Resolution 2 was passed by   
the requisite majority.                                                         
Following the success of the General Meeting, the Netcare Board is encouraged by
the support given by shareholders for the Health Partners for Life transaction, 
an initiative which will result in meaningful transformation and strategic      
benefits while bringing better care and empowerment to more people of South     
Africa.                                                                         
Sandton                                                                         
27 September 2005                                                               
Corporate Advisor                                                               
Java Capital (Proprietary) Limited                                              
Sponsor                                                                         
Merrill Lynch SA (Pty) Limited                                                  
Date: 27/09/2005 08:30:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department