Aspen Pharmacare Holdings Limited - Announcement

Aspen Pharmacare Holdings Limited - Announcement                                
Aspen Pharmacare Holdings Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1985/002935/06)                                            
(Share code APN         ISIN: number ZAE000066692)                              
("Aspen")                                                                       
ANNOUNCEMENT                                                                    
Aspen Pharmacare Holdings Limited ("Aspen") is pleased to announce that its     
subsidiary company, Pharmacare Limited ("Pharmacare"), which trades as Aspen    
Pharmacare, has settled the long-running dispute with Tibbett & Britten Africa  
(Pty) Limited (now owned by Exel plc ("Exel") which has previously been reported
to shareholders.  The Tibbett & Britten claim for R39 million in additional     
distribution fees has been withdrawn, and the previously reported contingent    
liability in this regard is therefore eliminated.                               
In other agreements reached, Pharmacare has entered into a new five year        
arrangement with Exel subsidiary, Kinesis Logistics (Pty) Limited for the       
performance of Pharmacare"s fine distribution whilst Pharmacare will take       
control of its own bulk distribution which was previously performed by Exel.    
7 November 2005                                                                 
Sponsor:  Investec Bank Ltd                                                     
Date: 07/11/2005 02:43:16 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department