NTC - Network Healthcare Holdings Limited - Trading Statement

NTC - Network Healthcare Holdings Limited - Trading Statement                   
NETWORK HEALTHCARE HOLDINGS LIMITED                                             
(Registration number 14996/008242/06)                                           
Code: NTC                                                                       
ISIN number: ZAE000011953                                                       
("Netcare" or "the Group")                                                      
Trading Statement                                                               
This trading statement is issued in compliance with paragraph 3.4(b) of the     
Listings Requirements of the JSE Limited.                                       
In the 2006 financial year, the capital costs relating to the reorganization    
of long-term debt on the acquisition of General Healthcare were excluded in     
arriving at the Group`s headline earnings.  In terms of circular 8/2007         
"Headline Earnings" ("the circular") published in August 2007 by the South      
African Institute of Chartered Accountants, such costs are no longer excluded   
for the calculation of headline earnings.  Accordingly, in compliance with the  
circular, the Group will restate its 2006 headline earnings in the results      
announcement for the year ended 30 September 2007 to take this                  
reclassification into account. Accordingly the 2006 HEPS will be restated from  
56,2 cents to 44,3 cents and the fully diluted HEPS will be restated from 53,9  
cents to 43,7 cents.                                                            
In addition the 2007 headline earnings will be boosted by credit to taxation    
of GBP26,5m or R372,4m, as a result of the reduction in the UK corporate tax    
rate from 30% to 28%, of which 50.1% will accrue to Netcare shareholders.       
Having regard to the above, as well as the  favourable trading results for the  
year, Netcare`s headline earnings per share (HEPS) for the year ended 30        
September 2007 is expected to increase by between 70% and 80% compared to the   
HEPS reported for the year ended 30 September 2006, restated as set out above.  
Earnings per share (EPS), which does not require restatement for 2006, is       
expected to increase by between 45% and 55%.                                    
The Group`s results will be released via SENS on Monday, 19 November 2007.      
The financial information on which this trading statement is based has not      
been reviewed or reported on by the Company`s auditors.                         
Johannesburg                                                                    
12 November 2007                                                                
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 12/11/2007 12:11:35 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.