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NTC - Netcare Limited - Trading Statement NETCARE LIMITED (Registration number 1996/008242/06) Code: NTC ISIN number: ZAE000011953 ("Netcare" or "the Group") TRADING STATEMENT - AUDITED GROUP RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2010 In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported upon differ by at least 20% from that of the previous corresponding period. Netcare is in the process of finalising its audited Group results for the year ended 30 September 2010, which are expected to be released on SENS on or about 15 November 2010. Netcare`s principal business interests are in the geographical regions of South Africa and the United Kingdom. Both regions will report improved earnings for the year in their local currencies. Due to the strengthening of the Rand however, the lower conversion rates in 2010 will have an effect on the translated earnings of our UK subsidiary, General Healthcare Group Ltd. The Group`s earnings for last year included a capital profit from the Ampath sale. Accordingly the basic earnings comparisons for this year will reflect this non-recurring disposal. Having regard to the above, shareholders are advised that - given the comments on the Ampath disposal, basic earnings per share ("EPS") for the year ended 30 September 2010 are expected to be between 15% and 25% lower than the EPS for the year ended 30 September 2009; and headline earnings per share ("HEPS") however for the year ended 30 September 2010 are expected to be between 20% and 30% higher compared to the HEPS for the year ended 30 September 2009. The financial information on which the above trading statement has been provided has neither been reviewed nor reported on by Netcare`s auditors. Johannesburg 01 November 2010 Sponsor - Nedbank Capital Date: 01/11/2010 08:00:01 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.
