APN - Aspen Pharmacare Holdings - Further announcement regarding the acquisition

APN - Aspen Pharmacare Holdings - Further announcement regarding the acquisition
of The Pharmaceutical Business of Sigma Pharmaceticals Limited by Aspen         
ASPEN PHARMACARE HOLDINGS LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1985/002935/06)                                            
Share code:  APN   ISIN: ZAE000066692                                           
("Aspen")                                                                       
FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF THE PHARMACEUTICAL BUSINESS OF
SIGMA PHARMACETICALS LIMITED ("SIGMA") BY ASPEN                                 
Aspen shareholders are referred to the announcement released on the Securities  
Exchange News Service of the JSE Limited on 16 August 2010 wherein Aspen        
announced that the Aspen Group had agreed in principle to acquire the           
pharmaceutical business conducted by Sigma on a debt-free basis for a cash      
consideration of A$900 million (approximately ZAR 6 228 million at current      
exchange rates) ("the Transaction").                                            
Aspen has now reached formal agreement with Sigma on the terms and conditions of
the Transaction and the ongoing relationship between the two companies.         
The Transaction is subject to a number of conditions precedent, including Sigma 
Shareholder, Sigma Lender and Australian Regulatory approval.  It is anticipated
that Sigma will hold an Extraordinary General Meeting for the purposes of       
Sigma`s Shareholders considering the Transaction in mid-January 2011.           
Subject to satisfaction of the conditions precedent, the Transaction is         
scheduled to conclude on 31 January 2011.                                       
Woodmead                                                                        
23 November 2010                                                                
Investment Bank and Sponsor to Aspen                                            
Investec Bank Limited                                                           
(Registration number 1969/004763/06) and                                        
Investec Bank (Australia) Limited                                               
Date: 23/11/2010 08:33:21 Supplied by www.sharenet.co.za                     
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