CMP - Cipla Medpro South Africa Limited - Voluntary disclosure of share

CMP - Cipla Medpro South Africa Limited - Voluntary disclosure of share         
buyback                                                                         
CIPLA MEDPRO SOUTH AFRICA LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/018027/06)                                            
(ISIN Number: ZAE000128179   Share Code: CMP)                                   
("Cipla Medpro" or "the Company")                                               
VOLUNTARY DISCLOSURE OF SHARE BUYBACK                                           
The directors of Cipla Medpro ("the Directors") are pleased to advise           
shareholders that as announced in the interim results for the six months ended  
30 June 2011, the Company has now undertaken a repurchase of its shares ("the   
repurchase") in terms of a general authority to repurchase shares approved by   
shareholders at the annual general meeting held on 25 May 2011.                 
Details of the repurchase which was done over the period 16 November 2011 to    
25 November 2011 are as follows:                                                
-    7,564,796 shares were acquired at a price of between R6.49 and R6.60 per   
    share;                                                                      
-    the repurchase represents approximately 1.7% of Cipla Medpro`s issued      
    share capital; and                                                          
-    the total value of the repurchase, including costs, was R50 million.       
The Directors believe that the current Cipla Medpro share price is undervalued  
and as a result resolved to buy back shares below a certain price level. The    
Directors will reassess the position as required, to determine if more shares   
should be repurchased.                                                          
Durban                                                                          
30 November 2011                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 30/11/2011 15:27:11 Supplied by www.sharenet.co.za                     
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