APN - Aspen Pharmacare Holdings Limited - Response to Bloomberg report regarding

APN - Aspen Pharmacare Holdings Limited - Response to Bloomberg report regarding
the impact of the strike on Aspen`s H1 earnings                                 
ASPEN PHARMACARE HOLDINGS LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1985/0002935/06                                             
Share code:  APN                                                                
ISIN:  ZAE000066692                                                             
("Aspen" or "the Company")                                                      
RESPONSE TO BLOOMBERG REPORT REGARDING THE IMPACT OF THE STRIKE ON ASPEN`S H1   
EARNINGS                                                                        
Bloomberg`s reported after Aspen`s Annual General Meeting (AGM) this morning:   
"Aspen Pharmacare Holdings Ltd., the largest maker of generic drugs in the      
Southern Hemisphere, said a strike by workers in South Africa during its first  
half will have a "fairly severe" impact on earnings. Aspen Chief Executive      
Officer Stephen Saad commented at the company`s annual meeting of shareholders  
in Johannesburg today."                                                         
This report is a consequence of a statement made by Stephen Saad, Aspen`s Group 
Chief Executive Officer, in response to a question from a shareholder at the    
AGM.                                                                            
To clarify this matter, Aspen wishes to advise that Mr. Saad told shareholders  
in attendance that it was extremely difficult to evaluate the financial         
consequences of the strike, given that some of the production lost had          
subsequently been recovered and sales lost during the period of the strike would
have, at least, been partially recovered.                                       
Mr. Saad furthermore mentioned ZAR40 million in order to give context to the    
possible effect of the strike on operating profits.                             
Investors were alerted to the fact that the strike had impacted performance at  
the final results presentations made in September 2011 and in the annual report 
published early in November 2011.                                               
Woodmead                                                                        
1 December 2011                                                                 
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 01/12/2011 13:00:01 Supplied by www.sharenet.co.za                     
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