NTCP - Netcare Limited - Clarification statement regarding the impact of

NTCP - Netcare Limited - Clarification statement regarding the impact of        
withholding tax                                                                 
NETCARE LIMITED                                                                 
(Co. Reg. No. 1996/008242/06)                                                   
Code: NTCP                                                                      
ISIN number: ZAE000081121                                                       
("Netcare" or the "Company")                                                    
CLARIFICATION STATEMENT REGARDING THE IMPACT OF WITHHOLDING TAX                 
In anticipation of the implementation on 1 April 2012 of the withholding tax on 
dividends Netcare wishes to confirm that the dividends payable to preference    
shareholders will be increased by 10% ("grossed-up") after the dividend tax law 
change becomes effective. This is in accordance with its placing memorandum     
applicable to the preference shares and its memorandum of incorporation which   
addresses the impact of amendments to the Income Tax Act on preference          
shareholders. In terms of the legal and accounting opinions procured it should  
be noted that Netcare is under no legal obligation to adjust its dividend rate  
but has subject to board approval elected to do so for the benefit to all       
preference shareholders.                                                        
A Sens announcement to this effect will be released on 2 April 2012.            
09 March 2012                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 09/03/2012 16:31:01 Supplied by www.sharenet.co.za                     
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