RESULTS OF THE PALADIN OFFER TO MINORITY SHAREHOLDERS LITHA HEALTHCARE GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2006/006371/06) Share code: LHG ISIN: ZAE000144671 ("Litha" or "the Company" or “the Group”) PALADIN Labs Inc. Incorporated in Canada TSX SYMBOL: PLB (“Paladin”) RESULTS OF THE PALADIN OFFER TO MINORITY SHAREHOLDERS Shareholders of Litha (“shareholders”) are referred to the various announcements released on the Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on 21 February 2012, 7 May 2012, 6 June 2012, 22 June 2012 and 3 July 2012, in respect of the Paladin Offer to Minority shareholders of Litha as detailed in the circular distributed to shareholders and dated 7 May 2012 (“the Circular”). All terms in this announcement bear the same meaning as set out in the Circular. Shareholders are advised that the Paladin Offer closed at 12:00 on Friday, 20 July 2012 and attracted acceptances in respect of 94 136 Litha shares. Accordingly, Paladin has now acquired an additional 0,02% interest in Litha, as a consequence of which its holding has increased from 44,52% to 44,54% of Litha's issued share capital, net of treasury shares. Shareholders are further advised that the Paladin Offer has been successfully concluded and is now closed. Payment of the Paladin Offer Consideration has already been made for 25 000 Litha shares and payment for the balance of the Litha shares in respect of which acceptances were received being 69 136 was settled today, Monday, 23 July 2012 as follows: - The Paladin Offer Consideration was credited to the Paladin Offer Participant’s accounts at his CSDP or broker (as the case may be), in cases where the shares surrendered were held by such CSDP or broker as nominee for the Paladin Offer Participant. - Cheques were posted to or credited to the bank accounts of the Paladin Offer Participant (who held their shares in their own names) at the Paladin Offer Participant’s own risk, in settlement of the Paladin Offer Consideration. Midrand 23 July 2012 Merchant bank and sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Transaction originator and debt underwriter Blackstar Independent expert BDO Corporate Finance Proprietary Limited Reporting Accountants Mazars Moores Rowland Legal advisors to Litha and Blackstar Edward Nathan Sonnenbergs Inc Independent Sponsor Deloitte & Touche Sponsor Services Proprietary Limited South African legal advisors to Paladin Werksmans Inc Canadian legal advisors to Paladin Davies Ward Phillips & Vineberg LLP Date: 23/07/2012 02:37:00 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.