ASPEN PHARMACARE HOLDINGS LIMITED - Dealing in securities by directors

Dealing in securities by directors

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")


DEALING IN SECURITIES BY DIRECTOR AND BY DIRECTORS OF A MAJOR
SUBSIDIARY
In compliance with paragraph 3.63 of the Listings Requirements of the
JSE Limited, disclosure is made of the following information:

BY DIRECTOR OF THE COMPANY:

Director                       :     Michael Guy Attridge
Company                        :     Aspen Pharmacare Holdings Limited
Date of transactions           :     13 September 2012
Nature of transaction          :     Exercise of share appreciation
                                     rights
Class of securities            :     Ordinary shares

Number of securities           :     117 532
Grant price                    :     R35.53
Exercise price                 :     R 141.20

Number of securities           :     106 128
Grant price                    :     R41.03
Exercise price                 :     R 141.20
Value of Exercised Options     :     R 31 580 792.00


Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

BY DIRECTORS OF A MAJOR SUBSIDIARY

Director                       :     Sean Matthew Capazorio
Subsidiary Company             :     Pharmacare Limited
Date of transaction            :     13 September 2012
Nature of transaction          :     Exercise of share appreciation
                                     rights
Number of securities           :     23 964
Class of securities            :     Ordinary shares
Grant price                    :     R41.03
Exercise price                 :     R 141.20
Value of Transaction           :     R 3 383 716.80
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes



Director                       :     Gregory Lan
Subsidiary Company             :     Aspen Asia Pacific Pty Limited
Date of transaction            :     13 September 2012
Nature of transaction          :   Exercise of share appreciation
                                   rights
Number of securities           :   44 232
Class of securities            :   Ordinary shares
Grant price                    :   R35.53
Exercise price                 :   R 141.20
Value of Transaction           :   R 6 245 558.40
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes



Director                       :   Trevor Ziman
Subsidiary Company             :   Aspen Asia Pacific Pty Limited
Date of transaction            :   13 September 2012
Nature of transaction          :   Exercise of share appreciation
                                   rights
Number of securities           :   44 232
Class of securities            :   Ordinary shares
Grant price                    :   R35.53
Exercise price                 :   R 141.20
Value of Transaction           :   R 6 245 558.40
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes


All exercises of share appreciation rights are deemed to be off-market
trades.

Durban
14 September 2012

Sponsor
Investec Bank Limited

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