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NETCARE LIMITED - Trading Statement

Release Date: 16/05/2013 12:45
Code(s): NTC     PDF:  
Wrap Text
Trading Statement

NETCARE LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN number: ZAE000011953
("Netcare" or "the company")


                                        TRADING STATEMENT

In terms of rule 3.4 (b) of the JSE Listings Requirements, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported upon next will differ by at least 20% from that of the previous corresponding period.

Netcare is in the process of finalising its unaudited results for the six months ended 31 March 2013,
which are expected to be released on SENS on or about 20 May 2013.

Shareholders will recall the decision by the Board of Netcare during November 2012 which was
disclosed in the announcement of Netcare’s results for the financial year 2012, that pursuant to
evaluating the overall factors of control, including a decision to sell down Netcare’s interests in GHG
PropCo 1 to 50.0%, it was deemed appropriate for Netcare to deconsolidate the GHG Property
Businesses from 16 November 2012.

A non-cash profit on the loss of control of the GHG Property Businesses has therefore been
recognised in the unaudited results for the six months ended 31 March 2013. In accordance with
accounting standards, the profit on loss of control of the GHG Property Businesses is included in the
calculation of earnings per share (“EPS”), but is excluded from headline earnings per share (“HEPS”).

Shareholders are advised that in respect of the six months ended 31 March 2013, Netcare’s EPS is
expected to be between 475% and 495% higher than the prior year comparative period, whilst HEPS
is expected to increase by between 20% and 25%.

The above information has not been reviewed or reported on by Netcare’s auditors.


Johannesburg
16 May 2013

Sponsor
Nedbank Capital

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