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NETCARE LIMITED - Voluntary disclosure of short term extension of GHG PropCo 1 debt maturity date

Release Date: 15/10/2013 17:30
Code(s): NTCP     PDF:  
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Voluntary disclosure of short term extension of GHG PropCo 1 debt maturity date

NETCARE LIMITED
(Co. Reg. No. 1996/008242/06)
JSE Code – preference shares: NTCP
ISIN number: ZAE000081121
(“Netcare” or the “Company”)


VOLUNTARY DISCLOSURE OF SHORT TERM EXTENSION OF GHG PROPCO 1 DEBT MATURITY DATE

Shareholders are advised that the Board of Directors of GHG PropCo 1 (being the entities
which hold a portfolio of 35 United Kingdom hospital properties initially acquired in 2006) has
confirmed a short term extension of the initial loan maturity date of 15 October 2013 in
respect of its £1.5 billion debt facility, to enable continued negotiation of a longer term
restructuring of the GHG PropCo 1 loans.

As has been previously disclosed, discussions are continuing between the relevant
stakeholders with a view to achieving a consensual restructuring of the GHG PropCo 1
loans. Significant progress has been made in this respect. However, given the complex
nature of the restructuring, it has not been possible to reach agreement prior to the initial
loan maturity date of 15 October 2013.

On 15 October 2013, the loan maturity date has therefore been extended to 15 January
2014 pursuant to the terms of a short term amendment. Additionally, and subject to obtaining
prior written consent from 50.1% of designated lenders, the loan maturity date may be
further extended to 15 April 2014.

Further feedback, as appropriate, will be provided following the release of the Company’s
audited results for the year ended 30 September 2013.


15 October 2013

Sponsor
Nedbank Capital





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