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 2014, which are expected to be released on SENS on or about 19 May 2014. Shareholders will recall that a non-recurring, non-cash profit on the loss of control of the GHG Property Businesses in the amount of R3 270 million was reported in the comparative six-month period ended 31 March 2013. In accordance with accounting standards, this profit on loss of control of the GHG Property Businesses was included in the calculation of earnings per share (“EPS”), although it is excluded from the calculation of headline earnings per share (“HEPS”). Shareholders are advised that in respect of the six months ended 31 March 2014, due to the non- recurring nature of the comparative period’s profit on loss of control of the GHG Property Businesses, Netcare’s EPS are expected to be between 65% and 85% lower than the prior year comparative period. Aside from this non-recurring, non-cash benefit this trading statement would not be necessary. The above information has not been reviewed or reported on by Netcare’s auditors. Johannesburg 15 May 2014 Sponsor Nedbank Capital Date: 15/05/2014 04:30:00 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.