ASCENDIS HEALTH LIMITED - Resignation of chief Financial offer

Resignation of chief Financial offer

Ascendis Health Limited
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
Share code: ASC
ISIN: ZAE000185005
(“Ascendis” or “the Group”)

RESIGNATION OF CHIEF FINANCIAL OFFICER

In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, shareholders are advised that Robbie Taylor has resigned as chief
financial officer (“CFO”) and director of Ascendis Health Limited and will be
leaving Ascendis with effect from 30 June 2015.

Ascendis chairman, John Bester, commented: “We would like to thank Robbie
for the role he has played in the Group over the past three years, particularly
through the successful listing of Ascendis on the JSE. Robbie plans to take a
sabbatical, get involved in community work and enjoy a break from the
corporate environment. He has agreed to consult to the group to facilitate a
smooth transition to the new CFO. We wish Robbie every success in the
future.”

Management plans to start the selection process for a new CFO immediately.
Owing to the Group’s increasing presence in Africa and its international
growth ambitions the board has determined that the new CFO will be based at
the Group’s operations head office in Johannesburg.

Johan van Schalkwyk who is currently a director of Ascendis’s major
shareholder and investment group Coast2Coast, has been appointed as
interim CFO with immediate effect until a new CFO has been appointed.
Johan is a chartered accountant having placed 1st in the SAICA Board exam.
He holds a Masters degree in Management Studies from the University of
Cambridge. He has extensive financial, commercial and international
experience gained from his experience at Deloitte and McKinsey Inc., with 6
years spent at both Rand Merchant Bank and Standard Chartered. He has
played a leading role in several of the M&A transactions undertaken by
Ascendis.

24 April 2015
Cape Town

Sponsor
Investec Bank Limited

Date: 24/04/2015 11:35:00 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.