ASCENDIS HEALTH LIMITED - Trading Statement

Trading Statement

ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
Share code: ASC ISIN: ZAE000185005
(“Ascendis” or “the Company”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited’s Listings Requirements, Ascendis
shareholders are hereby advised that the Company’s financial results for the six
months ended 31 December 2015 are expected to be more than 20% higher than the
previous corresponding period.

The table below illustrates the ranges anticipated against the comparative period:

                                              6 months ended   6 months ended
                                              31 December      31 December      % increase
                                              2015             2014

Normalised Headline Earnings                 R146m – R154m    R107m            36% – 44%

Normalised Headline Earnings per share       54 – 57 cents    43 cents         26% – 33%

Basic Earnings/Headline Earnings             R124m – R133m    R89m             39% – 49%

Basic Earnings/Headline Earnings per share   46 – 49 cents    35 cents         31% – 40%

Profit after tax (note #4)                   R128m – R134m    R89m             44% – 51%


Notes:

   1. Normalised headline earnings comprise basic earnings adjusted for specific
       non-trading items and once-off costs.
   2. NHEPS comprises normalised headline earnings per share adjusted for
       specific non-trading items and once off costs.
   3. The “per share” measures reflect a lower percentage increase than the
       earnings numbers due to the change in weighted average number of shares
       of c.21m being an increase of 8%, due to additional shares issued by
       Ascendis during the course of the six month period.
   4. The profit after tax is exclusive of minority shareholders’ interests.

The financial information on which this trading statement is based has not been
reviewed or reported on by the Company’s auditors.

Shareholders are advised that the results for the six months ended 31 December
2015 are scheduled to be released on SENS on 9 March 2016 and to be presented
in Cape Town on the 9th of March 2016 and Johannesburg on the 10th of March 2016.

2 March 2016

Johannesburg

Sponsor
Investec Bank Limited

Date: 02/03/2016 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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