ASCENDIS HEALTH LIMITED - Fulfillment of conditions and renewal of cautionary

Fulfillment of conditions and renewal of cautionary

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


FULFILMENT OF OUTSTANDING CONDITIONS PRECEDENT REGARDING THE
ACQUISITION BY ASCENDIS OF AKACIA HEALTHCARE HOLDINGS
PROPRIETARY LIMITED (“AKACIA”) AND RENEWAL OF CAUTIONARY


Ascendis shareholders are referred to the SENS announcement dated 19 November
2015 advising of Ascendis entering into an agreement with the shareholders of Akacia
to acquire 100% of the pharmaceutical business of Akacia (“the Acquisition”), subject
to the fulfilment of certain conditions precedent.

The Company’s board of directors is pleased to announce that all outstanding
conditions precedents have been fulfilled which accordingly renders the Acquisition
unconditional.

Shareholders are advised that the cautionary announcement released on SENS on
14 March 2016 is still in effect as negotiations are ongoing and accordingly
shareholders must continue to exercise caution when dealing in the Company’s
securities until a full announcement is made.


13 April 2016
Johannesburg

Arranger and Financial Advisor
Coast2Coast Capital Proprietary Limited

Sponsor
Investec Bank Limited

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