NETCARE LIMITED - NETCARE /CLICKS - Netcare to outsource Medicross retail pharmacies and Netcare hospital front shops

NETCARE /CLICKS - Netcare to outsource Medicross retail pharmacies and Netcare hospital front shops

Netcare Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/008242/06
JSE share code: NTC
ISIN: ZAE000011953
(“Netcare”)

Clicks Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/000645/06
JSE share code: CLS
ISIN: ZAE000134854
CUSIP: 18682W205
(“Clicks”)


JOINT VOLUNTARY ANNOUNCEMENT: NETCARE TO OUTSOURCE
MEDICROSS RETAIL PHARMACIES AND NETCARE HOSPITAL RETAIL
FRONT SHOP OPERATIONS TO CLICKS

Shareholders are advised that Netcare has entered into a long-term agreement
to outsource their 37 retail pharmacies in the Medicross family medical and
dental centres (“Medicross”) and the 51 hospital retail front shop operations
(“front shops”) of the Netcare Hospital division to Clicks (“the Transaction”).

In terms of the agreement, Clicks will assume control of all Medicross
pharmacies and the front shops of the Netcare Hospital division. The agreement
excludes the dispensing of prescriptions in the Netcare Hospital pharmacies
which remain within Netcare’s hospital operations.

Specific employees involved in these areas of the business will be transferred to
Clicks on terms similar to their current conditions of employment and any other
employees indirectly affected will remain employed by Netcare on their current
conditions of employment.

The rationale for the Transaction is to offer an enhanced retail service offering to
both patients and consumers by affiliating the pharmacy and the front shops to
an experienced retail provider such as Clicks.

The implementation date of the Transaction is expected to be 1 October 2016,
subject to various conditions precedent and regulatory approvals, including
Competition Commission approval.
The Transaction is a non-categorised transaction in terms of the JSE Listings
Requirements for Netcare and Clicks and will have no material impact on the
earnings and financial positions of either Netcare or Clicks.

Shareholders are referred to the joint media statement on the websites of both
Clicks (www.clicksgroup.co.za) and Netcare (www.netcare.co.za).

Johannesburg
8 June 2016

Sponsor to Netcare
Deutsche Securities (SA) Proprietary Limited

Sponsor to Clicks
Investec Bank Limited

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