ASCENDIS HEALTH LIMITED - Results of the General Meeting and update on Equity Raise

Results of the General Meeting and update on Equity Raise

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

RESULTS OF THE GENERAL MEETING AND UPDATE ON EQUITY RAISE

1.      General Meeting

Ascendis shareholders are advised that at the General Meeting of members held at Block A Silverwood, Steenberg
Office Park, Silverwood Close, Tokai, Cape Town, 7945, at 09:00 on Thursday, 11 August 2016, all the ordinary and
special resolutions as proposed in the Notice of the General Meeting were approved by the requisite majority of
members. In this regard, Ascendis confirms the voting results from the General Meeting as follows:

                                                                                          %             Number
Total number of shares that could be voted at meeting                                     100%          298,873,785
Total number of shares present/represented including proxies at meeting                   65.28%        195,094,108
Total number of members present/presented by representation                                             68


                                                                 Votes in       Votes        Abstain       Shares
                                                                 Favour         Against                    voted
Special Resolution Number 1                                      180,706,626    14,387,482   0             195,094,108
General authority to issue shares of the Company for cash        92.63%         7.37%        0.00%         100.00%

Ordinary Resolution Number 1                                     195,094,108    0            0             195,094,108
Approval of the implementation of the Scitec Transaction as      100.00%        0.00%        0.00%         100.00%
a Category 1 transaction

Ordinary Resolution Number 2                                     195,094,108    0            0             195,094,108
Approval of the implementation of the Remedica                   100.00%        0.00%        0.00%         100.00%
Transaction as a Category 1 transaction

Ordinary Resolution Number 3                                     195,049,785    44,323       0             195,094,108
Authority to sign all documents                                  99.98%         0.02%        0.00%         100.00%

Votes withheld are not votes in law and have not been counted in the calculation of the proportion of votes 'for' or
'against' a resolution. Proxy appointments which gave discretion to the Chairman have been included in the 'for'
total.

2.      Update on Equity Raise

With regards to the funding of the transactions referred to in Ordinary Resolution Number 1 and Ordinary
Resolution Number 2 above, Ascendis can confirm that as announced on SENS on 8 August 2016, the R1.2 billion
rights offer was three times oversubscribed, and the c.R1.5 billion vendor placement was also significantly over
subscribed.

Andy Sims
Company Secretary
Ascendis Health Limited

11 August 2016

Transaction Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Corporate Sponsor
Investec Bank Limited

Date: 11/08/2016 12:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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