ASCENDIS HEALTH LIMITED - ASC - Fulfilment of all outstanding conditions precedent relating to the acquisitions of Remedica and Scitec

ASC - Fulfilment of all outstanding conditions precedent relating to the acquisitions of Remedica and Scitec

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

FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT RELATING TO THE
ACQUISITIONS OF REMEDICA AND SCITEC

1.    INTRODUCTION

      Shareholders of Ascendis Health (“Shareholders”) are referred to the announcement released
      on the Stock Exchange News Service of the JSE Limited on 24 May 2016, wherein
      Shareholders were advised that Ascendis Health had entered into agreements to acquire,
      directly or indirectly, through two distinct and divisible transactions:
      -      The entire issued share capital of Remedica Holdings Limited, a pharmaceutical
             company based in Cyprus (“Remedica Transaction”); and
      -      The entire issued share capital of Scitec International S.à r.l., a European sports nutrition
             company (“Scitec Transaction”); and
      the circular to Shareholders dated 12 July 2016, setting out the details of the Remedica
      Transaction and the Scitec Transaction (together the “Transactions”), as well as a rights offer
      and a vendor consideration placing.

2.    FULFILMENT OF ALL CONDITIONS PRECEDENT

      Shareholders are advised that all conditions precedent pertaining to the Transactions have now
      been fulfilled or waived, as the case may be, with the payment by Ascendis Health for the
      Transactions being concluded on 25 August 2016. As such the Transactions are officially
      unconditional and have been implemented as of 25 August 2016.

26 August 2016
Johannesburg

Corporate Advisor
Coast2Coast Capital Proprietary Limited

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

Sponsor
Investec Bank Limited

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