Dealings in securities by an associate of a director Ascendis Health Limited (Registration number 2008/005856/06) (Incorporated in the Republic of South Africa) Share code: ASC ISIN: ZAE000185005 (“Ascendis” or “the Company”) Dealings in securities by an associate of a director In terms of paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information, relating to dealings in securities by an associate of a director, is disclosed: Name of director: Gary Shayne (non-executive) Name of associate: Gane Holdings Proprietary Limited (“Gane Holdings”) Nature and extent of interest: Indirect beneficial – through Gane Holdings, in which Gary Shayne holds an indirect controlling shareholding through the ultimate holding company, Coast2Coast Communications Limited (“C2C”) Nature of transactions: Involuntary sale, on market, as a result of forced sales actioned by financial institutions due to the shares being linked to equity finance transactions resulting in margin calls. C2C is a long-term shareholder of Ascendis and remains confident in the strategy of the Company. In terms of paragraph 3.70 of the JSE Listings Requirements, the JSE has granted a waiver in respect of dealings in the Company’s shares in a closed period by associates of Mr G Shayne. Mr G Shayne has no discretion in respect of these dealings due to the trades being forced sales actioned by financial institutions as a result of the shares being linked to equity finance transactions resulting in margin calls where C2C has not fulfilled such margin calls. This results in the financial institutions exercising their rights to sell a sufficient number of the Company’s shares held by them as security and as such, protect their loans to C2C. Class of shares: Ordinary shares Written clearance obtained: Clearance was obtained from the Chairman Trade 1: Date of transaction: 9 January 2019 Number of shares: 32,904 Price per share (low): R5.00 Price per share (high): R5.10 Volume weighted average price: R5.0603 Value: R166,504.11 Trade 2: Date of transaction: 10 January 2019 Number of shares: 169,174 Price per share (low): R5.32 Price per share (high): R5.48 Volume weighted average price: R5.3980 Value: R913,201.25 Trade 3: Date of transaction: 11 January 2019 Number of shares: 880,023 Price per share (low): R5.50 Price per share (high): R5.69 Volume weighted average price: R5.5069 Value: R4,846,198.66 Trade 4: Date of transaction: 14 January 2019 Number of shares: 423,708 Price per share (low): R5.30 Price per share (high): R6.18 Volume weighted average price: R5.5858 Value: R2,366,748.15 Bryanston 15 January 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 15/01/2019 11:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.