Dealings in securities by an associate of a director and notification in terms of section 122(3) of the Act 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 and notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listing Requirements Directors Dealings 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 and Gane Holdings Proprietary Limited (“Gane Holdings”). Gary relationship with associate: Shayne holds an indirect controlling shareholding in Gane Holdings through the ultimate holding company, Coast2Coast Communications Limited (“C2C”). Nature of transactions: On 02 March 2016, Gane Holdings, through wholly-owned subsidiaries of C2C, GaneFin9 (RF) Proprietary Limited and GaneFin10 (RF) Proprietary Limited, issued convertible debentures and, in terms of its contractual obligation, has now transferred Ascendis shares in settlement thereof, through off-market transfers. 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 an associate of Mr G Shayne as the associate had no discretion in respect of these dealings due to the trades occurring as a result of a contractual obligation. Nature and extent of interest: Indirect beneficial Class of shares: Ordinary shares Written clearance obtained: Clearance was obtained from the Chairman Transaction 1: Date of transaction: 12 February 2019 Number of shares: 1,812,099 Price per share: R4.20 Value: R7,610,815.80 Transaction 2: Date of transaction: 14 February 2019 Number of shares: 1,812,099 Price per share: R4.20 Value: R7,610,815.80 Notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listings Requirements Shareholders of the Company are advised that C2C has disposed of a number of ordinary shares of Ascendis, such that C2C now holds 19.32% of the total number of issued ordinary shares of Ascendis. In terms of the requirements of the Companies Act No. 71 of 2008, Ascendis has filed the required notices with the Takeover Regulation Panel. Bryanston 19 February 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 19/02/2019 01:45:00 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.