ASCENDIS HEALTH LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

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


                                 RENEWAL OF CAUTIONARY ANNOUNCEMENT


With reference to the announcement published by the Company on SENS on 10 March 2021 and using the terms
defined therein, shareholders are advised that negotiations in respect of the Group Recapitalisation are ongoing
and that the parties are still aiming to reach agreement on the terms of the Group Recapitalisation by 30 April
2021, which should lead to an extension of the Forbearance Period.

Shareholders are reminded that, if the Company cannot reach agreement with the Forbearance Creditors on the
terms of the Group Recapitalisation by 30 April 2021, there is a risk that the Forbearance Period may not be
extended and the Senior Lenders will proceed with enforcement or any other action against the Company.
Similarly, if the terms of the Group Recapitalisation are agreed between the Company and the Forbearance
Creditors but shareholders later vote against the proposed Group Recapitalisation, there is a risk that the Senior
Lenders may proceed with enforcement or other actions against the Company.

RENEWAL OF CAUTIONARY ANNOUNCEMENT

The Group Recapitalisation may have a material impact on the price at which the Company’s shares trade.
Accordingly, shareholders are advised to continue to exercise caution when trading in their Ascendis Health shares
until a further announcement is made.


26 April 2021
Bryanston

Sponsor

Questco Corporate Advisory Proprietary Limited



Date: 26-04-2021 09:30:00
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