NETCARE LIMITED - Trading Statement

Trading Statement

NETCARE LIMITED
Incorporated in the Republic of South Africa
(Registration number 1996/008242/06)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
("Netcare" or the "Group")


Trading Statement

In terms of paragraph 3.4(b) of the JSE Limited ("JSE") Listings Requirements, a company is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the
financial results for the upcoming reporting period will differ by at least 20% from those of the previous
corresponding reporting period.

Earnings per share ("EPS"), headline earnings per share ("HEPS") and adjusted HEPS

As detailed in the voluntary trading update for the year ended 30 September 2025 ("FY 2025") released on
SENS on 30 September 2025, due to increased activity, sustained operational efficiencies, the realisation
of digitisation benefits, reduced strategic and diesel costs, lower interest rates and the positive impact of the
share buyback programme, EPS, HEPS and adjusted HEPS for FY 2025 are expected to increase against
the prior year ("FY 2024") as set out in the table below:

                            Reported results for           Expected results for                            %
                                 FY 2024 (cents)                FY 2025 (cents)                       change
 EPS                                       110.4                 133.6 to 136.9                   21% to 24%
 HEPS                                      113.0                 132.2 to 135.6                   17% to 20%
 Adjusted HEPS                             113.7                 135.3 to 138.7                   19% to 22%

Adjusted HEPS is a key measure of sustainable earnings from trading operations. The calculation of
adjusted HEPS excludes non-trading and/or non-recurring items.

The information provided in this trading statement has not been reviewed or reported on by Netcare's external
auditors.

Netcare intends to release its audited Group results for FY 2025 on or about Monday, 24 November 2025.


Johannesburg
20 November 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 20-11-2025 12:03:00
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