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 ("H1 2024").

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

As a result of increased activity and operational efficiencies as described in the voluntary update on trading
for the six months ended 31 March 2025 ("H1 2025") released on SENS on 28 March 2025, EPS, HEPS
and adjusted HEPS ranges for H1 2025 are expected to increase as set out in the table below:


                           Reported results for          Expected results for                           %
                                 H1 2024 (cents)               H1 2025 (cents)                     change
 EPS                                       48.7                  58.4 to 60.4                  20% to 24%
 HEPS                                      48.9                  57.7 to 59.7                  18% to 22%
 Adjusted HEPS                             49.0                  57.8 to 59.8                  18% 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 releasing its unaudited interim results for H1 2025 on or about 19 May 2025.

Johannesburg
15 May 2025

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

Date: 15-05-2025 05:05:00
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