ASCENDIS HEALTH LIMITED - Offer and Delisting - Cautionary Announcement

Offer and Delisting - Cautionary Announcement

Ascendis Health Limited
(Registration number 2008/005856/06)
(Incorporated in the Republic of South Africa)
Share code: ASC ISIN: ZAE000185005
Listed on the General Segment of the Main Board
("Ascendis" or the "Company")

OFFER AND DELISTING - CAUTIONARY ANNOUNCEMENT

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same
meanings ascribed thereto in the circular issued by the Company to shareholders of Ascendis ("Shareholders"), dated
Tuesday, 28 October 2025 ("Circular").

Shareholders are referred to the Circular and the announcements published by the Company on Tuesday,
28 October 2025 and Tuesday, 18 November 2025 pertaining to the Offer and Delisting. To obtain a thorough
understanding of the Offer and Delisting, Shareholders are advised to refer to the terms and conditions pertaining
thereto, as set out in the Circular.

Shareholders are reminded that implementation of the Offer and Delisting remains subject to the Maximum Acceptances
Condition not failing. The Offer Closing Date is at 12:00 on Friday, 28 November 2025, with the last day to trade in
Ascendis Shares, in order to be eligible to participate in the Offer, being today, 25 November 2025 ("Offer LDT"). Any
trading in Ascendis Shares after today (the Offer LDT) could result in the purchaser thereof holding unlisted Ascendis
Shares (to the extent the Offer and Delisting are implemented). Accordingly, investors and/or Shareholders are advised
to exercise caution when dealing in Ascendis Shares.

Johannesburg
25 November 2025

Corporate Advisor and Transaction Sponsor
Questco Proprietary Limited

Date: 25-11-2025 08:00:00
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