Sharenet Sites 
Sharenet Sites
Dealings in Securities
Netcare Limited
(Registration number: 1996/008242/06)
(Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
("Netcare")
DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the
following information is disclosed.
Name Richard Friedland
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the Netcare Limited Single Incentive Plan ("SIP")
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 888 250
Price per security R14.96
Value of transaction R13 288 220.00
Vesting period: 20% 177 650 - 01 December 2026
20% 177 650 - 01 December 2027
20% 177 650 - 01 December 2028
20% 177 650 - 01 December 2029
20% 177 650 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Keith Gibson
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 457 205
Price per security R14.96
Value of transaction R6 839 786.80
Vesting period 20% 91 441 - 01 December 2026
20% 91 441 - 01 December 2027
20% 91 441 - 01 December 2028
20% 91 441- 01 December 2029
20% 91 441- 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Erich Bock
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 291 862
Price per security R14.96
Value of transaction R4 366 255.52
Vesting period 20% 58 372 - 01 December 2026
20% 58 372 - 01 December 2027
20% 58 372 - 01 December 2028
20% 58 372 - 01 December 2029
20% 58 372 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Teshlin Akaloo
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 182 044
Price per security R14.96
Value of transaction R2 723 378.24
Vesting period 20% 36 408 - 01 December 2026
20% 36 408 - 01 December 2027
20% 36 408 - 01 December 2028
20% 36 408 - 01 December 2029
20% 36 408 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Melanie Da Costa
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of Securities 239 527
Price per security R14.96
Value of transaction R3 583 323.92
Vesting period 20% 47 905 - 01 December 2026
20% 47 905 - 01 December 2027
20% 47 905 - 01 December 2028
20% 47 905 - 01 December 2029
20% 47 905 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Craig Grindell
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 212 569
Price per security R14.96
Value of transaction R3 180 032.24
Vesting period 20% 42 513 - 01 December 2026
20% 42 513 - 01 December 2027
20% 42 513 - 01 December 2028
20% 42 513 - 01 December 2029
20% 42 513 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Vuyo Maleki
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 143 043
Price per security R14.96
Value of transaction R2 139 923.28
Vesting period 20% 28 608 - 01 December 2026
20% 28 608 - 01 December 2027
20% 28 608 - 01 December 2028
20% 28 608 - 01 December 2029
20% 28 608 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name Sara Nayager
Company Netcare
Nature of transaction Off market acceptance of deferred shares in terms
of the SIP
Class of security Ordinary shares
Date of transaction 11 December 2025
Number of securities 128 191
Price per security R14.96
Value of transaction R1 917 737.36
Vesting period 20% 25 638 - 01 December 2026
20% 25 638 - 01 December 2027
20% 25 638 - 01 December 2028
20% 25 638 - 01 December 2029
20% 25 638 - 01 December 2030
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name E Bock
Company Netcare
Nature of transaction On market sale of shares previously held as
retention shares
Class of security Ordinary shares
Date of transaction 6 June 2025
Number of securities 53 351
Price per security R14.54
Value of transaction R775 723.54
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name S Nayager
Company Netcare
Nature of transaction On market sale of shares previously held as
retention shares
Class of security Ordinary shares
Date of transaction 2 June 2025
Number of securities 14 730
Price per security R14.86
Value of transaction R218 887.80
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name E Bock
Company Netcare
Nature of transaction Off market vesting of shares in terms of the SIP and
subsequent on market sale of shares
Class of security Ordinary shares
Date of transaction 15 December 2025
Number of securities 40 266
Price per security R15.29
Value of transaction R615 667.14
Nature of interest Direct beneficial
Clearance to deal obtained Yes
Name T Akaloo
Company Netcare
Nature of transaction Off market vesting of shares in terms of the SIP and
subsequent on market sale of shares
Class of security Ordinary shares
Date of sale 15 December 2025
Number of securities 166 390
Price per security R15.29
Value of transaction R2 544 103.10
Nature of interest Direct beneficial
Clearance to deal obtained Yes
18 December 2025
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 18-12-2025 10:00:00
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.
