Voluntary announcement : completion of BMI Healthcare (UK) restructure NETCARE LIMITED (Registration No. 1996/008242/06) JSE Ordinary share code: NTC ISIN: ZAE000011953 JSE Preference share code: NTCP ISIN: ZAE000081121 (“Netcare”) VOLUNTARY ANNOUNCEMENT: COMPLETION OF BMI HEALTHCARE (UK) RESTRUCTURE Shareholders are advised that BMI Healthcare (UK) has announced the completion of its financial restructuring. This transaction involves the acquisition of BMI Healthcare by Hospital TopCo (BMI Healthcare’s largest external landlord) and a restructuring of BMI Healthcare’s capital and debt structure. Netcare yielded control of the BMI Healthcare Board on 28 March 2018 and deconsolidated BMI Healthcare from its Group accounts with effect from this date, and at the same time fully impaired its contractual economic interest in BMI Healthcare’s debt. Accordingly, both Netcare’s equity and debt interests in BMI Healthcare are currently carried at zero value in Netcare’s Group accounts. The completion of the BMI Healthcare restructure concludes the disposal of Netcare’s equity and debt interests in BMI Healthcare. However, this transaction has no impact on Netcare’s results, cash flows or financial position. The financial restructuring of BMI Healthcare does not alter Netcare’s 56.9% ownership interest in the six hospital properties that comprise the GHG PropCo 2 portfolio and of which BMI Healthcare is the tenant. Johannesburg 14 December 2018 Sponsor Nedbank Corporate and Investment Banking Date: 14/12/2018 05:21:00 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.