Correction to published NAV as well as additional disclosure of revenues Ascendis Health Limited (Registration number 2008/005856/06) (Incorporated in the Republic of South Africa) Share code: ASC ISIN: ZAE000185005 (“Ascendis Health” or “the Company” or “the Group”) Correction to published NAV as well as additional disclosure of revenues relating to the disposal of the Afrikelp, Efekto, Agro-Serve and Marltons businesses within the Ascendis Biosciences division 1. Correction to published NAV Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE on 2 May 2019 (“the Announcement”), in terms of which shareholders were advised that Ascendis Health had entered into agreements with a consortium, in respect of which certain businesses within the Ascendis Biosciences division would be disposed of. Further to the Announcement, shareholders are advised that the net asset values (“NAV”) disclosed in the Announcement were incorrect, and the corrected figures are set out below: NAV Name of entity (Rand) Efekto Zambia Limited 0 Agro-Serve1 11 529 719 Afrikelp Holdings2 85 146 346 Marltons Assets and Liabilities 73 796 085 Efekto Assets and Liabilities 191 538 185 Total 362 010 335 Notes: 1. Comprises the consolidated NAV of Agro-Serve and its wholly owned subsidiary, being Agro- Serve Namibia. 2. This comprises the consolidated NAV of Afrikelp Holdings Proprietary Limited and its wholly owned subsidiaries, being Afrikelp Investments Proprietary Limited (including its subsidiaries, being Taurus Chemical Namibia, Rotaq, Akusa (USA) and Taurus Chemicals Cape Kelp) and Afrikelp Proprietary Limited. The consolidated NAV however includes an investment in subsidiary book value of R160 056 202 into Ascendis Animal Health Proprietary Limited and related liabilities with a book value of R151 323 863, which will not form part of the Disposal Businesses (as defined in the Announcement), and will accordingly be transferred into another Ascendis Group company prior to completion of the Transaction (as defined in the Announcement). The financial information in this announcement has been extracted from each entities’ respective unaudited consolidated interim financial results for the six-month period ended 31 December 2018 which were prepared in accordance with International Financial Reporting Standards. 2. Additional disclosure of revenue Shareholders are further advised that the total revenue for the Disposal Businesses for the six-month period ended 31 December 2018 was an amount of R309 160 198, net of indirect taxes, estimated returns and trade discounts and rebates. Johannesburg 6 May 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 06/05/2019 04:20:00 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.