Amendment to credit facility with a related party ADVANCED HEALTH LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/059246/06) (“the Company” or “Advanced Health”) ISIN Code: ZAE000189049 JSE Code: AVL AMENDMENT TO CREDIT FACILITY WITH A RELATED PARTY 1 Introduction and background to the Credit Facility Shareholders are referred to announcement released on SENS on 28 June 2019 in which the Company advised of the Credit Facility Agreement and Pledge and Cession Agreement entered into with Eenhede Konsultante (Proprietary) Limited (“Eenhede”) in November 2017, as well as the first and second addendums to the Credit Facility Agreement and the Pledge and Cession Agreement that lead to the Second Tranche and Third Tranche of the Credit Facility, in May 2018 and June 2019, respectively. Shareholders are further referred to the announcement released on SENS on 12 December 2019, regarding the Disposal of 25.1% of Presmes Australia Pty Limited (“PMA”) and the circular to shareholders distributed on 12 February 2020 containing the notice of general meeting held on 12 March 2020 (the “Disposal Circular”), at which meeting the Disposal was approved. 2 Third Addendum to the Pledge and Cession Agreement As detailed in the referred announcements and Disposal Circular, the Company had pledged a total of 725 648 PMA shares to Eenhede as security for the Credit Facility. Subsequent to the implementation of the Disposal the Company and Eenhede have entered into a third addendum to the Pledge and Cession Agreement, through which a total of 210 542 PMA shares was released from the Pledge and Cession Agreement in order to facilitate the Disposal of PMA, as was stated in the Disposal Circular. 3 Third Addendum to the Credit Facility Agreement The Company and Eenhede further entered into a third addendum to the Credit Facility Agreement, which amends certain of the terms of the Agreement pursuant to the repayment of R35.6 million the Company is committed to pay to Eenhede, from the proceeds of the Disposal. The amended terms of the Credit Facility Agreement are as follows: • The Credit Facility Limit (excluding interest) is reduced to R86 million, as a result of the repayment from the proceeds of the disposal. • The total amount owing (inclusive of interest) may not exceed R103.5 million. Should the amount outstanding exceed R103.5 million, the Company will need to settle the excess within 30 days from receipt of the notification from Eenhede. • The extended repayment date for the Credit Facility is 30 April 2022. 4 RELATED PARTY TRANSACTION Eenhede is an associate company of Mr. Carl Alfred Grillenberger, the Chairman of the board and majority shareholder of the Company, with an indirect beneficial interest of 59.65%, through Eenhede. Eenhede is therefore a related party to the Company as defined in Section 10 the JSE Listings Requirements. 5 CATEGORISATION OF THE TRANSACTION Pursuant to section 10 of the JSE Listings Requirements, read with section 21, the third addendum to the Credit Facility Agreement is categorised as a small related party transaction for AltX issuers and therefore, is not subject to Advanced Health shareholder approval and a fairness opinion is not required. Johannesburg 27 March 2020 Designated Advisor Grindrod Bank Limited Date: 27-03-2020 03:00:00 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.