NETCARE LIMITED - General Repurchase of Ordinary Shares

General Repurchase of Ordinary Shares

NETCARE LIMITED                                                 CLINDEB INVESTMENTS LIMITED
(Registration number 1996/008242/06)                            (Registration number 1991/001634/06)
JSE ordinary share code: NTC                                    Issuer code: BICI
ISIN: ZAE000011953                                              ("Clindeb")
JSE preference share code: NTCP
ISIN: ZAE000081121
A2X share code: NTC
("Netcare" or the "Group")


GENERAL REPURCHASE OF ORDINARY SHARES

1.   Introduction

     Shareholders are advised that Netcare has repurchased 41 451 340 of its ordinary shares in terms of the
     general authority granted by shareholders at Netcare's annual general meeting ("AGM") held on 6 February
     2026 (the "General Repurchase").

2.   Details of the General Repurchase

     Dates of the General Repurchase:                      12 February 2026 to 03 June 2026
     Number of ordinary shares repurchased:                41 451 340
     Lowest price paid per ordinary share:                 R15.50
     Highest price paid per ordinary share:                R17.85
     Average price paid per ordinary share:                R16.80
     Total value of ordinary shares repurchased:           R696 306 059.57
     Remaining extent of authority outstanding after the   95 011 469 ordinary shares (representing 6.96% of
     General Repurchase:                                   ordinary shares in issue on the AGM date)
     Treasury shares held after the General                209 701 068
     Repurchase:

     The ordinary shares repurchased by Netcare in terms of General Repurchase will be held as treasury shares
     by its wholly owned subsidiaries. To date, the General Repurchase represents 3.5% of Netcare's issued
     ordinary shares, net of treasury shares, at the time the general authority was granted by shareholders.

     The General Repurchase was partially conducted during a closed period, pursuant to a repurchase
     programme effected in accordance with the JSE Listings Requirements.

3.   Source of funds

     The General Repurchase was effected through the order book operated by the JSE trading system and has
     been funded from cash generated by operations.

4.   Statement by the directors

     Having considered the effect of the General Repurchase, the board of directors of Netcare confirms that it
     has passed the solvency and liquidity test in terms of the Companies Act, 2008, and since the test was
     performed, there have been no material changes in the financial position of the Group.

5.   Impact of the General Repurchase on financial information

     The General Repurchase has no material impact on the financial information of Netcare and will result in
     the Group's cash balance decreasing by R698 859 846.79, including transaction costs.


Since the commencement of the share buyback program in September 2023, Netcare has cumulatively
repurchased 193.2 million shares (13.4% of total ordinary shares in issue at 30 September 2023) at an average
price of 1 361 cents per share.

Johannesburg
5 June 2026

Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 05-06-2026 08:50:00
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