ASPEN PHARMACARE HOLDINGS LIMITED - Trading Statement

Trading Statement

Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN & ISIN: ZAE000066692
("Aspen")

Trading Statement

Aspen shareholders are hereby advised that normalised headline earnings per share
(“NHEPS”), headline earnings per share and earnings per share for the year ended 30
June 2017 are expected to improve on those reported in the prior year, ended 30 June
2016, within the following ranges:

          Measure                Range         Cents per share     Cents per share in     Notes
                                                                      the prior year -
                                                                       30 June 2016

 NHEPS                        13% to 18%      1428.0 to 1491.2                1263.7         1
 Headline earnings per        43% to 48%      1271.3 to 1315.7                  889.0        2
 share
 Earnings per share           16% to 21%      1096.7 to 1143.9                   945.4       3


Notes:

1. NHEPS comprises headline earnings per share adjusted for specific non-trading items.
   NHEPS is the primary measure used by management to assess Aspen’s underlying
   financial performance.

2. The significant increase in headline earnings per share is attributable to the
   devaluation of Aspen’s Venezuelan business in the prior year.

3. The increase in earnings per share has been influenced by the following factors which
   negatively affected the prior year’s performance:

   -     the devaluation of Aspen’s Venezuelan business; and
   -     higher intangible asset impairments;
   -     offset by significant capital profits realised from the disposal of non-core businesses
         and products.

The financial results on which this trading announcement is based have not been reviewed
or reported on by Aspen’s external auditors.

Aspen’s results for the year months ended 30 June 2017 are scheduled to be published
on SENS on 14 September 2017.

Durban
30 August 2017

Sponsor: Investec Bank Limited

Date: 30/08/2017 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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