General Repurchase of Ordinary Shares NETCARE LIMITED Incorporated in the Republic of South Africa (Registration number 1996/008242/06) JSE ordinary share code: NTC ISIN: ZAE000011953 JSE preference share code: NTCP ISIN: ZAE000081121 A2X share code: NTC ("Netcare" or the "Company" or the "Group") GENERAL REPURCHASE OF ORDINARY SHARES 1. Introduction Shareholders are advised that Netcare has repurchased 49 948 660 of its ordinary shares in terms of the general authority granted by shareholders at Netcare's annual general meeting ("AGM") held on 2 February 2024 ("General Repurchase #2"). 2. Details of General Repurchase #2 Dates of the general repurchase: 2 February 2024 to date Number of ordinary shares repurchased: 49 948 660 Lowest price paid per ordinary share: R11.13 Highest price paid per ordinary share: R12.70 (cum dividend) Average price paid per ordinary share: R11.70 Total value of ordinary shares repurchased: R584 257 780 Remaining extent of authority outstanding after the 93 960 341 ordinary shares (representing 6.5% of general repurchase: ordinary shares in issue on 2 February 2024, being the date on which the general authority was granted by shareholders) The ordinary shares repurchased by Netcare in terms of General Repurchase #2 will be held as treasury shares by its wholly owned subsidiaries. To the extent that the number of shares collectively held by wholly owned subsidiaries is anticipated to exceed 10% of the Company's current issued share capital, shares will be delisted and cancelled as required. To date, General Repurchase #2 represents 3.5% of Netcare's issued ordinary shares at the time the general authority was granted by shareholders. Netcare currently holds 168 509 931 ordinary shares as treasury shares. General Repurchase #2 was partly conducted during a prohibited period, pursuant to a repurchase programme entered into prior to the commencement of the prohibited period, full details of which were submitted to the JSE Limited ("JSE") in accordance with the JSE Listings Requirements. 3. Source of funds The general repurchase has been funded from cash generated by operations. 4. Statement by the directors Having considered the effect of General Repurchase #2, the board of directors of Netcare is of the opinion that for a period of 12 months after the date of this announcement: • the Company and the Group will be able to pay its debts in the ordinary course of business; • the assets of the Company and the Group will be in excess of the liabilities of the Company and the Group. For this purpose, the assets and liabilities were recognised and measured in accordance with the accounting policies used in the Company's and the Group's latest audited annual financial statements; • the share capital, reserves and working capital of the Company and the Group will be adequate for ordinary business purposes; and • the Company and the Group have passed the solvency and liquidity test and since the test was performed there have been no material changes in the financial position of the Company or the Group. 5. Impact of General Repurchase #2 on financial information The general repurchase has no material impact on the financial information of Netcare and will result in the Company and Group cash balances decreasing by R584 257 780. 6. Compliance with paragraph 5.72 of the JSE Listings Requirements General Repurchase #2 was effected through the order book operated by the JSE trading system and done without any prior understanding or arrangement between the Company and the counter parties. 7. Repurchase Programme Shareholders are advised that Netcare commenced its repurchase programme in September 2023 under the general authority granted by shareholders at Netcare's AGM held on 3 February 2023 ("General Repurchase #1"), and has continued under the general authority granted by shareholders at Netcare's AGM held on 2 February 2024 ("General Repurchase #2"). To date, Netcare has repurchased the following ordinary shares under its repurchase programme: Authority Date Number of Value of ordinary Average price ordinary shares per ordinary shares repurchased share repurchased repurchased General 7 September 2023 to 24 427 085 R320 195 376 R13.11 Repurchase #1 30 September 2023 General 1 October 2023 to 9 250 000 R122 010 192 R13.19 Repurchase #1 1 February 2024 General 2 February 2024 to 1 995 565 R23 701 580 R11.88 Repurchase #2 31 March 2024 General 1 April 2024 to date 47 953 095 R560 556 200 R11.69 Repurchase #2 Total 83 625 745 R1 026 463 348 R12.27 Total number of ordinary shares repurchased represents 5.8% of the total ordinary shares in issue. Johannesburg 19 July 2024 Corporate Advisor and Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 19-07-2024 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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