Trading Statement

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")

Trading Statement

 In this announcement reference is made to the six months ended 31 March 2026 ("H1 2026") and the six
 months ended 31 March 2025 ("H1 2025").

 In terms of paragraph 6.26 of the JSE Limited ("JSE") Listings Requirements, a company is required to
 publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the
 financial results for the upcoming reporting period will differ by at least 20% from those of the previous
 corresponding reporting period.

 Earnings per share ("EPS"), headline earnings per share ("HEPS") and adjusted HEPS

 Supported by increased activity, sustained operational efficiencies, the realisation of digitisation benefits,
 and the positive impact of the share buyback programme, EPS, HEPS and adjusted HEPS ranges for H1
 2026 are expected to increase as set out in the table below:


                            Reported results for          Expected results for
                                       H1 2025                       H1 2026                            %
                                        (cents)                       (cents)                       change
  EPS                                         59.3                70.0 to 72.9                  18% to 23%
  HEPS                                        59.1                69.7 to 72.7                  18% to 23%
  Adjusted HEPS                               58.8                69.4 to 72.3                  18% to 23%


 Adjusted HEPS is a key measure of sustainable earnings from trading operations. The calculation of
 adjusted HEPS excludes non-trading and/or non-recurring items.

 The information provided in this trading statement has not been reviewed or reported on by Netcare's external
 auditors.

 Netcare intends releasing its unaudited interim Group results for H1 2026 on or about Monday, 25 May 2026.


 Johannesburg
 21 May 2026

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

Date: 21-05-2026 03:00:00
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