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Thu 18 Nov 2004, 15:25 DEALINGS IN SECURITIES
ASPEN PHARMACARE HOLDINGS LIMITED - DEALINGS IN SECURITIES                      
ASPEN PHARMACARE HOLDINGS LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1985/002935/06)                                            
Share code:  APN   ISIN: ZAE000023586                                           
DEALINGS IN SECURITIES                                                          
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director                 :    Maxim Krok                                        
Number of shares         :    224,564                                           
Date of transaction      :    17 November 2004                                  
Transaction              :    Sale                                              
Price                    :    R15.50                                            
Class of shares          :    Ordinary                                          
Nature of interest       :    Direct - beneficial (Pledged)                     
Reason                   :    Exercise and release of pledged share options to  
                              reduce the outstanding purchase price in respect  
                              of the Twincare division sold on 30 April 2001.   
Clearance was obtained in accordance with Clause 3.66 of the JSE Listing        
Requirements.
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