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Tue 1 Feb 2005, 11:04 TRADING STATEMENT
ASPEN PHARMACARE HOLDINGS LIMITED - TRADING STATEMENT                           
ASPEN PHARMACARE HOLDINGS LIMITED                                               
(`Aspen`)                                                                       
Registration Number 1985/002935/06                                              
Share Code: APN       ISN: ZAE000023586                                         
(`Aspen`)                                                                       
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa, companies are required to publish a trading statement as soon as they   
become reasonably certain that the financial results for the period to be       
reported on will be more that 20% different from that of the previous           
corresponding period.  Accordingly, a review of the financial results for the   
six months ended 31 December 2004 by management has indicated that headline     
earnings per share of Aspen will be between 30% and 35% higher than the previous
interim period.  The financial information on which this trading statement is   
based has not been reviewed or reported on by Aspen`s auditors.                 
Aspen`s interim results are expected to be published on SENS on 21 February     
2005.                                                                           
Sandton                                                                         
1 February 2005                                                                 
Sponsor:  Investec Securities Limited                                           
Date: 01/02/2005 05:05:45 PM                   
Produced by the JSE SENS Department
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