Enhanced Investments - Financial Portal

Trading Statement

Published: 2025-05-15 18:05:20 ET

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 “Group”)

TRADING STATEMENT

In terms of paragraph 3.4(b) 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 (“H1 2024”).

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

As a result of increased activity and operational efficiencies as described in the voluntary update on trading
for the six months ended 31 March 2025 (“H1 2025”) released on SENS on 28 March 2025, EPS, HEPS
and adjusted HEPS ranges for H1 2025 are expected to increase as set out in the table below:


                           Reported results for          Expected results for                           %
                               H1 2024 (cents)               H1 2025 (cents)                      change
 EPS                                      48.7                   58.4 to 60.4                  20% to 24%
 HEPS                                     48.9                   57.7 to 59.7                  18% to 22%
 Adjusted HEPS                            49.0                   57.8 to 59.8                  18% to 22%


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 results for H1 2025 on or about 19 May 2025.


Johannesburg
15 May 2025

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.