| Imagery Source: Life Healthcare Group Holdings Limited |
| Information Source: JSE SENS |
| Declaration of Special Dividend |
| The Board of directors of Life Healthcare ("Board") is pleased to announce the approval and declaration of a gross special cash dividend of 235.00 cents per ordinary share ("Special Dividend"). This Special Dividend, payable from income reserves, is the distribution of the net proceeds received following the disposal of the Group's interest in Life Molecular Imaging (the "Transaction"), which has unlocked significant value for Life Healthcare shareholders ("Shareholders"). |
| This Special Dividend is subject to approval by the South African Reserve Bank ("SARB") before it can be paid ("the Condition"). A further announcement will be released once the Condition has been fulfilled. |
| The Special Dividend will be subject to South African dividend withholding tax at a rate of 20%. This will result in a net dividend of 188.00 cents per ordinary share for those Shareholders who are subject to dividend withholding tax or who are not subject to a reduced rate in terms of any applicable agreement for the avoidance of double taxation between South Africa and such Shareholders' country of residence. |
| The Company's total number of issued ordinary shares is is1,467,349,1622 as at the date of declaration of the Special Dividend. The Company's income tax reference number is 9387/307/15/1. |
| Shareholders' attention is drawn to the following preliminary indicative salient dates regarding the Special Dividend – assuming timely approval by SARB is received by 9 September 2025: |
| Finalisation date (announcement to be released on SENS by 11:00): Tuesday, 9 September 2025 |
| Last day to trade to participate in the Special Dividend: Tuesday, 16 September 2025 |
| Shares commence trading ex-dividend on: Wednesday, 17 September 2025 |
| Record date: Friday, 19 September 2025 |
| Special Dividend payment date: Monday, 22 September 2025 |
| Share certificates may not be dematerialised or re-materialised between Wednesday, 17 September 2025 and Friday, 19 September 2025, both days inclusive. |
| The salient dates above are on the basis that the Condition will be fulfilled by Tuesday, 9 September 2025. To the extent that the Condition is not fulfilled by Tuesday, 9 September 2025, a further announcement will be released by the Company to inform Shareholders thereof and to provide an updated timetable in respect of the Special Dividend. |
| Changes to the board of directors |
| Shareholders and noteholders are advised that, in line with board succession plans, Professor Marian Jacobs and Dr Jeanne Bolger will retire from the Board at the Company's 2026 Annual General Meeting (“2026 AGM”) in February next year. At that point, Professor Jacobs will step down as Chairman of the Clinical Committee as well as a member of the Social, Ethics and Transformation Committee, and Dr Bolger will step down as a member of the Clinical and Investment Committees. Dr Fareed Abdullah will assume the position of Chairman of the Clinical Committee at that time. |
| In addition, Professor Raymond Campbell will join the Investment Committee and Dr Abdullah will join the Social, Ethics and Transformation Committee with effect from 1 October 2025. |
| Changes to the Board Charter Byy |
| h the annual review of the Company's governance documents, shareholders and noteholders are advised that amendments have been made to the Company's Board Charter. A copy of the updated Board Charter is available through a secure electronic manner at the election of the person requesting inspection and can be found at https://www.lifehealthcare.co.za/media/3978/8- board-charter-2024-final.pdf |
| Changes to the Terms of Reference of the Nominations and Governance Committee |
| Shareholders and noteholders are also advised that the terms of reference of the Nominations and Governance Committee ("the Terms of Reference") have been updated. The updated Terms of Reference is available through a secure electronic manner at the election of the person requesting inspection and can be found at https://www.lifehealthcare.co.za/media/3979/7-nomgov-tor-2024-final.pdf. |
| For the full document, click the link below |
| Life Healthcare Group Holdings Limited |
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