General Repurchase of Ordinary Shares: Subsequent 3% Repurchase

The announcement

General Repurchase of Ordinary Shares: Subsequent 3% Repurchase

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1985/002935/06
JSE Share code: APN
ISIN: ZAE000066692
LEI: 635400ZYSN1IRD5QWQ94
 (“Aspen” or “the Company”, and together with its subsidiaries, the “Group”)

GENERAL REPURCHASE OF ORDINARY SHARES: SUBSEQUENT 3% REPURCHASE

1.     Introduction

Shareholders are referred to the announcement released on SENS on 2 September 2026
(“Previous Announcement”), in which Aspen advised that it had cumulatively repurchased
13 330 879 ordinary shares, representing approximately 3.0% of the Company’s issued share
capital as at 4 December 2025, being the date on which the general authority to repurchase
shares was granted by shareholders (“General Authority”).

In compliance with paragraph 7.90 of the JSE Listings Requirements and pursuant to the General
Authority, Aspen advises that, since the Previous Announcement, the Company has repurchased
a further 14 992 000 ordinary shares, representing a further approximately 3.3% of the
Company’s issued share capital as at 4 December 2025 (“Subsequent Repurchase”).

Accordingly, Aspen has now cumulatively repurchased 28 322 879 ordinary shares, representing
approximately 6.3% of the Company’s issued share capital as at the date on which the General
Authority was granted.

The share repurchases reflect Aspen’s disciplined capital allocation approach and confidence in
the Company’s long-term value creation prospects.

2.     Details of the General Purchase

 Dates of Subsequent Repurchase:                2/11/2026 to 3/11/2026
 Number of ordinary shares repurchased          14 992 000
 pursuant to the Subsequent Repurchase:
 Lowest price paid per ordinary share:          R161.33
 Highest price paid per ordinary share:         R164.89
 Average price paid per ordinary share:         R162.01
 Total value of ordinary shares repurchased:    R2 428 756 412.80
 Cumulative number of ordinary shares           28 322 879
 repurchased under the General Authority:
 Cumulative percentage of ordinary shares       Approximately 6.3%
 repurchased under the General Authority:
 Remaining extent of authority outstanding      60 927 587 ordinary shares, representing
 after the Subsequent Repurchase:               approximately 13.7% of the ordinary shares
                                                in issue on 4 December 2025

The Subsequent Repurchase was effected through the order book operated by the JSE and done
without any prior understanding or arrangement between the Company and the counterparties.

An application will be made to the JSE for the delisting and cancellation of the repurchased
Shares, which is expected to occur before the end of November 2026.

Following the Subsequent Repurchase, the Company has 16 414 303 treasury shares as defined
in the Listings Requirements of the JSE.

3.       Source of funds

The Subsequent Repurchase was funded from available cash resources.

4.       Statement by the Board

The Board has considered the effect of the Subsequent Repurchase and is of the opinion that, for
a period of 12 months following the date of this announcement:

     -   the Company and the Group will be able to pay their debts in the ordinary course of
         business;
     -   the total assets of the Company and the Group will be in excess of the liabilities of the
         Company and the Group. For this purpose, the assets and liabilities were recognised and
         measured in accordance with the accounting policies used in the latest audited annual
         group financial statements;
     -   the share capital, reserves and working capital of the Company and the Group will be
         adequate for ordinary business purposes; and
     -   the Company and the Group have passed the solvency and liquidity test and since the test
         was performed there have been no material changes in the financial position of the Group.

5.       Impact of the General Repurchase on Financial Information

The Subsequent Repurchase and related transaction costs have had no material impact on the
financial information of Aspen and will result in a decrease in the Company’s cash balances
corresponding to the approximate value of the ordinary shares repurchased.

Durban
5 November 2026

Financial Advisor and Sponsor:
Investec Bank Limited
Date: 05/11/2026 07:30:00
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