APN 201905220040A
Cautionary announcement

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
("Aspen" or "the Company")


CAUTIONARY ANNOUNCEMENT

Further to the communication in Aspen's interim results announcement made
on 7 March 2019 that the Company had embarked on a strategic review of its
European and South African Commercial Pharmaceuticals businesses,
shareholders are advised that Aspen is currently engaged in discussions with
a potential partner in Europe.

Shareholders are advised to exercise caution when dealing in the Company's
securities.

Durban
22 May 2019

Sponsor
Investec Bank Limited

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