29 Sep - 3 min read

Revised Trading Statement for the year ended 30 June 2021

Revised Trading Statement for the year ended 30 June 2021

 Ascendis Health Limited
 (Registration number 2008/005856/06)
 (Incorporated in the Republic of South Africa)
 Share code: ASC
 ISIN: ZAE000185005
 (“Ascendis Health” or “the Company”)


 REVISED TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2021


Shareholders are referred to the trading statement released by the Company on SENS on 20 September 2021 (“First
Trading Statement”) setting out its expected performance for the year ended 30 June 2021 (“current period”) in
relation to that of the corresponding comparative year ended 30 June 2020 (“comparative period”).

Shareholders are advised that the finalisation of certain year end and audit procedures has resulted in the following
adjustments:
    - the restated comparative figures provided in the First Trading Statement for the comparative period have been
      revised, impacting the percentage and quantum of movements disclosed in the First Trading Statement; and
    - the headline earnings per share and normalised headline earnings per share estimates for total operations for
      the current period has been revised.

There are no changes to the current year continuing operations amounts.

Shareholders should refer to the below revised expected financial performance:


                                     Continuing Operations                                Total Operations

 Cents per share              FY2021         FY2020       % increase /      FY2021           FY2020           % increase /
                                            (Restated)   (decrease) in                      (Restated)       (decrease) in
                                                              loss                                                loss
 Basic loss per Share      308.5 – 371.4      316.7*      (3%) - 17%     204.5 - 244.6        202.3*          1% - 21%

 Headline loss per share   300.9 – 346.4      229.4*      31% - 51%      111.4 – 119.1*        38.9*         186% - 206%
 Normalised headline
                           251.9 – 290.4      193.7*      30% - 50%       25.3 – 26.6*         (6.5)*        490%- 510%
 loss/(profit) per share
*Revised from First Trading Statement.

As noted in the First Trading Statement, the restatement of prior year results is driven by, inter alia, the requirements of
IFRS 5: Non-current assets held for sale and discontinued operations, which requires the comparative results for
discontinued operations to be restated. Further revised details on the figures which comprise the restatements of prior
year comparative information will be provided in the detailed results announcement which will be published by the
Company on 30 September 2021.

This trading statement and operational update is the responsibility of the directors and the financial information on which
this statement is based has not been reviewed or reported on by the external auditors.

29 September 2021
Bryanston

Sponsor

Questco Corporate Advisory Proprietary Limited


PM1 - Normalised EBITDA, Normalised headline earnings and normalised headline earnings per share are alternative
performance measures or non-IFRS measures. Further details regarding the computation of the performance
measures and its purpose can be found on the Company’s website via: : https://ascendishealth.com/wp-
content/uploads/2020/09/Ascendis-Health-PerformanceMeasures-30-June-2020.pdf

Date: 29-09-2021 03:12:00
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