Netcare directors accept, sell shares in December and June

Several Netcare directors, including Richard Friedland, Keith Gibson, Erich Bock, Teshlin Akaloo, Melanie Da Costa, Craig Grindell, Vuyo Maleki, and Sara Nayager, accepted deferred ordinary shares on December 11, 2025. These were part of the Netcare Limited Single Incentive Plan (SIP). These shares, priced at R14.96 per security, are subject to a five-year vesting period, with 20% vesting annually from December 2026 to December 2030. Notable transactions include Richard Friedland's acceptance of 888,250 shares valued at R13,288,220.00 and Keith Gibson's acceptance of 457,205 shares valued at R6,839,786.80.

In separate transactions, Erich Bock sold 53,351 retention shares on June 6, 2025, for R775,723.54 at R14.54 per share. Sara Nayager sold 14,730 retention shares on June 2, 2025, for R218,887.80 at R14.86 per share. Both sales were on-market and classified as direct beneficial interests, with clearance to deal obtained.

Further on-market activities involved the vesting and subsequent sale of SIP shares. On December 15, 2025, Erich Bock sold 40,266 shares for R615,667.14 at R15.29 per share, and Teshlin Akaloo sold 166,390 shares for R2,544,103.10 at R15.29 per share. All individuals confirmed direct beneficial interests and obtained clearance for these dealings.