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Aspen is in a closed period from 1st January 2026 until the publication of the interim results on the JSE SENS platform on the 3rd March 2026.

Press Releases

Aspen businesses activate 29 Mandela Day projects globally

Durban: Aspen, one of the world’s top 10 generic pharmaceutical companies by revenue and the largest pharmaceutical manufacturer in the southern hemisphere, is activating 29 projects across 11 countries on 6 continents in celebration of 2012 Nelson Mandela International Day (“Mandela Day”). Stephen Saad, Aspen Group Chief Executive said, “We have embraced Mandela Day across a number of our businesses globally and we’re committed to making a significant difference in the lives of underprivileged communities on this special occasion. In order to ensure that many communities benefit beyond July 18, some of the worthy recipients that have been identified will become long term CSI beneficiaries of the respective businesses.” “We are extremely proud of Aspen’s employees around the world who have engaged wholeheartedly in the campaign and who will be spending many hours making a difference in the lives of less fortunate communities. An extensive range of activities will be taking place during the forthcoming week including building a house; restoring a class room; painting, repairing and refurbishing children’s homes; planting gardens; creating safe play areas; feeding the hungry; gifting toys, clothes and educational supplies; caring for the elderly and destitute and much more. This is the true spirit of a caring company that lives its values by reaching out to those who are less fortunate.” Aspen’s support of Mandela Day will be demonstrated in Australia, Philippines, Dubai, Mauritius, Germany, Tanzania, Kenya, South Africa, Brazil, Mexico and Venezuela. The majority of the beneficiaries selected receive no grants or support from their local governments and are primarily dependent upon the community for sustenance. A range of projects have been embraced. The Aspen Australia team are working closely with Foodbank and Oxfam, Aspen Philippines is linking up with The House of Refuge in Marikina and Aspen Health Care in Dubai is supporting Médecins Sans Frontières. Aspen Bad Oldesloe in Germany is managing five beneficiaries that include St Josefs Children’s Home, SterniPark Children’s Home, OASE Multiple Generation House, Wichern Retirement Home and Ronald McDonald House in Lubeck. The Aspen Global team in Mauritius selected three separate institutions within Foyer Namaste which provides care for some 50 underprivileged children and young adults who are abandoned, handicapped or have intellectual deficiencies. Beta Healthcare is supporting the Havira Children’s Home and Aga Khan Hawkers Market programme in Kenya while Shelys in Tanzania have pledged support for the Chakuwama Children’s home, Kigamboni Shelter and Mpambano Women’s Group in Dar es Salaam. Aspen’s South African businesses have selected nine worthy beneficiaries. These include Habitat for Humanity in Orange Farms; Bulamahlo Home in Tembisa; Ekusizaneni Children’s Home in Kwa Mashu; Sange Child and Youth Centre in East London; the Missionvale Care Centre, Sinethemba Children’s Home and Echo Foundation that are all located in the Port Elizabeth area; and the Casa Mia Pre-Primary School and Tehillah Community Centre for abused and destitute women and children in Cape Town. The offices in Latin America are also participating in this day of goodwill. Aspen Pharma in Brazil is supporting the Cidade de Deus project for underprivileged children while Aspen Venezuela is reaching out to some 250 orphaned, abandoned or HIV/Aids positive children from Asociación Benefactora de Ayuda al Niño Sin Asistencia in Caracas. Aspen Labs in Mexico is supporting the Toluca-based Escuela Hogar del Perpetuo Socorro, a foster home for abandoned children who are victims of family disintegration and domestic violence. Aspen has a long-standing heritage of CSI commitment to less priviledged communities and this ethos has been incorporated into the business practices of its offices globally. For more information about Aspen’s 2012 Mandela Day activities, click on the dedicated link on aspenpharma.com. Activity progress will be uploaded as it becomes available.

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Update on the reported key anti-retroviral (ARV) Tenofovir (TDF) public sector supply shortages

Johannesburg – over the past days and weeks, there have been widespread reports from various State Clinics, in certain provinces, that patients have been unable to access supplies of TDF, a key ARV, used primarily in first line HIV treatment. Due to the negative consequences on both patients and the sustainability of South Africa’s Public ARV programme, Aspen as the contracted supplier for 70% of the TDF volume to the State, takes these reports extremely seriously. In these reports, there has been some suggestions that contracted suppliers have been unable to supply TDF timeously, or in the required quantities. To this end, Aspen is unable to comment on other contracted suppliers of TDF, it does however wish in the clearest terms, to confirm its own supply position as follows: Aspen has met and exceeded, both the timing and required quantity for TDF under the terms of its State contract, which requires it to supply 70% of the TDF volumes; In terms of the contract, Aspen is required to supply TDF within 6 weeks from receipt of orders; January 2012 represented the first month that Donor procured TDF had been depleted and the Department of Health (DOH) returned to normal procurement from its tender Contractors; Accordingly, having regard for its 70%, 6 weeks contractual supply obligation, Aspen would have been required to supply 3,33million TDF packs by the end of June 2012. Aspen confirms that it will have delivered 4,2million packs, or 126% of its required volume during this period; Aspen has met and has had to exceed its supply requirements, as shortages from other suppliers have manifested. In response to these shortages, Aspen has swiftly and through considerable resource application scaled up its manufacturing capacity to ensure the supply of 1,13million TDF packs in May 2012, which exceeds the entire May 2012 TDF public sector requirement. Aspen is also able to supply 1,2million TDF packs in June 2012, which exceeds the entire TDF public sector requirement for the month of June 2012; and Aspen can confirm that it presently has no backorders for TDF, meaning that no orders in the system exceed the contractual 6 week delivery period. On this basis, Aspen continues to view supply security and the maintenance of the integrity of the South African Public ARV programme as a national imperative. Aspen also views timeous ARV delivery at the required quantities as non-negotiable. To this end, Aspen will continue its excellent track record of meeting its ARV supply commitments and where possible to step in and commit its manufacturing capacity where other suppliers are unable to supply a part or all of their supply commitments. In the current tender, which commenced on 1 January 2011, Aspen has stepped in and supplied 3 other ARV medicines in addition to TDF, where other suppliers had experienced supply constraints.

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To rest is to rust : Financial Mail Wonderful Weekend

In my youth I imagined that I would be a professional sportsman or a game ranger. It hasn’t turned out that way, but I don’t have any regrets about the choices I have made. I believe you have to take advantage of the opportunities that are presented to you and adapt if and when necessary. Family, friends and health are the three most important aspects of my life. I have learnt that balance is so important in life, and that includes my family, with religion also being an influence. My wife and four daughters have taught me that there is no messing with the big five — they are my top priority. Durban offers us an incredible lifestyle in our beautiful country and my perfect weekend is about spending time outdoors with my family and friends. Kirkmans and Exeter in the Sabi Sands Game Reserve are my favourite getaway destinations. We escape regularly to nature, which really refreshes us. Limited cellphone contact is allowed and this applies especially to our kids! During our time away I catch up with the most important people in my life. It is then that I try to pass on the values of humility and respect and we try to satisfy ourselves that we are doing the very best we can in all aspects of our lives. I believe in the saying that “to rest is to rust”, which has become our family motto. Sport is important to me and I make time to ensure that I exercise regularly as this makes for a healthy mind and a balanced lifestyle. I was a keen rugby player many years ago and I still really enjoy the game, but there comes a time when you have to admit that your body isn’t made for the knocks that you’re bound to take on the field. So I choose to support the Springboks and the Sharks from the sideline. I am an avid cyclist and I recently participated in the Aspen Trans Karoo 240km mountain bike challenge to raise funds for paediatric health care in SA. I was honoured to have the health minister, Dr Aaron Motsoaledi, at the starting line alongside me. This was a demonstration of his support for public-private partnerships to establish and enhance local paediatric hospitals. The ride took 16 hours. It was exhausting but at R40000/ km I dared not stop! A number of local and offshore businesses were approached to help me raise funds for the Nelson Mandela Fund and the KwaZulu Natal Children’s Hospitals and we’ve already passed the R10m mark. But more needs to be done. So this is a challenge to large corporates to follow the minister’s example and to embrace the need for quality paediatric health care and to make a difference for the children through the trust that has been established for this cause. When we started Aspen in 1997 it was intended to be a small company without manufacture, but it has grown to where it has now been ranked as the best-performing JSE blue chip stock over the past six months. This is great for team morale and proves that Aspen’s hard work is paying off. I am at a point in my life where I feel I still have a big contribution to make. Some day I would like to be remembered by my family and friends for being a good father, husband and friend. Professionally, I’d like to leave a mark as someone who made a meaningful difference to health care on the continent — in particular if our efforts result in a positive impact for my country and the African region in combating HIV/Aids, tuberculosis and malaria. A vaccine discovery for these diseases would be first prize. SA has so much potential and the best advice I could share with our youth is to harness that potential to its fullest. If you combine that mind-set with a sound education and an entrepreneurial spirit, you will have a good start in life.

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30 000 ARV packs delivered in Limpopo

Following discussions between the health Minister Dr Aaron Motsoaledi and Aspen Pharmacare Senior Executive Mr Stavros Nicolaou in Johannesburg, Aspen Pharmacare released 30 000 packs of Tenofovir (TDF) for the Limpopo depot earlier today. Further releases to this province are expected during the course of next week. Aspen Pharmacare is one of the two (2) companies supplying ARVs to government hospitals. Reports have recently suggested that there were shortages that were being encountered in the availability of ARVs. In a media conference in Johannesburg yesterday, the health Minister dispelled these reports of complete unavailability of these drugs, indicating instead that there was a decline in stock-levels which did not necessarily translate in patients not getting their ARVs. Health Minister has expressed his happiness at news that stock-levels in the Limpopo depot have been increased. “It’s an important development and it actually demonstrates our commitment to ensuring that at no point are our patients compromised. We are continuously monitoring the situation on a daily basis and I must commend Aspen for their quick response in dealing with the situation”, said the health Minister. For media enquiries please contact: Fidel Hadebe – Department of Health: 079 517-3333 or Stavros Nicolaou – Senior Executive: Aspen Pharmacare: 082 458-3135. Issued by the Department of Health

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Statement by Aspen on the reported Tenofovir (TDF) public sector supply shortages

Statement by Aspen on the reported Tenofovir (TDF) public sector supply shortages Johannesburg: Since March this year there have been sporadic reports of Tenofovir (TDF) supply shortages in certain provinces and hospitals where patients are receiving ARV treatment. These reports seem to have manifested again this week and some allegations have emerged that the contracted TDF suppliers are in part responsible for these shortages. Aspen, as the Southern Hemisphere’s largest Pharmaceutical Manufacturer and the leading supplier of ARV’s to both the SA private and public sector can in no way condone these shortages, even if it is to a small group of patients and accordingly the company wishes to publicly clarify the following: • At a press briefing earlier today Minister of Health, Dr Aaron Motsoaledi confirmed that the National Department of Health (NDOH) had checked all 10 depots nationally and all 10 have TDF. • Aspen has the state contract to supply 70% of the required state volume for TDF for a two year period, commencing on 1 January 2011 and ending on 31 December 2012. It is required to deliver within 6 weeks of confirmation of received orders. • Initial offtakes for TDF during the first year of the tender contract were extremely low, with monthly orders placed on Aspen averaging around 250 000 monthly treatment packs. This was largely because donor fund procured TDF product displaced much of the tender volumes. • This donor fund procured inventory ran out by December 2011 and it became necessary for the current suppliers to respond, by immediately scaling up production. • The transition from donor stock to state procured TDF was not a smooth transition, with some provinces and institutions underforecasting demand and/or placing orders either erratically or only once stock levels had dwindled significantly. Consequently, some institutions remained well stocked, whilst others ran into problems. • Despite this, For example, NDOH’s forecast for 70% of the volume over the past 3 months from March to May 2012 required Aspen to supply 668 000 packs per month or 2 million packs for this period. Over this 3 month period, Aspen has supplied 2,4 million packs, exceeding its contractual requirement by more than 400 000 packs. This averages out to approximately 860 000 packs per month. Aspen has been advised by the NDOH that it is needed to over-supply on its contractual commitment because the supplier required to supply the other 30% of the TDF tender is unable to do so. Aspen has accordingly stepped in and is manufacturing in excess of its contractual requirements. By way of example, Aspen has supplied 1,140 million treatment packs for the month of May to the NDOH, exceeding by 350 000 packs its monthly contractual requirement. • As this crisis began to unfold, Aspen acting in consultation with the NDOH, has been able to step up both its raw material imports and allocation of manufacturing capacity to meet this increased demand. It has been able to do so with requisite flexibility and in a short space of time. • Given the current situation, Aspen will continue to commit the required capacity from now until the end of the tender period, to ensure that it not only meets its own tender volume obligations, but it is able to step in and supply the quantities that other suppliers are unable to. • Aspen views supply security and the maintenance of the integrity of the South African Public ARV programme as a National imperative. It also views its commitment to supply timeously and according to its committed quantities with equal importance. To this end, Aspen has an excellent track record in the manufacture, supply and delivery of ARV’s to the SA Government. This is not the first time Aspen has had to step in to supply where importers who had won the contract for other ARVs have been unable to supply in the current contract period. This has been the case, for example, where Aspen has had to take over supply for Stavudine 30mg and Lamivudine 150mg in the current two year contract period. Aspen has thus continued to supply on its own commitments, in addition to that where other suppliers have been unable to supply. In conclusion, Aspen is able to confirm that it is presently meeting both its contractual terms and supply volumes for TDF that it is required to in terms of the current ARV tender. The Company can also confirm that it presently has no backorder for TDF, meaning that all remaining orders in the system are within the 6 week delivery period. The company will supply around 1,1 million packs in June 2012, which will again exceed monthly NDOH forecast by 400 000 units.

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Stephen Saad raises R10 million for children

Health Minister supports Stephen Saad’s initiative as he raises R10m for children Durban: Health Minister Dr Aaron Motsoaledi’s support of the Sifiso Nxasana Paediatric Trust for the Children of Africa (“the Trust”), which is raising funds for paediatric hospitals, is paying off with R10 million already raised. The campaign was recently launched by pharmaceutical entrepreneur Stephen Saad, Aspen Group Chief Executive, as a personal commitment to making a quality healthcare difference for all children. Dr Motsoaledi demonstrated his support of the campaign by leading the field of cyclists alongside Saad in the inaugural 240 km Aspen Trans Karoo mountain bike challenge from Ceres to Sutherland in the Western Cape. Saad said “The Minister’s commitment to establishing and enhancing healthcare facilities for children has been amazing. His enthusiastic participation in the event proves that he truly cares about their needs and he demonstrated this with his peddling power.” Dr Motsoaledi supports the urgent need for public-private partnerships in addressing the shortage of paediatric healthcare. “The challenges confronting us are huge and government alone cannot adequately address them. We are glad that Aspen has identified this gap and are sharing our vision of ensuring that all children, regardless of their socio-economic status have access to quality paediatric care in our country”, said the health Minister. “We have an obligation to care for our children and we’re calling on local and offshore businesses who have an interest in Africa to support the Trust. We’re grateful for the pledges of R10 million received so far and I’m confident that we can raise so much more,” said Saad who has challenged big businesses to follow the Health Minister’s lead and make a meaningful paediatric difference through the Trust. Saad completed the race just short of 16 hours and said that it was a fabulous feeling to cross the finish line, knowing that his efforts would make a huge healthcare difference for children. Former South African Iron Man Raynark Tissink won the race with Hannele Steyn being the first lady to cross the finish line. The 18½ hour race route reached its highest point at 185km, with a 724m climb over 6km on a 12% gradient. South Africa needs more paediatric hospitals. There are only 4 in Africa to serve some 450 million children. The only such facility in South Africa is the Red Cross Children’s Hospital in Cape Town. Canada has 23, Australia has 19 and there are 20 in Germany. The two primary beneficiaries of the Trust have been identified as the Nelson Mandela Children’s Hospital and the Kwa-Zulu Natal Children’s Hospital. The Trust was established to support the Long Ride for Sifiso Campaign following the untimely passing of Sifiso Nxasana, son of Judy Dlamini and her husband Sizwe Nxasana, CEO of FirstRand Ltd. Judy is the Chairman of Aspen. To support the Trust, download and complete the Sifiso Nxasana Long Ride Campaign pledge form on www.transkaroomtb.co.za.

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Stephen Saad completes grueling 240km mountain bike challenge

Stephen Saad completes grueling Aspen Trans Karoo challenge Sutherland, Western Cape: Stephen Saad, Aspen Group Chief Executive, completed the grueling inaugural 240km Aspen Trans Karoo mountain bike challenge in 15hrs59min30sec in a bid to raise funds for desperately needed paediatric healthcare facilities in South Africa. Raynard Tissink won the endurance race in a time of 9hrs42min. The challenge started at Ezelfontein in Ceres and stretched to Sutherland in the Western Cape. Tissink completed the race some 4 minutes head of Timo Cooper and Hannes Hanekom who crossed the line in second and third place respectively. Hannele Steyn was the first lady home with a time of 11hrs32min44sec. Health Minister Dr Aaron Motsoaledi and Stephen Saad, Aspen Group Chief Executive started the grueling race together in support of healthcare facilities for children in South Africa. Saad took on the challenge to raise funds for children’s hospitals through the Sifiso Nxasana Paediatric Trust for the Children of Africa (“the Trust”), which Stephen recently established. The initiative was fully embraced by Dr Motsoaledi as was demonstrated through his race participation. Saad said, “The race was a beast but an incredible endurance challenge as I’d never cycled this distance before. It was a fabulous feeling to cross the finish line, knowing that my efforts would make a huge healthcare difference for children, irrespective of their socio-economic backgrounds.” He completed the race together with team Aspen cyclists Chris Mortimer, a non-executive director of Aspen, Rob Scott and Rick Kennedy. The 18½-hour race route reached its highest point at 185km, with a 724m climb over 6km on a 12% gradient. Additional first place race results included: Two man solo team: Mathew Wentworth & Hudson Chevallier. Two ladies team: Anneke Jacobs and Alma Colyn. Two mixed team: Neil and Belinda van Tonder. Four man team: Ben Mathewson, Craig Lillie, John Andrew and Jason Bailey. Four mixed team: Jean Goussard, Francois Boonzaier, Andre du Toit and Hannelle Smith. Saad has been calling on organisations that have an interest in Africa to support the Trust through sponsorship or donations. The two primary beneficiaries are the Nelson Mandela Children’s Hospital and the Kwa-Zulu Natal Children’s Hospital. The Trust was established to support the Long Ride for Sifiso Campaign following the untimely passing of Sifiso Nxasana, son of Judy Dlamini and her husband Sizwe Nxasana, CEO FirstRand Ltd. Judy is the Chairman of Aspen. Africa presently has 4 specialist paediatric facilities to care for some 450 million children with the only local facility being the Red Cross Children’s Hospital in Cape Town. In contrast, there are 23 children’s hospitals in Canada, 19 in Australia and 20 in Germany. To support the Trust, download and complete the Sifiso Nxasana Long Ride Campaign pledge form on www.transkaroomtb.co.za.

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Stephen Saad & Health Minister cycle for children’s hospitals

Ceres, Western Cape: Health Minister Dr Aaron Motsoaledi and Stephen Saad, Aspen Group Chief Executive started the grueling inaugural 240km Aspen Trans Karoo mountain bike challenge together earlier today to enhance healthcare for children in South Africa. Stephen said, “Raising funds for paediatric healthcare facilities through the Sifiso Nxasana Paediatric Trust for the Children of Africa (“the Trust”) has been the primary motivator for participating in this race. We are delighted that Dr Motosaledi has embraced our vision to provide enhanced access to quality healthcare for all children – irrespective of their socio-economic background.” Dr Motsoaledi supports the urgent need for public-private partnerships in addressing the shortage of paediatric healthcare. “The challenges confronting us are huge and government alone cannot adequately address them. We are glad that Aspen has identified this gap and are sharing our vision of ensuring that all children, regardless of their socio-economic status have access to quality paediatric care in our country”, said the health Minister. Saad has been calling on organisations that have an interest in Africa to support this worthy cause through sponsorship or donations. “The children of Africa need the support of large organisations. The response to this initiative has been encouraging and we hope to make a meaningful contribution to our two primary beneficiaries, the Nelson Mandela Children’s Hospital and the Kwa-Zulu Natal Children’s Hospital.” Africa presently has 4 specialist paediatric facilities to care for some 450 million children with the only local facility being the Red Cross Children’s Hospital in Cape Town. In contrast, there are 23 children’s hospitals in Canada, 19 in Australia and 20 in Germany. The Trust was established to support the Long Ride for Sifiso Campaign following the untimely passing of Sifiso Nxasana, son of Judy Dlamini and her husband Sizwe Nxasana, CEO FirstRand Ltd. Judy is the Chairman of Aspen. Judy and Sizwe were in attendance together with their extended families to pay tribute to Sifiso and to encourage the 220 cyclists who set off in pleasant conditions on the 240 km challenge from Ezelfontein in Ceres to Sutherland in the Western Cape. Judy said that it was a fitting opportunity to demonstrate support for the establishment and enhancement of paediatric healthcare for Southern Africa’s children. Former President Nelson Mandela’s living legacy is to build a state-of-the-art children’s hospital that will provide paediatric care for all children across Africa. The Kwa-Zulu Natal Children’s Hospital is also being re-established to provide for the regional healthcare needs of approximately 3 million children. To support the Trust, download and complete the Sifiso Nxasana Long Ride Campaign pledge form on www.transkaroomtb.co.za.

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Media Enquiries

Shauneen Beukes
Group Communications Consultant
+27 31 580 8600
+27 82 389 8900
sbeukes@aspenpharma.com

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Closed Period

Aspen is in a closed period from 1st January 2026 until the publication of the interim results on the JSE SENS platform on the 3rd March 2026.

The live presentation will take place in Cape Town at 08h30 on 2 March 2023.

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