Adcorp: dealing in securities by Directors’ Associate

Adcorp Holdings Limited
Registration number 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp”)

DEALING IN SECURITIES BY DIRECTORS’ ASSOCIATE

In compliance with the JSE Limited Listings Requirements, the following information is disclosed in respect of dealing in Adcorp ordinary shares (“securities”) by an associate of Adcorp directors:

Directors: Mr S Sithole and Mr MM Nkosi
Directors’ Associate: Value Capital Partners Proprietary Limited*
Date of transaction: 26 November 2019
Number of securities: 5 183
Nature of transaction: On-market acquisition of securities
Average share price: R12.2233
Lowest share price: R12.00
Highest share price: R12.75
Total value of transaction: R63 353.36

Date of transaction: 28 November 2019
Number of securities: 22 093
Nature of transaction: On-market acquisition of securities
Average share price: R11.9998
Lowest share price: R11.99
Highest share price: R12.00
Total value of transaction: R265 111.58
Nature of interest of directors: Indirect, Beneficial
Nature of interest of associate: Direct, Beneficial
Clearance obtained: Yes

* Mr S Sithole and Mr MM Nkosi have an indirect beneficial interest in Value Capital Partners Proprietary Limited (“VCP”), which is the advisor to Legal Peresec Fund Platform Proprietary Limited, the registered investment manager for various funds advised by VCP.

3 December 2019
Sandton
Sponsor: Nedbank Corporate and Investment Banking