Change in beneficial owner VCP

Adcorp Holdings Limited
Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
(“Adcorp” or “the Company”)

Acquisition of securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Act”) and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Adcorp has received formal notification in the prescribed form that Value Capital Partners (Pty) Ltd (“VCP”), who are the advisors to Peregrine Fund Platform (Pty) Ltd, the registered fund investment manager for various funds advised by VCP, has acquired an additional interest in the securities of the Company, such that the total interest in the securities of the Company held by funds advised by VCP has increased to 23.06% of the total issued share capital of the Company.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice with the Takeover Regulation Panel.

Bryanston
19 December 2018

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd