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 Adcorp directors’ associate:

Directors: Mr S Sithole, Mr TP Moeketsi and Mr MM Nkosi
Directors’ Associate: Value Capital Partners Proprietary Limited*
Date of transaction: 8 November 2018
Number of securities: 746 186
Nature of transaction: On-market acquisition of securities
Share price: R19.50
Total value of transaction: R14 550 627.00
Nature of interest: Indirect, Beneficial
Clearance obtained: Yes

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

13 November 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd