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: 31 October 2018

Number of securities: 76

Nature of transaction: On-market sale of securities

Share price: R20.03

Total value of transaction: R1 522.30

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.

VCP’s back-office entered into the above trades on 31 October 2018 to cover transaction costs associated with an automatic portfolio rebalancing amongst its various funds for its month-end process.

6 November 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd