ADCORP HOLDINGS LIMITED - Withdrawal of cautionary

Withdrawal of cautionary

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR
ISIN: ZAE000000139
("the Company" or “Adcorp”)

Withdrawal of cautionary announcement

Shareholders are referred to the cautionary announcement dated 9 February 2016 and renewed on 23 March 2016, 10
May 2016, 22 June 2016 and 4 August 2016, in which shareholders were advised that the Company had been engaged
in negotiations relating to, inter alia, partnering with financiers on its international expansion strategy.

Shareholders are advised that Adcorp has elected not to further pursue the negotiations, following an extensive analysis
of the proposed commercial terms. As such, shareholders are no longer required to exercise caution when dealing in
the Company’s securities.

26 August 2016
Johannesburg

Corporate advisor and transaction sponsor
Investec Bank Limited

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

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