ADCORP HOLDINGS LIMITED - Dealing in securities by a directors associate

Dealing in securities by a director’s associate

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

DEALING IN SECURITIES BY A DIRECTOR’S 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 Adcorp director’s associate:


Director                      : Mr S Sithole
Director’s Associate          : H4 Collective Investments (RF)
                              Proprietary Limited acting on behalf of
                              Value Active PFP H4 QI Hedge (“the Fund”).
                              Value Capital Partners Proprietary Limited
                              (in which Mr S Sithole has an indirect
                              beneficial interest), are advisors to
                              Peregrine Fund Platform Proprietary
                              Limited, the registered investment manager
                              of the Fund.
Date of transaction           : 5 December 2017
Number of securities          : 26 898
Nature of transaction         : On-market acquisition of securities
Share price                   : R17.21
Total value of transaction    : R462 790.85
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes


Director                      : Mr S Sithole
Director’s Associate          : H4 Collective Investments (RF)
                              Proprietary Limited acting on behalf of
                              Value Active PFP H4 QI Hedge (“the Fund”).
                              Value Capital Partners Proprietary Limited
                              (in which Mr S Sithole has an indirect
                              beneficial interest), are advisors to
                              Peregrine Fund Platform Proprietary
                              Limited, the registered investment manager
                              of the Fund.
Date of transaction           : 6 December 2017
Number of securities          : 8 818
Nature of transaction         : On-market acquisition of securities
Share price                   : R17.26
Total value of transaction    : R152 171.34
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes
Director                      : Mr S Sithole
Director’s Associate          : H4 Collective Investments (RF)
                              Proprietary Limited acting on behalf of
                              Value Active PFP H4 QI Hedge (“the Fund”).
                              Value Capital Partners Proprietary Limited
                              (in which Mr S Sithole has an indirect
                              beneficial interest), are advisors to
                              Peregrine Fund Platform Proprietary
                              Limited, the registered investment manager
                              of the Fund.
Date of transaction           : 7 December 2017
Number of securities          : 3 113
Nature of transaction         : On-market acquisition of securities
Share price                   : R17.21
Total value of transaction    : R53 574.73
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes


Director                      : Mr S Sithole
Director’s Associate          : H4 Collective Investments (RF)
                              Proprietary Limited acting on behalf of
                              Value Active PFP H4 QI Hedge (“the Fund”).
                              Value Capital Partners Proprietary Limited
                              (in which Mr S Sithole has an indirect
                              beneficial interest), are advisors to
                              Peregrine Fund Platform Proprietary
                              Limited, the registered investment manager
                              of the Fund.
Date of transaction           : 8 December 2017
Number of securities          : 24 367
Nature of transaction         : On-market acquisition of securities
Share price                   : R17.24
Total value of transaction    : R420 060.28
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes


11 December 2017
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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