ADCOCK INGRAM HOLDINGS LIMITED - Dealings in securities by executive directors and company secretary

Dealings in securities by executive directors and company secretary

Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram”)

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY

In accordance with the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are
advised that executive directors and the company secretary have been awarded Share Options in terms
of the Adcock Ingram Employees Share Scheme (“scheme”) which was approved by shareholders in
2008. The following individual allocations were approved by the Board following a recommendation
from the Human Resources, Remuneration and Nominations Committee:

1.   Director:                            Mr AG Hall
     Designation:                         Executive Director
     Number of options granted:           200 000
     Strike price of options:             R57.73*
     Vesting periods:                     24/08/2020, 24/08/2021 and 24/08/2022
     Nature of transaction:               Acceptance of share options granted in terms of the scheme
                                          (off market)
     Nature of interest:                  Direct, beneficial
     Class of securities:                 Options in respect of ordinary shares
     Date of transaction:                 21 September 2017
     Total transaction value:             R11 546 000

2.   Director:                            Ms D Neethling
     Designation:                         Executive Director
     Number of options granted:           150 000
     Strike price of options:             R57.73*
     Vesting periods:                     24/08/2020, 24/08/2021 and 24/08/2022
     Nature of transaction:               Acceptance of share options granted in terms of the scheme
                                          (off market)
     Nature of interest:                  Direct, beneficial
     Class of securities:                 Options in respect of ordinary shares
     Date of transaction:                 21 September 2017
     Total transaction value:             R8 659 500

3.   Director:                            Ms BJ Letsoalo
     Designation:                         Executive Director
     Number of options granted:           120 000
     Strike price of options:             R57.73*
     Vesting periods:                     24/08/2020, 24/08/2021 and 24/08/2022
     Nature of transaction:               Acceptance of share options granted in terms of the scheme
                                          (off market)
     Nature of interest:                  Direct, beneficial
     Class of securities:                 Options in respect of ordinary shares
     Date of transaction:                 21 September 2017
     Total transaction value:             R6 927 600

4.   Company Secretary:                   Mr NE Simelane
     Designation:                         Company Secretary
     Number of options granted:           45 000
     Strike price of options:             R57.73*
     Vesting periods:                     24/08/2019, 24/08/2020 and 24/08/2021
     Nature of transaction:               Acceptance of share options granted in terms of the scheme
                                          (off market)
     Nature of interest:                  Direct, beneficial
     Class of securities:                 Options in respect of ordinary shares
     Date of transaction:                 21 September 2017
     Total transaction value:             R2 597 850

Clearance for the above transactions has been obtained as required in terms of the Listings Requirements.

* Discounted by 10% based on the R64.14 closing price of an Adcock Ingram ordinary share on the
date of grant, being 24 August 2017.

Midrand
22 September 2017

Sponsor
RAND MERCHANT BANK (a Division of FirstRand Bank Limited)

Date: 22/09/2017 07:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.