ADCORP HOLDINGS LIMITED - Dealing In Securities By Directors Associate

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 and Mr TP Moeketsi
Directors’ Associate          : Value Capital Partners Proprietary
                                 Limited*
Date of transaction           : 2 August 2018
Number of securities          : 35 508
Nature of transaction         : On-market acquisition of securities
Share price                   : R15.50
Total value of transaction    : R550 374.00
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes

Directors                     : Mr S Sithole and Mr TP Moeketsi
Directors’ Associate          : Value Capital Partners Proprietary
                                 Limited*
Date of transaction           : 3 August 2018
Number of securities          : 108 002
Nature of transaction         : On-market acquisition of securities
Share price                   : R15.50
Total value of transaction    : R1 673 901.40
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes

Directors                     : Mr S Sithole and Mr TP Moeketsi
Directors’ Associate          : Value Capital Partners Proprietary
                                 Limited*
Date of transaction           : 6 August 2018
Number of securities          : 145 838
Nature of transaction         : On-market acquisition of securities
Share price                   : R15.50
Total value of transaction    : R2 260 489.00
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes

* Mr S Sithole and Mr TP Moeketsi 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.

7 August 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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