ADCOCK INGRAM HOLDINGS LIMITED - The adjournment of the General Meetings and Renewal of Cautionary Announcement

The adjournment of the General Meetings and Renewal of Cautionary Announcement

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

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
                       WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION


ANNOUNCEMENT REGARDING THE ADJOURNMENT OF THE GENERAL MEETINGS AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT

1. INTRODUCTION

   Adcock Ingram shareholders are referred to the announcement released on the Stock Exchange News Service
   (“SENS”) of the JSE Limited on Friday, 13 December 2013 and published in the press on Tuesday, 17 December 2013
   (the “13 December announcement”). The 13 December announcement referred to, inter alia, a notice received from
   CFR Pharmaceuticals S.A. (“CFR”) to increase the total consideration payable to the holders of Adcock Ingram
   ordinary shares in terms of the scheme of arrangement proposed between Adcock Ingram and Adcock Ingram
   ordinary shareholders (other than the ordinary shares held by Adcock Ingram’s wholly-owned subsidiary) (“the
   Scheme”), and a consequent recommendation by the Adcock Ingram Independent Board to adjourn the Combined
   General Meeting and the Ordinary General Meeting (“General Meetings”) scheduled to take place on Wednesday,
   18 December 2013 to consider the proposed resolutions in respect of the Scheme.

   Adcock Ingram shareholders are advised that the General Meetings were convened in terms of the notices of the
   respective General Meetings dated 18 November 2013 on Wednesday, 18 December 2013 at 10:00am and 12:00
   noon South Africa time respectively.

2. ADJOURNMENT OF GENERAL MEETINGS

   At each of the General Meetings resolutions to adjourn the General Meetings were proposed, and approved by the
   requisite majorities. The General Meetings have accordingly been duly adjourned until a date still to be announced,
   but anticipated to be around the end of January 2014.

   A form of proxy lodged or a letter of representation issued for one or both of the General Meetings will remain valid
   for the relevant adjourned General Meetings. In addition, properly completed new or replacement forms of proxy
   may be lodged with or posted to Computershare Investor Services Proprietary Limited, the transfer secretaries of
   Adcock Ingram up to at least 48 hours prior to the resumption of the adjourned General Meetings, or may be
   handed to the Chairman of the adjourned General Meetings not later than 10 minutes before the time of the
   relevant adjourned General Meeting.

3. RENEWAL OF CAUTIONARY ANNOUNCEMENT

   Adcock Ingram and CFR are still in the process of revising the pro forma financial effects of the revised terms of the
   Scheme on Adcock Ingram shareholders. Adcock Ingram shareholders are advised to continue exercising caution
   when dealing in the Company’s securities until a further announcement is made.

4. RESPONSIBILITY STATEMENTS

    The Adcock Ingram Independent Board accepts responsibility for the information contained in this announcement
    insofar as it relates to Adcock Ingram. To the best of their knowledge and belief, the information contained in this
    announcement which relates to Adcock Ingram is true and this announcement does not omit anything likely to
    affect the importance of such information.

    The Adcock Ingram Board accepts responsibility for the information contained in this announcement insofar as it
    relates to Adcock Ingram. To the best of their knowledge and belief, the information contained in this
    announcement which relates to Adcock Ingram is true and this announcement does not omit anything likely to
    affect the importance of such information.


For Adcock Ingram media enquiries:
Brunswick
Tel: +27 11 502 7300
Carol Roos
+27 72 690 1230
Marina Bidoli
+27 83 253 0478

Midrand
18 December 2013


Sponsor to Adcock Ingram
Deutsche Securities (SA) Proprietary Limited

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