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

Dealing 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”)

DEALING 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 HR, Remuneration
and Nominations Committee:

1. Director:                          Mr AG Hall
   Designation:                       Executive Director
   Number of options granted:         200,000
   Strike price of options:           R42.30*
   Vesting periods:                   26/08/2019, 26/08/2020,
                                      26/08/2021
   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:               16 September 2016
   Total transaction value:           R8,460,000.00*

2. Director:                          Ms D Neethling
   Designation:                       Executive Director
   Number of options granted:         150 000
   Strike price of options:           R42.30*
   Vesting periods:                   26/08/2019, 26/08/2020,
                                      26/08/2021
   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:               16 September 2016
   Total transaction value:           R6,345,000.00*

3. Director:                          Ms BJ Letsoalo
   Designation:                       Executive Director
   Number of options granted:         45 000*
   Strike price of options:           R42.30
   Vesting periods:                   26/08/2019, 26/08/2020,
                                      26/08/2021
   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:               16 September 2016
   Total transaction value:           R1,903,500.00*

4. Company Secretary:                 Mr NE Simelane
   Designation:                       Company Secretary
   Number of options granted:         45 000*
   Strike price of options:           R42.30
   Vesting periods:                   26/08/2019, 26/08/2020,
                                      26/08/2021
   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:               16 September 2016
   Total transaction value:           R1,903,500.00*

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

* Discounted by 10% based on the R47.00 closing price of an
Adcock Ingram ordinary share on the date of grant, being 16
August 2016.

Midrand
19 September 2016

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

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