ADCOCK INGRAM HOLDINGS LIMITED - Grant and acceptance of options

Grant and acceptance of options

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

Grant and acceptance of Options

In accordance with the JSE Limited Listings Requirements
("Listings Requirements"), shareholders are advised that the
executive director 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   Share  Options   are  awarded   subject  to  performance
conditions. 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:         175 000
   Strike price of options:           R41.94
   Vesting periods:                   26/08/2018, 26/08/2019,
                                      26/08/2020
  Nature of transaction:              Acceptance of Options
                                      offered in terms of the
                                      scheme (off market)
  Nature of interest:                 Direct, beneficial
  Class of securities:                Ordinary shares
  Selling price per share:            Shares shall be issued
                                      at a 10% discount i.e.
                                      at a share price of
                                      R41.94 (the closing
                                      share price as at 24
                                      August 2015 was R46.60).
  Number of securities:               175 000
  Date of transaction:                26 August 2015
  Total transaction value:            R7,339,500.00


2. Company Secretary:                 Mr NE Simelane
   Designation:                       Company Secretary
   Number of Options granted:         45 000
   Strike price of options:           R41.94
   Vesting periods:                   26/08/2018, 26/08/2019,
                                      26/08/2020
  Nature of transaction:              Acceptance of Options
                                      offered in terms of the
                                      scheme (off market)
  Nature of interest:                 Direct, beneficial
  Class of securities:                Ordinary shares
  Selling price per share:            Shares shall be issued
                                      at a 10% discount i.e.
                                      at a share price of
                                      R41.94 (the closing
                                      share price as at 24
                                      August 2015 was R46.60).
  Number of securities:               45 000
  Date of transaction:                26 August 2015
  Total transaction value:            R1,887,300

Clearance has been obtained as required in terms of the JSE
Listings Requirements.

Midrand
17 November 2015

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

Date: 17/11/2015 05:00:00 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.