ADCORP HOLDINGS LIMITED - Listing of new financial instrument - ADCB04

Listing of new financial instrument - ADCB04

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI
ISIN: ZAG000122060
("Adcorp")

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Adcorp (the "Issuer") the listing of
its ADCB04 Senior Secured Floating Rate Notes, in terms of its
ZAR2,000,000,000 Domestic Medium Term Note Programme dated 6 March
2013.

INSTRUMENT TYPE:               Floating Rate Notes
Total Notes in Issue:          R785,000,000.00 excluding this
                               issuance of Notes

Instrument Code:               ADCB04
Nominal Issued:                R200,000,000.00
Issue Price:                   100%
Interest Rate for First        8.683% (3 month JIBAR as at 24 November
Interest Period:               2014 of 6.083% plus 2.60%)
Coupon Rate Indicator:         Floating
Issue Date:                    27 November 2014
Interest Commencement Date:    27 November 2014
First Interest Payment Date:   27 February 2015
Maturity Date:                 27 November 2017
Last day to register:          17h00 on 16 February, 16 May, 16 August and
                               16 November of each year that the
                               Notes are in issue.
Books Close:                   27 February, 27 May, 27 August and
                               27 November of each year that the Notes
                               are in issue.
Interest Payment Date(s):      27 February, 27 May, 27 August and
                               27 November of each year the Notes are in
                               issue.
ISIN:                          ZAG000122060
Business Day Convention:       Following Business Day

Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited

The Notes will be immobilised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of
JSE Rules.

Any prospective purchaser of the note should contact Rand Merchant
Bank for details of the terms of the note. In this regard,
prospective purchasers should be aware that:

1. The note issued is subject to the terms and conditions of the
pricing supplement agreed between the Issuer and the subscriber(s)
for the note and the Terms and Conditions of the Notes as set out in
the Programme Memorandum dated 6 March 2013 in respect of the
Issuer’s Note Programme;

2. The performance of each note issued is linked to the performance
of an underlying third party entity and/or obligation stipulated in
the pricing supplement in respect of the note and accordingly, as the
prospective purchaser will assume credit exposure to both the Issuer
and such entity and/or obligation, the note is only suitable for
purchase by financially sophisticated investors after conducting all
relevant independent investigations. The risks pertaining to credit-
linked notes generally are more fully set out in the Programme
Memorandum. Copies of the Programme Memorandum are available from
the Issuer.

26 November 2014

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 26/11/2014 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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