ADCORP HOLDINGS LIMITED - Directors dealing in Adcorp securities

Director’s dealing in Adcorp securities

        Adcorp Holdings Limited
        (Incorporated in the Republic of South Africa)
        (Registration number 1974/001804/06)
        ("Adcorp”)
        Share code: ADR ISIN: ZAE000000139

        Director’s dealing in Adcorp securities

        In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listing
        Requirements, the following information is disclosed in respect of an off-
        market exercise of Performance Shares (PFs) and subsequent purchase of
        Adcorp ordinary shares:

        Name of director:                      PC Swart
        Date of transaction:                   28 June 2013
        Nature of transaction:                 Exercise of PFs and subsequent
                                               purchase of   Adcorp ordinary shares
        Number of securities:                  60 000
        Type and class of securities issued:   Ordinary shares
        Allocated Price:                       per table
        Total value:                           R1 758 000.00
        Period of vesting:                     per table
        Vesting date:                          per table
        Purchasee price:                       per table
        Nature of interest:                    Direct Beneficial
        Clearance received:                    Yes


Instrument      Quantity   Allocated   Conversion      Period    Vesting   Purchase
                           Price       into            of        date      Price
                                       ordinary        vesting
                                       shares
PFs              100 000   26.75          60 000       2 years   31        29.30
                                                                 January
                                                                 2013
Total                                     60 000




        Name of director:                      AM Sher
        Date of transaction:                   28 June 2013
        Nature of transaction:                 Exercise of PFs and subsequent
                                               purchase of Adcorp ordinary shares
        Number of securities:                  51 000
        Type and class of securities issued:   Ordinary shares
        Allocated Price:                       per table
        Total value:                           R1 494 300.00
        Period of vesting:                     per table
        Vesting date:                          per table
        Purchase price:                        per table
        Nature of interest:                    Direct Beneficial
        Clearance received:                    Yes
Instrument      Quantity   Allocated   Conversion      Period    Vesting   Purchase
                           Price       into            of        date      Price
                                       ordinary        vesting
                                       shares
PFs              85 000    26.75          51 000       2 years   31        29.30
                                                                 January
                                                                 2013
Total                                     51 000



        Name of director:                      C Bomela
        Date of transaction:                   28 June 2013
        Nature of transaction:                 Exercise of PFs and subsequent
                                               purchase of Adcorp ordinary shares
        Number of securities:                  39 000
        Type and class of securities issued:   Ordinary shares
        Allocated Price:                       per table
        Total value:                           R1 1 42 700.00
        Period of vesting:                     per table
        Vesting date:                          per table
        Purchase price:                        per table
        Nature of interest:                    Direct Beneficial
        Clearance received:                    Yes




Instrument      Quantity   Allocated   Conversion      Period    Vesting   Purchase
                           Price       into            of        date      Price
                                       ordinary        vesting
                                       shares
Performance     65 000     26.75          39 000       2 years   31        29.30
shares                                                           January
                                                                 2013
Total                                     39 000


        28 June 2013

        Bryanston
        Sponsor
        Deloitte & Touche Sponsor Services (Pty) Ltd

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