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ADR - Adcorp Holdings Limited - Directors Dealing In Securities Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1974/001804/06) ("Adcorp" or "the Company") Share code: ADR ISIN:ZAE000000139 Directors Dealing In Securities In compliance with rule of 3.63 to 3.74 of the JSE Listing Requirements, the following should be noted in respect of off-market allocation of shares: Item 1 Name of director: R L Pike Date of transaction: 31 January 2011 Nature of transaction: Share Appreciation Rights Number of shares: 350 000 Allocated Price: 2675 cents Total value: R9 362 500 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 2 Name of director: R L Pike Date of transaction: 31 January 2011 Nature of transaction: Performance Shares Number of shares: 120 000 Allocated Price: 2675 cents Total value: R3 210 000 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 3 Name of director: P C Swart Date of transaction: 31 January 2011 Nature of transaction: Share Appreciation Rights Number of shares: 300 000 Allocated Price: 2675 cents Total value: R8 025 000 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 4 Name of director: P C Swart Date of transaction: 31 January 2011 Nature of transaction: Performance Shares Number of shares: 100 000 Allocated Price: 2675 cents Total value: R2 675 000 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 5 Name of director: C Bomela Date of transaction: 31January 2011 Nature of transaction: Share Appreciation Rights Number of shares: 250 000 Allocated Price: 2675cents Total value: R6 687 500 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 6 Name of director: C Bomela Date of transaction: 31 January 2011 Nature of transaction: Performance Shares Number of shares: 65 000 Allocated Price: 2675cents Total value: R1738 750 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 7 Name of director: A M Sher Date of transaction: 31 January 2011 Nature of transaction: Share Appreciation Rights Number of shares: 300 000 Allocated Price: 2675cents Total value: R8 025 000 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Item 8 Name of director: A M Sher Date of transaction: 31 January 2011 Nature of transaction: Performance Shares Number of shares: 85 000 Allocated Price: 2675 cents Total value: R2 273 750 Vesting date: 31 January 2013 Nature of interest: Direct Beneficial Accepted: Yes Chairman`s approval granted 4 February 2011 Bryanston Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 04/02/2011 11:10:02 Supplied by www.sharenet.co.za 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.
