ADR - Adcorp Holdings Limited - Voluntary Trading Statement for the six months

ADR - Adcorp Holdings Limited - Voluntary Trading Statement for the six months  
ended 31 August 2011                                                            
Adcorp Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
("Adcorp" or "the company")                                                     
Share code: ADR & ISIN: ZAE000000139                                            
VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2011             
In terms of the Listings Requirements of the JSE Limited, companies are         
requiredto publish a trading statement as soon as they become aware that the    
financialresults for the period to be reported upon next will differ by at least
20% fromthe financial results for the previous corresponding period.            
Although within the parameter above, Adcorp shareholders are advised that forthe
six months ended 31 August 2011 earnings per share and headline earnings        
pershare are expected to increase by 15% to 19%. Earnings per share andheadline 
earnings per share are therefore expected to be between 109 cents and 113 cents 
per share.                                                                      
On a normalised trading position, where non-cash flow IFRS adjustments          
areeliminated, normalised  earnings per share is expected to be between 4% and  
8%higher than those for the 6 months ended 31 August 2010.  As a result,        
normalisedearnings per share is expected to be between 152 cents and 160 cents  
per share.                                                                      
The financial results on which this trading statement has been based have       
notbeen reviewed or reported on by the company`s auditors. The financial results
ofthe company will be published on or about 12 October 2011.                    
For further information please contact:                                         
Anthony Sher                                                                    
Chief Financial Officer                                                         
Tel: (011) 244-5316                                                             
5 October 2011Bryanston                                                         
SponsorDeloitte & Touche Sponsor Services (Pty) Limited                         
Date: 05/10/2011 08:00:01 Supplied by www.sharenet.co.za                     
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