ADR - Adcorp Holdings Limited - Results of the Adcorp General Meeting

ADR - Adcorp Holdings Limited - Results of the Adcorp General Meeting           
Adcorp Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
Share Code: ADR ISIN: ZAE000000139                                              
("Adcorp" or "the Company")                                                     
RESULTS OF THE ADCORP GENERAL MEETING                                           
INTRODUCTION                                                                    
Adcorp shareholders ("Shareholders") are referred to the joint                  
announcement by Adcorp and Paracon Holdings Limited ("Paracon") of a firm       
intention by Adcorp to make an offer to acquire the entire issued share         
capital of Paracon, excluding those shares held by subsidiaries of              
Paracon ("Proposed Transaction"), which was released on SENS on 6               
September 2011 and published in the press on 7 September 2011.                  
OUTCOME OF THE GENERAL MEETING                                                  
Shareholders are advised that, at the general meeting held today at the         
registered office of the Company, all of the proposed resolutions               
included in the notice of the general meeting included in the Adcorp            
circular to Shareholders, dated 30 September 2011, were approved by the         
requisite majority of Shareholders.                                             
The Proposed Transaction remains subject to conditions precedent and once       
all the conditions precedent to the Proposed Transaction have been              
fulfilled a further announcement will be made.                                  
Bryanston                                                                       
1 November 2011                                                                 
Corporate Adviser and Transaction Sponsor: Investec Bank Limited                
Legal Adviser to Adcorp                                                         
Webber Wentzel                                                                  
Sponsor: Deloitte & Touche Sponsor Services (Proprietary) Limited               
Date: 01/11/2011 12:55:35 Supplied by www.sharenet.co.za                     
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