ADR - Adcorp Holdings Limited - Acquisition of Adcorp ordinary shares by

ADR - Adcorp Holdings Limited - Acquisition of Adcorp ordinary shares by        
Britehouse Holdings (Proprietary) Limited                                       
ADCORP HOLDINGS LIMITED                                                         
(Incorporated in the Republic of South Africa)                                  
Registration Number: 1974/001804/06                                             
JSE Code: ADR                                                                   
ISIN Code: ZAE000000139                                                         
("Adcorp" or "the Company")                                                     
Acquisition of ADCORP Ordinary Shares by Britehouse holdings (proprietary)      
limited                                                                         
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the     
Act") and section 3.83(b) of the JSE Limited  Listings Requirements, holders    
of ordinary shares in the Company are advised that Britehouse Holdings          
(Proprietary) Limited has notified Adcorp that it has acquired a total of       
4,721,645 ordinary shares in the Company. The Company hereby confirms that      
they have received formal notification in the prescribed form from              
Britehouse Holdings (Proprietary) Limited in terms of Section 122 (1) (a) of    
the Act, which confirms that Britehouse Holdings (Proprietary) Limited holds    
a beneficial interest in Adcorp ordinary shares of 6.1%.                        
Johannesburg                                                                    
19 December 2011                                                                
Financial Advisor and transaction sponsor                                       
Investec Corporate Finance                                                      
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Proprietary) Limited                        
Date: 19/12/2011 16:25:33 Supplied by www.sharenet.co.za                     
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