Directors dealings in securities Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1974/001804/06) (“Adcorp”) Share code: ADR ISIN: ZAE000000139 Director’s dealings In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following information is disclosed in respect of an off- market sale of Adcorp ordinary shares: Name of director: RL Pike Date of transaction: 21 January 2013 Nature of transaction: Sale of shares Number of shares: 177 945 ordinary shares Sale price: 2940.05 cents per share Total value: R5 231 671.97 Nature of interest: Direct Beneficial Clearance received: Yes Name of director: PC Swart Date of transaction: 21 January 2013 Nature of transaction: Sale of shares Number of shares: 397 126 ordinary shares Sale price: 2940.05 cents per share Total value: R11 675 702.96 Nature of interest: Direct Beneficial Clearance received: Yes Name of director: C Bomela Date of transaction: 21 January 2013 Nature of transaction: Sale of shares Number of securities: 97 604 ordinary shares Allocated Price: 2940.05 cents per share Total value: R2 869 606.40 Nature of interest: Direct Beneficial Clearance received: Yes 22 January 2013 Bryanston Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 22/01/2013 12:20:00 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.