Director’s dealing in Adcorp securities Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1974/001804/06) ("Adcorp”) Share code: ADR ISIN: ZAE000000139 Director’s dealing in Adcorp securities In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listing Requirements, the following information is disclosed in respect of an off- market exercise of Performance Shares (PFs) and subsequent purchase of Adcorp ordinary shares: Name of director: PC Swart Date of transaction: 28 June 2013 Nature of transaction: Exercise of PFs and subsequent purchase of Adcorp ordinary shares Number of securities: 60 000 Type and class of securities issued: Ordinary shares Allocated Price: per table Total value: R1 758 000.00 Period of vesting: per table Vesting date: per table Purchasee price: per table Nature of interest: Direct Beneficial Clearance received: Yes Instrument Quantity Allocated Conversion Period Vesting Purchase Price into of date Price ordinary vesting shares PFs 100 000 26.75 60 000 2 years 31 29.30 January 2013 Total 60 000 Name of director: AM Sher Date of transaction: 28 June 2013 Nature of transaction: Exercise of PFs and subsequent purchase of Adcorp ordinary shares Number of securities: 51 000 Type and class of securities issued: Ordinary shares Allocated Price: per table Total value: R1 494 300.00 Period of vesting: per table Vesting date: per table Purchase price: per table Nature of interest: Direct Beneficial Clearance received: Yes Instrument Quantity Allocated Conversion Period Vesting Purchase Price into of date Price ordinary vesting shares PFs 85 000 26.75 51 000 2 years 31 29.30 January 2013 Total 51 000 Name of director: C Bomela Date of transaction: 28 June 2013 Nature of transaction: Exercise of PFs and subsequent purchase of Adcorp ordinary shares Number of securities: 39 000 Type and class of securities issued: Ordinary shares Allocated Price: per table Total value: R1 1 42 700.00 Period of vesting: per table Vesting date: per table Purchase price: per table Nature of interest: Direct Beneficial Clearance received: Yes Instrument Quantity Allocated Conversion Period Vesting Purchase Price into of date Price ordinary vesting shares Performance 65 000 26.75 39 000 2 years 31 29.30 shares January 2013 Total 39 000 28 June 2013 Bryanston Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 28/06/2013 03:28:00 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.