ADCOCK INGRAM HOLDINGS LIMITED - Cautionary announcement

Cautionary announcement

Adcock Ingram Holdings Limited

(Incorporated in the Republic of South Africa)

Registration number 2007/016236/06

Share code: AIP

ISIN: ZAE000123436

(“Adcock Ingram” or “the Company”)



CAUTIONARY ANNOUNCEMENT



Shareholders are referred to the announcements released by The

Bidvest Group Limited this morning regarding:

- the proposed acquisition of up to 34.5% of the issued share

capital of Adcock Ingram by way of a tender offer which opened at

09h00 South Africa time this morning; and

- the contemplated institution of legal proceedings in respect of

the “CFR/Adcock Ingram transactions”, details of which have not been

provided.



The Company is currently considering its position in relation to

both of these announcements and will advise shareholders in due

course. Shareholders are advised to exercise caution when dealing in

the Company’s securities until a further announcement is made.



For media enquiries:

Brunswick

Tel: +27 11 502 7300

Carol Roos

+27 72 690 1230

Marina Bidoli

+27 83 253 0478



Midrand

2 December 2013



Investment bank and sponsor

Deutsche Securities (SA) (Proprietary) Limited



Legal adviser

Read Hope Phillips Attorneys


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