ADCORP HOLDINGS LIMITED - Voluntary announcement

Voluntary announcement

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share Code: ADR ISIN: ZAE000000139
("Adcorp” or “the Company”)


VOLUNTARY ANNOUNCEMENT


Adcorp shareholders are advised that Adcorp has acquired approximately 29% of the issued shares
of Kelly Group Limited (“Kelly”) and has submitted an expression of interest (“EOI”) to the board of
directors of Kelly to acquire the balance of the issued shares.

In this regard, Adcorp shareholders are referred to the SENS announcements regarding the EOI and
the acquisition of Kelly shares which were released by Kelly today.

Further announcements will be made to Adcorp shareholders as and when appropriate.

Bryanston
3 April 2014

Joint corporate advisors
Investec Bank Limited and Rand Merchant Bank (a division of FirstRand Bank Limited)

Legal advisors
Webber Wentzel

Transaction sponsor
Investec Bank Limited

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 03/04/2014 01:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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