No change statement and notice of annual general meeting Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1974/001804/06) Share code: ADR ISIN: ZAE000000139 ("Adcorp" or "the Company" or “the group”) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Shareholders are advised that the integrated annual report containing the audited annual financial statements for the Company and the group for the year ended 28 February 2014 has been posted to shareholders today, 7 July 2014. There have been no changes from the reviewed condensed consolidated provisional group results for the year ended 28 February 2014 released on SENS on 28 May 2014. The group financial results were audited by the Company`s independent auditors, Deloitte & Touche. A copy of their unmodified audit report is available for inspection at the Company`s registered office, Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston. The annual general meeting of shareholders of the Company will be held at Adcorp Office Park, Nicolway Bryanston, corner William Nicol Drive and Wedgewood Link, Bryanston on Wednesday, 6 August 2014 at 08h00, to transact the business as stated in the notice of annual general meeting forming part of the integrated annual report. The record date on which shareholders must be recorded in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is Tuesday, 29 July 2014. The last day to trade is therefore Tuesday, 22 July 2014. Bryanston 7 July 2014 Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd Date: 07/07/2014 10:08:00 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.