ADCB03-New Instrument Listing Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1974/001804/06) Company code: ADRI ISIN: ZAG000118449 (“Adcorp”) LISTING OF NEW FINANCIAL INSTRUMENTS The JSE Limited has granted Adcorp (the “Issuer”) the listing of its ADCB03 Senior Unsecured Floating Rate Notes (the “Notes”), in terms of its ZAR2,000,000,000 Domestic Medium Term Note Programme dated 6 March 2013. INSTRUMENT TYPE: Floating Rate Notes Total Notes in Issue: R 785,000,000.00 excluding this issuance of Notes Instrument Code: ADCB03 Nominal Issued: R120,000,000.00 Issue Price: 100% Interest Rate for First 7.958% (3 month JIBAR as at 29 July Interest Period: 2014 of 5.958% plus 2.00%) Interest Rate: 3 month JIBAR on each Interest Reset Date plus 2.250% Coupon Rate Indicator: Floating Issue Date: 31 July 2014 Interest Commencement Date: 31 July 2014 First Interest Payment Date: 31 October 2014 Maturity Date: 31 January 2016 Last day to register: 17h00 on 20 January, 19 April, 20 July and 20 October of each year until the Maturity Date. Books Close: 21 January, 20 April, 21 July and 21 October of each year until the Maturity Date. Interest Payment Date(s): 31 January, 30 April, 31 July and 31 October of each year until the Maturity Date. ISIN: ZAG000118449 Business Day Convention: Modified Following Business Day Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited The Notes will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. Any prospective purchaser of the note should contact Rand Merchant Bank for details of the terms of the note. In this regard, prospective purchasers should be aware that: 1. the note issued is subject to the terms and conditions of the pricing supplement agreed between the Issuer and the subscriber(s) for the note and the Terms and Conditions of the Notes as set out in the Programme Memorandum dated 6 March 2013 in respect of the Issuer’s Note Programme; 2. the Notes are subject to a put option which grants to the holders of the Notes an option to request the Issuer to redeem the Notes at the Optional Redemption Date specified in the Applicable Pricing Supplement in the event that the financial assistance resolutions are not passed and the Subsidiary Guarantee has not been entered into by 15 August 2014. 30 July 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 30/07/2014 04:32:00 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.