ADCORP HOLDINGS LIMITED - ADCB03-ADCORP Subsidiary Guarantee

ADCB03-ADCORP Subsidiary Guarantee

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI

(“Adcorp”)

ADCORP Subsidiary Guarantee

Adcorp Holdings Limited wishes to advise the ADCB03 noteholders that
the financial assistance resolutions have been passed and that the
Subsidiary Guarantee has been entered into and is available for
inspection at the offices of Rand Merchant Bank (A division of
FirstRand Bank Limited) in its capacity as the guarantee holder

13 August 2014

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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