Trading Statement Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 (“Adcock Ingram”, “the Group” or “the Company”) TRADING STATEMENT Further to the Stock Exchange News Service (“SENS”) announcement on 5 August 2014, and in terms of paragraph 3.4(b) of the JSE Listings Requirements, shareholders of Adcock Ingram are provided with further guidance in regard to the financial results for the nine-month period ended 30 June 2014. The Board of Directors of Adcock Ingram (the “Board”) can now confirm with a reasonable degree of certainty that the financial results for the aforesaid period will be reported substantially as follows: Earnings Loss Range Earnings Percentage Per Share Percentage Per Share Per Share Range 30 September Range 30 June 2014 30 June 2013* Change 2013 Change Cents Cents % Cents % Basic (570.0) – (580.0) 269.9 (311) - (315) 348.6 (264) - (266) Headline (175.0) – (185.0) 271.7 (164) - (168) 350.5 (150) - (153) *Company information The Group recorded an extremely weak trading performance for the nine-month period ended 30 June 2014, not only as a result of a general decline in turnover, but also through significant pressures on margins and profits arising, inter alia, through unfavourable currency conversion rates, key overhead inflation, and an inadequate single exit price percentage escalation. In addition, certain of the Group's manufacturing facilities operated at relatively low levels of production capacity, intensifying the adverse consequences of under recovered fixed costs. Having regard to the substantive reorganization and structural changes within the business, several substantial impairments were found to be necessary in this period and the financial impact has been included and accounted for in the guidance statistics set out above. It is too early for the Board to provide shareholders with any comfort regarding a return to profitability in the short term, but the Board remains optimistic about the Group's longer term prospects. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s external auditors. The Company’s audited financial results for the nine-month period ended 30 June 2014 will be released on SENS on or about 28 August 2014. Midrand 18 August 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 18/08/2014 04:00:00 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.