ADCORP HOLDINGS LIMITED - Listing of tap issue - ADCB03

Listing of tap issue - ADCB03

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI
ISIN: ZAG000118449
("Adcorp")

LISTING OF TAP ISSUE

The JSE Limited has granted Adcorp (the "Issuer") the listing of
its ADCB03 Senior Unsecured Floating Rate Note, in terms of its
ZAR2,000,000,000 Domestic Medium Term Note Programme dated 6 March
2013.

INSTRUMENT TYPE:             Unsecured Floating Rate Notes
Total Notes in Issue:        R785,000,000 excluding this
                             issuance of Notes

Instrument Code:             ADCB03
Nominal Issued:              R30,000,000.00
Issue Price:                 100.59733%
Interest Rate for First      8.075% (3 month JIBAR as at 31 October
Interest Period:             2014 of 6.075% plus 2.00%)
Interest Rate:               3 month JIBAR on each Interest Reset Date
                             plus 2.00%
Coupon Rate Indicator:       Floating Rate
Issue Date:                  27 November 2014
Interest Commencement Date: 31 October 2014
First Interest Payment Date: 31 January 2015
Maturity Date:               31 January 2016
Last day to register:        17h00 on 20 January, 19 April, 20 July and
                             20 October of each year that the Notes are
                             in issue
Books Close:                 21 January, 20 April, 21 July and
                             21 October each year that the Notes are in
                             issue
Interest Payment Date(s):    31 January, 30 April, 31 July and
                             31 October of each year that the Notes are
                             in issue
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 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 performance of each note issued is linked to the performance
of an underlying third party entity and/or obligation stipulated in
the pricing supplement in respect of the note and accordingly, as the
prospective purchaser will assume credit exposure to both the Issuer
and such entity and/or obligation, the note is only suitable for
purchase by financially sophisticated investors after conducting all
relevant independent investigations. The risks pertaining to credit-
linked notes generally are more fully set out in the Programme
Memorandum. Copies of the Programme Memorandum are available from
the Issuer.


26 November 2014

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

Date: 26/11/2014 05:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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