Trading statement Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 (“Adcock” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited (JSE), an issuer is required to publish a trading statement on the Stock Exchange News Service of the JSE (SENS) as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% or more from the financial results for the previous corresponding reporting period. In the Trading Statement published on SENS on 5 June 2015, shareholders were advised that the Company expected to report an improvement in basic and headline earnings of at least 20% for the annual reporting period then ending on 30 June 2015, compared to the basic and headline results, statutorily reported, for the nine months ended 30 June 2014. At the date of the aforesaid Trading Statement, the Company did not have reasonable certainty on the Group’s earnings, to enable the Company to provide more specific guidance on the range of basic earnings and/or headline earnings per share. The Board of directors of Adcock can now reveal with absolute certainty, that profits for the year ended 30 June 2015 will result in a positive basic and headline earnings per share, reversing the basic and headline losses per share incurred during the reviewed twelve-month period ended 30 June 2014. The table below shows the reviewed basic and headline losses per share for the twelve-month period ended 30 June 2014, and the range of basic and headline earnings per share expected for the current period. Year ended Twelve-month period Expected change 30 June 2015 ended (Expected) 30 June 2014 Reviewed (Unpublished) Cents Cents % Basic earnings/(loss) per share 113.0 – 118.0 (493.7) 123 – 124 Headline earnings/(loss) per share 156.0 - 161.0 (100.8) 255 - 260 The last published actual results for the nine-months ended 30 June 2014, reflected basic and headline losses per share of 572.3 cents and 179.5 cents respectively. The financial information on which this Trading Statement is based has not been reviewed or reported on by the Company's external auditors. The results for the year ending 30 June 2015 will be released on the SENS on or about 26 August 2015. Johannesburg 18 August 2015 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/08/2015 05:22:00 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.