ADCP11 and ADCB05 - Listing of New Instruments Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1974/001804/06) Company code: ADRI ISIN ADCP11: ZAG000132119 ISIN ADCB05: ZAG000132093 (“Adcorp”) LISTING OF NEW FINANCIAL INSTRUMENTS The JSE Limited has granted Adcorp (the “Issuer”) the listing of its ADCP11 and ADCB05 Senior Unsecured Floating Rate Notes, in terms of its ZAR2,000,000,000 Domestic Medium Term Note Programme dated 25 November 2015. INSTRUMENT TYPE: Unsecured Floating Rate Notes Total Notes in Issue: R1,010,000,000 excluding this issuance of Notes Instrument Code: ADCP11 Nominal Issued: R18,000,000.00 Issue Price: 100% Interest Rate 7.617% (3M JIBAR as at 1 December 2015 of 6.517% plus 110 bps) Coupon Rate Indicator: Floating Issue Date: 4 December 2015 Interest Commencement Date: 4 December 2015 First Interest Payment Date: 3 March 2016 Interest Payment Date: 3 March 2016 and 3 June 2016 Maturity Date: 3 June 2016 Last day to register: 17h00 on 19 February 2016 and 23 May 2016 Books Close: 20 February 2016 and 24 May 2016 ISIN: ZAG000132119 Business Day Convention: Modified Following Business Day Instrument Code: ADCB05 Nominal Issued: R100,000,000.00 Issue Price: 100% Interest Rate 9.017% (3M JIBAR as at 1 December 2015 of 6.517% plus 250 bps) Coupon Rate Indicator: Floating Issue Date: 4 December 2015 Interest Commencement Date: 4 December 2015 First Interest Payment Date: 4 March 2016 Interest Payment Date: 4 March, 4 June, 4 September and 4 December Maturity Date: 4 December 2018 Last day to register: 17h00 on 21 February, 24 May, 24 August And 23 November Books Close: 22 February, 25 May, 25 August and 24 November ISIN: ZAG000132093 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. 3 December 2015 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 03/12/2015 02:00:00 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.