ADCORP HOLDINGS LIMITED - Listing of Tap Issue - ADCB04

Listing of Tap Issue - ADCB04

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI
ISIN ADCB04: ZAG000122060
(“Adcorp”)

LISTING OF TAP ISSUE

The JSE Limited has granted Adcorp (the “Issuer”) the listing of
its Senior Secured Floating Rate Note (the “Notes”), in terms of
its ZAR2,000,000,000 Domestic Medium Term Note Programme (the
“DMTN”) dated 25 November 2015, effective 9 December 2015.


INSTRUMENT TYPE:              Floating Rate Notes
Total Notes in Issue:         ZAR 1,128,000,000.00 (exclusive of this
                              issue)

Tap Amount                    ZAR   9,000,000.00
Nominal Following Tap Issue   ZAR 209,000,000.00

Instrument Code:              ADCB04
Nominal Issued:               ZAR 9,000,000.00
Issue Price:                  100.568528%
Interest Rate:                9.100% (3 Month JIBAR as at 27 November of
                              6.500% plus 260 bps)
Coupon Rate Indicator:        Floating
Issue Date:                   9 December 2015
Interest Commencement Date:   27 November 2015
First Interest Payment Date:  27 February 2016
Maturity Date:                27 November 2017
Last day to register:         By 17h00 on 16 February, 16 May, 16 August
                              and 16 November each year until Maturity
Books Close:                  17 February, 17 May, 17 August and
                              17 November each year until Maturity
Interest Payment Date(s):     27 February, 27 May, 27 August and
                              27 November each year until Maturity
ISIN:                         ZAG000122060
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 Securities 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.


8 December 2015

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

Date: 08/12/2015 03:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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