ADCOCK INGRAM HOLDINGS LIMITED - Finalisation of disposal of 100% shareholding in Adcock Ingram Healthcare Private Limited

Finalisation of disposal of 100% shareholding in Adcock Ingram Healthcare Private Limited

Adcock Ingram Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2007/016236/06)
Share code: AIP ISIN: 000123436
(“Adcock”)

FINALISATION OF DISPOSAL OF 100% SHAREHOLDING IN ADCOCK INGRAM HEALTHCARE PRIVATE LIMITED (the
selling and marketing operation in India)

1.   Introduction
     Adcock shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE
     Limited on 6 April 2016, regarding its wholly-owned subsidiaries, Adcock Ingram International (Pty) Limited and Adcock
     Ingram Healthcare (Pty) Limited (“Sellers”) entering into definitive agreements with Samara Capital Partners Fund II
     Limited for the disposal of their entire 100% shareholding in Adcock Ingram Healthcare Private Limited (“Adcock
     Healthcare”) which operates its Indian pharmaceutical marketing and selling business (“Transaction”).

2.   Finalisation of the Transaction
     Adcock can confirm that all conditions precedent to the Transaction have been fulfilled or waived and the closing date of
     the Transaction is Friday, 14 October 2016.
     The Regulatory Services Business has been separated from Adcock Healthcare as of 31 August 2016 and is now housed
     in a new subsidiary named Relicare Tech Services Private Limited.

3.   Sale consideration
     The total sale consideration received by the Sellers pursuant to the Transaction is ZAR 407 million on the basis as set out
     below:
     a)   Proceeds from buy-back of shares in Adcock Healthcare of INR 400 million (ZAR 85 million) which was a condition
          precedent to the Transaction; and
     b)   Disposal proceeds of INR 1,522 million (ZAR 322 million).


Johannesburg
14 October 2016

Investment Bank, Financial Advisor and JSE Sponsor to Adcock
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

International Legal Counsel to Adcock
Cyril Amarchand Mangaldas

South African Legal Counsel to Adcock
Edward Nathan Sonnenbergs Inc.




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