ADCORP HOLDINGS LIMITED - Acquisition of securities

Acquisition of securities

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Company")

Acquisition of securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Act”) and
section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that
Adcorp has received formal notification in the prescribed form that H4 Collective Investments
(RF) (Pty) Ltd acting on behalf of the H4 Qualified Investor Hedge Fund Scheme in respect of
the Value Active PFP H4 QI Hedge Fund (“VCP through its Fund”), has acquired an additional
interest in the securities of the Company, such that the total interest in the securities of the
Company held by VCP through its Fund has increased to 15.2% of the total issued share capital
of the Company.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice
with the Takeover Regulation Panel.

Bryanston
13 November 2017
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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