ADCORP HOLDINGS LIMITED - Dealing in securities by a director

Dealing in securities by a director

Adcorp Holdings Limited
Registration number 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp”)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of an off-market exercise of
Performance Shares (PFs) and subsequent transfer of Adcorp ordinary
shares (“securities”) to the Adcorp director:

Director                      : Mr M Jurgens
Date of transaction           : 21 December 2017
Number of securities          : 66,471 securities were transferred to
                              the director. 105,000 securities were
                              accepted by the director and only 66,471
                              were transferred as the balance was used
                              to settle the PAYE due
Nature of transaction         : Exercise of PFs and subsequent transfer
                              of the securities to the director
Share price                   : R16.21
Total value of transaction    : R1,702,050.00
Nature of interest            : Direct Beneficial
Clearance obtained            : Yes


21 December 2017
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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