ADCORP HOLDINGS LIMITED - Dealing in securities by a director of a major subsidiary

Dealing in securities by a director of a major subsidiary

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

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

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 cash payment to the Adcorp
director of a major subsidiary (being Adcorp Workforce Management
Solutions Proprietary Limited)for Adcorp ordinary shares(“securities”):

Director of major subsidiary   : Ms K Vittee
Date of transaction            : 5 February 2018
Number of securities           : 80 000
Nature of transaction          : Exercise of PFs and subsequent cash
                               payment to the said director
Share price                    : R16.21
Total value of transaction     : R1,296,800
Nature of interest             : Direct Beneficial
Clearance obtained             : Yes


6 February 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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