Dealings in securities by the Adcock Ingram Employee Share Trust (2008), directors and company secretary Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram") DEALINGS IN SECURITIES BY THE ADCOCK INGRAM HOLDINGS LIMITED EMPLOYEE SHARE TRUST (2008), DIRECTORS, AND COMPANY SECRETARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: The Adcock Ingram Holdings Limited Employee Share Trust (2008) has, after obtaining the requisite clearance, purchased Adcock Ingram ordinary shares in the open market on behalf of participants in accordance with its terms, in order to fulfill its obligations arising from the exercise of options by participants. Trust : Adcock Ingram Holdings Limited Employee Share Trust (2008) Company : Adcock Ingram Date of transaction : 21 February 2018 Nature of transaction : On-market purchase of securities Number of securities : 30,000 Class of securities : Ordinary shares Volume weighted average purchase price : R70.42 per share Highest price : R70.90 Lowest price : R69.96 Value of transaction : R2 112 456.00 Nature of interest : Direct beneficial Date of transaction : 22 February 2018 Nature of transaction : On-market purchase of securities Number of securities : 28,937 Class of securities : Ordinary shares Volume weighted average purchase price : R69.80 per share Highest price : R69.93 Lowest price : R69.73 Value of transaction : R2 019 819.96 Nature of interest : Direct beneficial Date of transaction : 26 February 2018 Nature of transaction : On-market purchase of securities Number of securities : 37,197 Class of securities : Ordinary shares Volume weighted average purchase price : R68,79 per share Highest price : R68.99 Lowest price : R68.41 Value of transaction : R2 558 774.19 Nature of interest : Direct beneficial Adcock Ingram directors and the Company Secretary have obtained the necessary clearance to exercise their options and subsequently sell their shares as follows: Director: : Andrew Hall Company : Adcock Ingram Date of transaction : 21 February 2018 Nature of transaction : Off market exercise of options Class of securities : Options in respect of ordinary shares Number of options exercised : 58 333 Option award price : R52.20 Exercise price : R70.90 Value of transaction : R1 090 827.10 Equivalent number of shares received : 15 385 Date of transaction : 22 February 2018 Nature of transaction : On market sale of shares Class of securities : Ordinary shares Number of shares sold : 6 923 Selling price : R69.75 Value of transaction : R482 903.00 Highest price : R69.93 Lowest price : R69.73 Nature of interest : Direct beneficial Number of shares retained : 8 462 Director: : Basadifeela Letsoalo Company : Adcock Ingram Date of transaction : 21 February 2018 Nature of transaction : Off market exercise of options Class of securities : Options in respect of ordinary shares Number of options exercised : 15 000 Option award price : R52.20 Exercise price : R70.90 Value of transaction : R280 500.00 Equivalent number of shares received : 3 956 Date of transaction : 22 February 2018 Nature of transaction : On market sale of shares Class of securities : Ordinary shares Number of shares sold : 3 956 Selling price : R69.75 Value of transaction : R275 945.00 Highest price : R69.93 Lowest price : R69.73 Nature of interest : Direct beneficial Director: : Dorette Neethling Company : Adcock Ingram Date of transaction : 21 February 2018 Nature of transaction : Off market exercise of options Class of securities : Options in respect of ordinary shares Number of options exercised : 20 000 Option award price : R52.20 Exercise price : R70.90 Value of transaction : R374 000.00 Equivalent number of shares received : 5 275 Date of transaction : 22 February 2018 Nature of transaction : On market sale of shares Class of securities : Ordinary shares Number of shares sold : 5 275 Selling price : R69.75 Value of transaction : R367 950.00 Highest price : R69.93 Lowest price : R69.73 Nature of interest : Direct beneficial Company Secretary: : Ntando Simelane Company : Adcock Ingram Date of transaction : 21 February 2018 Nature of transaction : Off market exercise of options Class of securities : Options in respect of ordinary shares Number of options exercised : 15 000 Option award price : R52.20 Exercise price : R70.90 Value of transaction : R280 500.00 Equivalent number of shares received : 3 956 Date of transaction : 22 February 2018 Nature of transaction : On market sale of shares Class of securities : Ordinary shares Number of shares sold : 3 956 Selling price : R69.75 Value of transaction : R275 945.00 Highest price : R69.93 Lowest price : R69.73 Nature of interest : Direct beneficial Midrand 28 February 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/02/2018 08:55:00 Produced by the JSE SENS Department. 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