ADCORP HOLDINGS LIMITED - Dealing in Shares by an Associate of a Director

Dealing in Shares by an Associate of a Director

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")

DEALING IN SHARES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR                                C Smith

COMPANY OF WHICH A DIRECTOR                     Adcorp

STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive director

TYPE AND CLASS OF SECURITIES                    Ordinary shares

NATURE OF TRANSACTION                           Acquisition of shares by an associate
                                                of director (on-market transaction)

DATE OF TRANSACTION                             10 December 2020

PRICE PER SECURITY                               R5.99 (1)
                                                 R6.00 (2)
NUMBER OF SECURITIES TRANSACTED                  168 (1)
                                                 128 908 (2)

TOTAL RAND VALUE OF SECURITIES                   R1 006.32 (1)
TRANSACTED                                       R773 448.00 (2)

NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
THE TRANSACTION

NAME OF ASSOCIATE                               Enigma Collections (Pty) Limited

RELATIONSHIP WITH DIRECTOR                      Director and shareholder

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Johannesburg
11 December 2020

Sponsor
PSG Capital

Date: 11-12-2020 04:45:00
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