ADCORP HOLDINGS LIMITED - Dealing In Shares by an Associate of Directors

Dealing In Shares by an Associate of Directors

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 DIRECTORS

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                                Mr S Sithole and Mr MM Nkosi
 COMPANY OF WHICH A DIRECTOR                     Adcorp Holding Limited
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive directors
 TYPE AND CLASS OF SECURITIES                    Ordinary shares
 NATURE OF TRANSACTION                           Acquisition of shares by an associate
                                                 of directors (on-market transaction)
 DATE OF TRANSACTION                             11 February 2021
 PRICE PER SECURITY                              R6.50
 NUMBER OF SECURITIES TRANSACTED                 4 315 487

 TOTAL RAND VALUE OF SECURITIES R28 050 655.50
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION
 NAME OF ASSOCIATE                               Value Capital Partners Proprietary Limited
                                                 (“VCP”), which is the registered investment
                                                 manager to Value Capital Partners H4 QI
                                                 Hedge Fund and various other funds
 RELATIONSHIP WITH DIRECTORS                     Directors

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

Johannesburg
16 February 2021

Sponsor
PSG Capital

Date: 16-02-2021 01:17:00
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