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                             2 June 2021 (1)
                                                 3 June 2021 (2)
 PRICE PER SECURITY                              R6.3007 (1)
                                                 R6.2954 (2)
 NUMBER OF SECURITIES TRANSACTED                 254 000 (1)
                                                 152 000 (2)
 TOTAL RAND VALUE OF SECURITIES                  R1 600 377.80 (1)
 TRANSACTED                                      R956 900.80(2)

 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
7 June 2021

Sponsor
PSG Capital

Date: 07-06-2021 02:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.