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                             18 December 2020
 PRICE PER SECURITY                              R6.40

 NUMBER OF SECURITIES TRANSACTED                 3 552

 TOTAL RAND VALUE OF SECURITIES                  R22 732.80
 TRANSACTED
 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
21 December 2020

Sponsor
PSG Capital

Date: 21-12-2020 12:19:00
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