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Thu 9 Feb 2012, 17:00 ADR - Adcorp Holdings Limited - Directors Dealing In Securities
ADR
ADR                                                                             
ADR - Adcorp Holdings Limited - Directors Dealing In Securities                 
Adcorp Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
("Adcorp")                                                                      
Share code: ADR  ISIN: ZAE000000139                                             
Director`s dealing in Adcorp securities                                         
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings          
Requirements, the following information is disclosed in respect of an off-market
allocation of securities:                                                       
Name of director:                  R L Pike                                     
Date of transaction:               8 February 2012                              
Nature of transaction:             Exercise of Share Appreciation               
                                  Rights and Performance shares                 
Number of securities:              266 875                                      
Type and class of securities:      Ordinary shares                              
Total value:                       R7 018 812.50                                
Nature of interest:                Direct Beneficial                            
Clearance received:                Yes                                          
Instrument  Quantity  Allocate  Conversion Period    Vesting   Strike   Sale    
                     d Price   into       of        date      Price    Price    
                               ordinary   vesting                               
                               shares                                           
Share       50 000    18.15     15 625     2 years   31 May    18.15    26.30   
Appreciati                                           2007                       
on Rights                                                                       
Share       350 000   16.50     131 250    2 years   28        16.50    26.30   
Appreciati                                           February                   
on Rights                                            2011                       
Performanc  120 000   16.50     120 000    2 years   28        16.50    26.30   
e shares                                             February                   
2011                        
Total                           266 875                                         
9 February 2012                                                                 
Bryanston                                                                       
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
Date: 09/02/2012 17:00:02 Produced by the JSE SENS Department.                  
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