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Thu 27 Feb 2014, 17:05 ADCORP HOLDINGS LIMITED - Change to the Board
ADR 201402270050A
Change to the Board

ADCORP HOLDINGS LIMITED
(Registration number 1974/001804/06)
(Incorporated in the Republic of South Africa)
JSE Code: ADR
ISIN: ZAE000000139
(“Adcorp” or the “Company”)


CHANGE TO THE BOARD

In terms of paragraph 3.59 of the JSE Limited’s Listings Requirements, the Board of Adcorp
(“the Board”) is pleased to announce the appointment of Mr Bhabhalazi Enock Bulunga
(“Bhabhalazi”) as Executive Director: Business Development and Corporate Affairs, with effect
from 27 February 2014.

Bhabhalazi did his university education in Swaziland, graduating in 1984 in social science,
sociology and politics. He became student leader, SRC President.

Bhabhalazi brings a deeper business understanding to the Board due to his extensive travel
and also doing extensive business in the USA, UK and the Middle East whilst employed at
Gillette, and in South Africa and Mozambique whilst employed at BHP Billiton.

Transformation was central during Bhabalazi’s career and he will take this forward and evolve in
Adcorp.

Bryanston
27 February 2014

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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