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Wed 24 Oct 2018, 16:16 ADCORP HOLDINGS LIMITED - Sale of securities
ADR 201810240046A
Sale of securities

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Company")

Sale of securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Act”) and
section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that
Adcorp has received formal notification in the prescribed form that Kagiso Asset Management
(Pty) Ltd (“Kagiso”) has sold an interest in the securities of the Company, such that the total
interest in the securities of the Company held by Kagiso has decreased to 14.83% of the total
issued share capital of the Company.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required
notices with the Takeover Regulation Panel.

Bryanston
24 October 2018
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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