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Fri 26 Oct 2018, 8:30 ADCORP HOLDINGS LIMITED - Dealing In Securities By Directors Associate
ADR 201810260013A
Dealing In Securities By Directors’ Associate

Adcorp Holdings Limited
Registration number 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp”)

DEALING IN SECURITIES BY DIRECTORS’ ASSOCIATE

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of dealing in Adcorp ordinary shares
(“securities”) by Adcorp directors’ associate:

Directors                     : Mr S Sithole, Mr TP Moeketsi and Mr MM
                                 Nkosi
Directors’ Associate          : Value Capital Partners Proprietary
                                 Limited*
Date of transaction           : 23 October 2018
Number of securities          : 118 846
Nature of transaction         : On-market acquisition of securities
Share price                   : R18.85
Total value of transaction    : R2 239 866.79
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes


Directors                     : Mr S Sithole, Mr TP Moeketsi and Mr MM
                                Nkosi
Directors’ Associate          : Value Capital Partners Proprietary
                                Limited*
Date of transaction           : 24 October 2018
Number of securities          : 14 829
Nature of transaction         : On-market acquisition of securities
Share price                   : R18.85
Total value of transaction    : R279 427.30
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes

Directors                     : Mr S Sithole, Mr TP Moeketsi and Mr MM
                                Nkosi
Directors’ Associate          : Value Capital Partners Proprietary
                                Limited*
Date of transaction           : 25 October 2018
Number of securities          : 851 956
Nature of transaction         : On-market acquisition of securities
Share price                   : R18.90
Total value of transaction    : R16 098 645.77
Nature of interest            : Indirect, Beneficial
Clearance obtained            : Yes


* Mr S Sithole, Mr TP Moeketsi and Mr MM Nkosi have an indirect
beneficial interest in Value Capital Partners Proprietary Limited
(“VCP”), which is the advisor to Peregrine Fund Platform Proprietary
Limited, the registered investment manager for various funds advised by
VCP.

26 October 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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