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Wed 27 Feb 2019, 16:38 ADCORP HOLDINGS LIMITED - Sale of securities
ADR 201902270059A
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 Sanlam Investment
Management (Pty) Ltd acting as agent of its clients ("Sanlam") has sold an interest in the
securities of the Company, such that the total interest in the securities of the Company held
by Sanlam has decreased to 4.98% 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
27 February 2019
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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