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ADCORP HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTORS                   
ADCORP HOLDINGS LIMITED                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
Share code: ADR                                                                 
ISIN: ZAE000000139                                                              
DEALINGS IN SECURITIES BY DIRECTORS                                             
In compliance with Rule 3.63 to 3.65 of the JSE Listings Requirements, the      
following information is noted:                                                 
Director:                Faunce Doreen Burd                                     
Date of transaction:     3 November 2003                                        
Price per share:         R10.25                                                 
Number of shares:        16 275                                                 
Class:                   Ordinary shares                                        
Nature of transaction:   Sold                                                   
Extent of interest:      Full beneficiary                                       
Melville                                                                        
3 November 2003                                                                 
Date: 03/11/2003 04:29:23 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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