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Thu 11 Mar 2004, 13:57 Adcorp Change In Directors
Adcorp Holdings Limited - Change In Directors                                   
  Adcorp Holdings Limited                                                         
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1974/001804/06)                                            
  Share code: ADR                                                                 
  ISIN: ZAE000000139                                                              
  ("Adcorp")                                                                      
  CHANGE IN DIRECTORS                                                             
  In terms of Rule 3.59 to 3.62 of the Listings Requirements of the JSE Securities
  Exchange South Africa, Deloitte & Touche Sponsor Services (Pty) Limited is      
  authorised to announce that B Sibiya has resigned as a director of Adcorp,      
  effective 10 March 2004.                                                        
  GM Negota and C Bomela have been appointed as directors to Adcorp, effective 11 
  March 2004.                                                                     
  SE Zungu (who acted as alternate to B Sibiya) is to become alternate to C Bomela
  and TE Ratshitanga is appointed as alternate to GM Negota, effective 11 March   
  2004.                                                                           
  Johannesburg                                                                    
  11 March 2004                                                                   
  Date: 11/03/2004 01:44:53 PM Produced by the JSE SENS Department
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