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Tue 29 Jun 2004, 11:46 Capital distribution
Adcorp - Capital distribution                                                   
Adcorp Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
(`Adcorp`)                                                                      
Share code: ADR                                                                 
ISIN:       ZAE000000139                                                        
Capital distribution                                                            
At the annual general meeting held today, Adcorp shareholders approved the      
resolution tabled at the meeting to approve the distribution of 54 cents per    
ordinary share to shareholders.                                                 
The salient dates and times of the distribution will be as follows:             
                                             2004                               
Last day to trade to participate in the      Friday, 16 July                    
capital distribution                                                            
Shares trades ex-distribution                Monday, 19 July                    
Record date to be recorded in the register   Friday, 23 July                    
to participate in the capital distribution                                      
Distribution to shareholders in respect of   Monday, 26 July                    
the capital distribution                                                        
In the case of dematerialised Adcorp                                            
shareholders, payment will be made by        Monday, 26 July                    
crediting their accounts at the CSDP or                                         
broker, as the case may be, as agreed to                                        
between the shareholder and the CSDP.                                           
In the case of certificated Adcorp           Monday, 26 July                    
shareholders, payment will be made by cheque                                    
or deposited directly into the shareholder`s                                    
bank account, whichever a shareholder may                                       
instruct, at the risk of the shareholder                                        
concerned.                                                                      
Notes:                                                                          
Shares may not be dematerialised or rematerialised between                      
Monday, 19 July 2004 and Friday, 23 July 2004, both days                        
inclusive.                                                                      
Melville                                                                        
29 June 2004                                                                    
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
(Registration number 1996/000034/07)                                            
Date: 29/06/2004 11:03:36 AM                  
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