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Mon 11 Oct 2004, 14:58 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 V Baker has resigned as a director of Adcorp,       
effective 11 October 2004.                                                      
Johannesburg                                                                    
11 October 2004                                                                 
Date: 11/10/2004 02:45:02 PM                     
Produced by the JSE SENS Department
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