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Mon 12 Sep 2005, 15:20 Adcorp - Directors Dealing In Securities
Adcorp - Directors Dealing In Securities                                        
Adcorp Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1974/001804/06)                                            
(`Adcorp` or `the Company`)                                                     
Share code: ADR & ISIN: ZAE000000139                                            
Directors Dealing In Securities                                                 
In compliance with rule of 3.63 to 3.74 of the JSE Listing Requirements, the    
following should be noted:                                                      
Name of director:                  Madodzi Liphosa                              
Date of transaction:               12 September, 2005                           
Nature of transaction:             Sold                                         
Average Price:                     2310 cents                                   
Number of shares:                  500                                          
Class of security:                 Ordinary                                     
Nature of interest:                Direct Beneficial                            
Approval obtained:                 Yes                                          
12 September 2005                                                               
Date: 12/09/2005 02:51:20 PM           
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