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Mon 16 Oct 2006, 14:29 Adcorp - Directors dealing in securities
ADR
 ADR                                                                             
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:                                                      
Item 1                                                                          
Name of director:                  Richard Pike                                 
Date of transaction:               12 September 2006                            
Nature of transaction:             Options Exercised                            
Number of shares:                  50 000                                       
Strike price:                      1300 cents per share                         
Approval obtained:                 Yes                                          
Item 2                                                                          
Name of director:                  Richard Pike                                 
Nature of transaction:             Sold                                         
Date of transaction:               6 October 2006                               
Price:                             2380 cents per share                         
Number of shares:                  4545                                         
Value of transaction:              R 108 171.00                                 
Date of transaction:               10 October 2006                              
Price:                             2365 cents per share                         
Number of shares:                  4203                                         
Value of transaction:              R 99 400.95                                  
Date of transaction:               11 October 2006                              
Price:                             2350 cents per share                         
Number of shares:                  9091                                         
Value of transaction:              R 213 638.50                                 
Date of transaction:               12 October 2006                              
Price:                             2360 cents per share                         
Number of shares:                  32151                                        
Value of transaction:              R 758 763.60                                 
Class of security:                 Ordinary                                     
Nature of interest:                Direct Beneficial                            
Approval obtained:                 Yes                                          
In compliance with rule of 3.63 to 3.74 of the JSE Listing Requirements, the    
following should be noted:                                                      
Item 1                                                                          
Name of director:                  Faunce Burd                                  
Date of transaction:               12 September 2006                            
Nature of transaction:             Options Exercised                            
Number of shares:                  30 000                                       
Strike price:                      635 cents per share                          
Number of shares:                  30 000                                       
Strike price:                      1300 cents per share                         
Approval obtained                  Yes                                          
Item 2                                                                          
Name of director:                  Faunce Burd                                  
Nature of transaction:             Sold                                         
Date of transaction:               6 October 2006                               
Price:                             2380 cents per share                         
Number of shares:                  5 455                                        
Value of transaction:              R 129 829                                    
Date of transaction:               10 October 2006                              
Price:                             2365 cents per share                         
Number of shares:                  5 042                                        
Value of transaction:              R 119 243.30                                 
Date of transaction:               11 October 2006                              
Price:                             2350 cents per share                         
Number of shares:                  10909                                        
Value of transaction:              R 256 361.50                                 
Date of transaction:               12 October 2006                              
Price:                             2360 cents per share                         
Number of shares:                  38 604                                       
Value of transaction:              R 911 054.40                                 
Class of security:                 Ordinary                                     
Nature of interest:                Direct Beneficial                            
Approval obtained:                 Yes                                          
16 October 2006                                                                 
Date: 16/10/2006 02:29:11 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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