04 Jun - 2 min read

Dealing in Shares by an Associate of Directors

Dealing in Shares by an Associate of Directors

(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

 NAME OF DIRECTOR                                Mr S Sithole and Mr MM Nkosi
 COMPANY OF WHICH A DIRECTOR                     Adcorp Holding Limited
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive directors
 TYPE AND CLASS OF SECURITIES                    Ordinary shares
 NATURE OF TRANSACTION                           Acquisition of shares by an associate
                                                 of directors (on-market transaction)
 DATE OF TRANSACTION                             31 May 2021 (1)
                                                 1 June 2021 (2)
 PRICE PER SECURITY                              R6.49 (1)
                                                 R6.3002 (2)
 NUMBER OF SECURITIES TRANSACTED                 341 081 (1)
                                                 553 000 (2)
 TOTAL RAND VALUE OF SECURITIES                  R2 213 615.69 (1)
 TRANSACTED                                      R3 484 010.60 (2)

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 NAME OF ASSOCIATE                               Value Capital Partners Proprietary Limited
                                                 (“VCP”), which is the registered investment
                                                 manager to Value Capital Partners H4 QI
                                                 Hedge Fund and various other funds
 RELATIONSHIP WITH DIRECTORS                     Directors

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings

4 June 2021

PSG Capital

Date: 04-06-2021 09:40:00
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