Adcorp Holdings Limited                                                        
(Incorporated in the Republic of South Africa)                                 
(Registration number 1974/001804/06)                                           
Share Code: ADR     ISIN: ZAE000000139                                         
("the Company")                                                    


NOTIFICATION IN TERMS OF SECTION 122 (3)OF THE COMPANIES ACT 71 OF 2008 (INCREASE IN SHAREHOLDING)
In compliance with Section 122(3)(b) of the Companies Act 71 of 2008 and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are advised that notice has been received that Afena Capital (Proprietary) Limited (on behalf of its clients) have acquired a beneficial interest in the securities of the Company, such that its entire beneficial interest amounts to 10.6% of the total number of securities in issue.

14 December 2012
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd 

distributed by