ADR 201305200022A
Results of General Meeting

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


RESULTS OF THE ADCORP GENERAL MEETING

Adcorp shareholders (“Shareholders”) are referred to the announcement by Adcorp relating to the
approval of a new ten year Broad-Based Black Economic Empowerment (“BBBEE”) transaction and the
unwinding of the 2007 BBBEE transaction (collectively “the Proposed Transaction”) which was released
on SENS on 25 March 2013.

Shareholders are advised that, at the general meeting held today at the registered office of the
Company, all of the proposed resolutions set out in the notice of general meeting included in the Adcorp
circular to Shareholders, dated 18 April 2013, were approved by the requisite majority of Shareholders.

The special resolutions will be lodged with the Companies Intellectual Property Commission for filing
and acceptance, where applicable.


Bryanston

20 May 2013


Corporate Adviser and Transaction Sponsor:
Investec Bank Limited

Corporate Legal Adviser:
Webber Wentzel

Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 20/05/2013 11:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.