ADCORP HOLDINGS LIMITED - Notice to Noteholders regarding the Trading Statement and Operational Update for the Half Year Ended 31 August 2017

Notice to Noteholders regarding the Trading Statement and Operational Update for the Half Year Ended 31 August 2017

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI
(“Adcorp” or “the Issuer”)

NOTICE TO NOTEHOLDERS REGARDING THE TRADING STATEMENT AND OPERATIONAL UPDATE
FOR THE HALF YEAR ENDED 31 AUGUST 2017

Adcorp wishes to refer noteholders to the announcements released on the Johannesburg Stock
Exchange News Service (“SENS”) by the Issuer on 23 October 2017 regarding the trading
statement and operational update for the half year ended 31 August 2017.

Furthermore, noteholders are referred to the content within the announcement headed “Cash
and Debt Position” and are advised to consider the content thereof.

23 October 2017

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 23/10/2017 01:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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.