VESTING AND SETTLEMENT OF AWARDS IN TERMS OF THE ADCORP LONG-TERM INCENTIVE (“LTI”) PLAN
In compliance with paragraphs 6.77 to 6.89 of the JSE Limited Listings Requirements, the following information regarding the vesting and settlement of awards by participants in terms of the Adcorp LTI Plan are herewith disclosed:
| NAME OF PARTICIPANTS | Dr John Wentzel (1)
Mr Noel Prendergast (2) Mr Bruce Toerien (3) |
| COMPANY OF WHICH A DIRECTOR | Adcorp Holdings Limited (1 – 2) |
| COMPANY OF WHICH A PRESCRIBED
OFFICER |
Adcorp Holdings Limited (3) |
| STATUS | Executive Director (1 – 2)
Prescribed Officer and Managing Director: Contingent Staffing South Africa (3) |
| CLASS OF SECURITIES | Ordinary Shares (1 – 3) |
| NATURE OF TRANSACTIONS | Vesting of shares in terms of the Adcorp LTI Plan (Non-Schedule 9 Plan) of the forfeitable shares (or the right to receive same) and conditional shares (off-market transactions) (1 – 3) |
| DATE OF ACCEPTANCE OF AWARD | 16 July 2026 (1 – 3) |
| DATE OF VESTING | 30 June 2026 (1 – 3) |
| EXERCISE PRICE PER SHARE | R6.43 (1 – 3) |
| NUMBER OF SECURITIES AWARDED (FORFEITABLE SHARES) | 436 636 (1)
99 169 (2) 39 816 (3) |
| NUMBER OF SECURITIES AWARDED (CONDITIONAL SHARES) | 187 129 (1)
42 500 (2) 59 724 (3) |
| EXERCISE TOTAL RAND VALUE OF SECURITIES (FORFEITABLE AND CONDITIONAL SHARES) | R 4 010 808.95 (1)
R 910 931.67 (2) R 640 042.20 (3)
(Based on exercise price per share) |
| NATURE AND EXTENT OF PARTICIPANTS
INTEREST IN THE TRANSACTIONS |
Direct, beneficial |
Clearance for the above was obtained in terms of paragraph 6.83 of the JSE Limited Listings Requirements.
Johannesburg 17 July 2026
Sponsor
Valeo Capital (Pty) Ltd