DEALINGS BY THE ADCORP LONG-TERM INCENTIVE (“LTI”) PLAN
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
(“Adcorp” or “the Company“)
DEALINGS BY THE ADCORP LONG-TERM INCENTIVE (“LTI”) PLAN
In terms of paragraph 3.96 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are hereby advised that the third-party brokerage mandated by Adcorp, has notified Adcorp of the following on-market purchases of shares in order to settle forfeitable share awards made by Adcorp to participants in terms of the Adcorp LTI Plan:
| DATE OF TRANSACTIONS | 15 December 2025 (1)
18 December 2025 (2) 19 December 2025 (3) 22 December 2025 (4) 23 December 2025 (5) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transaction) (1 – 5) |
| NUMBER OF SECURITIES TRANSACTED | 13 230 (1)
11 710 (2) 1 203 (3) 13 857 (4) 199 (5) |
| PRICE PER SECURITY (CENTS) | 630 (1)
High: 630 (2) Low: 629 (2) VWAP: 629.83 (2) 630 (3) High: 630 (4) Low: 629 (4) VWAP: 629.25 (4) 630 (5) |
| CLASS OF SECURITIES | Ordinary Shares (1-5) |
| TOTAL RAND VALUE OF SECURITIES | R83 349.00 (1)
R73 772.98 (2) R7 578.90 (3) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
29 December 2025
Sponsor
Valeo Capital (Pty) Ltd