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 | 29 December 2025 (1)
5 January 2026 (2) 6 January 2026 (3) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transaction) (1 – 3) |
| NUMBER OF SECURITIES TRANSACTED | 4 201 (1)
209 (2) 25 (3) |
| PRICE PER SECURITY (CENTS) | High: 625 (1)
Low: 624 (1) VWAP: 624.08 (1) 597 (2) 630 (3) |
| CLASS OF SECURITIES | Ordinary Shares (1-3) |
| TOTAL RAND VALUE OF SECURITIES | R26 217.48 (1)
R1 247.73 (2) R157.50 (3) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
14 January 2026
Sponsor
Valeo Capital (Pty) Ltd