Appointment of Chief Financial Officer and director

Adcorp Holdings Limited
Registration number: 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp” or the “Company”)

APPOINTMENT OF CHIEF FINANCIAL OFFICER AND DIRECTOR

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, and following the announcement released on SENS on 15 June 2020, the Adcorp board of directors (“the Board”) wishes to advise that Mr Noel Prendergast has been appointed as the Chief Financial Officer (“CFO”) and director with immediate effect.

Mr Prendergast is a qualified Chartered Accountant. He completed his articles at KPMG, followed by a senior corporate finance role at PwC Corporate Finance, whereafter he held executive positions at Clientele Limited and Wings Travel Management Limited. Mr Prendergast has been with the Company as Interim CFO since 01 July 2020, during which time he has navigated a complex environment and demonstrated the requisite skills and expertise for the role of CFO.

The Board welcomes Mr Prendergast in his new role and looks forward to his contribution to the Company.

Johannesburg
21 October 2020

Sponsor: PSG Capital