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
|
11 November 2025 (1)
14 November 2025 (2) 17 November 2025 (3) 19 November 2025 (4) 20 November 2025 (5) 24 November 2025 (6) 25 November 2025 (7) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transactions) (1 – 7) |
| NUMBER OF SECURITIES TRANSACTED | 1 000 (1)
5 603 (2) 2 115 (3) 12 (4) 1 827 (5) 8 (6) 21 816 (7) |
| PRICE PER SECURITY (CENTS)
|
700 (1)
700 (2) 710 (3) 700 (4) 698 (5) 700 (6) High 690 (7) Low 689 (7) VWAP 689.82 (7) |
| CLASS OF SECURITIES | Ordinary Shares (1-7) |
| TOTAL RAND VALUE OF SECURITIES | R7 000.00 (1)
R39 221.00 (2) R15 016.50 (3) R84.00 (4) R12 752.46 (5) R56.00 (6) R150 491.24 (7) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
28 November 2025
Sponsor
Valeo Capital (Pty) Ltd