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 | 27 January 2026 (1)
28 January 2026 (2) 30 January 2026 (3) 2 February 2026 (4) 5 February 2026 (5) 6 February 2026 (6) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transaction) (1 – 6) |
| NUMBER OF SECURITIES TRANSACTED | 12 172 (1)
10 306 (2) 7 522 (3) 19 963 (4) 6 448 (5) 5 078 (6) |
| PRICE PER SECURITY (CENTS) | 630 (1)
630 (2) High: 630 (3) Low: 600 (3) VWAP: 600.86 (3) High: 630 (4) Low: 625 (4) VWAP: 626.87 (4) High: 650 (5) Low: 631 (5) VWAP: 644.05 (5) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
11 February 2026
Sponsor
Valeo Capital (Pty) Ltd