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 | 26 August 2025 (1)
27 August 2025 (2) 2 September 2025 (3) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transaction) (1 – 3) |
| NUMBER OF SECURITIES TRANSACTED | 4 174 (1)
3 138 (2) 10 688 (3) |
| PRICE PER SECURITY (CENTS) | 650 (1)
High: 650 (2) Low: 649 (2) VWAP: 649,80 (2) 650 (3) |
| CLASS OF SECURITIES | Ordinary Shares (1-3) |
| TOTAL RAND VALUE OF SECURITIES | R27 131,00 (1)
R20 396,93 (2) R69 472,00 (3) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
8 September 2025
Sponsor
Valeo Capital (Pty) Ltd