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 | 13 January 2026 (1)
14 January 2026 (2) 15 January 2026 (3) 16 January 2026 (4) 20 January 2026 (5) |
| NATURE OF TRANSACTIONS | Purchase of shares (on-market transaction) (1 – 5) |
| NUMBER OF SECURITIES TRANSACTED | 6 436 (1)
10 (2) 4 (3) 1 615 (4) 1 935 (5) |
| PRICE PER SECURITY (CENTS) | 650 (1 – 5) |
| CLASS OF SECURITIES | Ordinary Shares (1-5) |
| TOTAL RAND VALUE OF SECURITIES | R41 834.00 (1)
R65.00 (2) R26.00 (3) R10 497.50 (4) R12 577.50 (5) |
To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements.
Johannesburg
28 January 2026
Sponsor
Valeo Capital (Pty) Ltd