Disclosure of Acquisition of Securities

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
(“Adcorp” or “the Group“)

DISCLOSURE OF ACQUISITION OF SECURITIES

In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and section 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following movement in securities of the Company:

Value Capital Partners Proprietary Limited (“VCP”) has, in aggregate, acquired an interest in the securities of the Company, such that VCP now holds 30.66% of the securities of the Company.

Johannesburg

3 June 2021

Sponsor

PSG Capital