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 June 2025 (1)
                                                  27 June 2025 (2)
 
 NATURE OF TRANSACTIONS                           Purchase of shares (on-market
                                                  transaction) (1 – 2)
 
 NUMBER OF SECURITIES TRANSACTED                  19 296 (1)
                                                  166 110 (2)
 
 PRICE PER SECURITY (CENTS)                       High: 612 (1)
                                                  Low: 650 (1)
                                                  VWAP: 635 (1)


                                                  High: 609 (2)
                                                  Low: 675 (2)
                                                  VWAP: 660 (2)
 
 CLASS OF SECURITIES                              Ordinary Shares (1-2)
 
 TOTAL RAND VALUE OF SECURITIES                   R124 291,20 (1)
                                                  R1 081 184,37(2)


To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of
the Listings Requirements.

Johannesburg
10 July 2025


Sponsor
Valeo Capital (Pty) Ltd

Date: 10-07-2025 03:45:00
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