ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR ISIN: ZAE000000139 ("Adcorp" or "the Company") CHANGE IN SPONSOR In accordance with paragraph 2.7A(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has changed its sponsor and has appointed Valeo Capital Proprietary Limited with effect from 1 April 2023. Johannesburg 28 February 2023 Sponsor PSG Capital