ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR ISIN: ZAE000000139 ("Adcorp" or "the Company") ANNUAL COMPLIANCE REPORT PREPARED IN TERMS OF THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act (“Compliance Report”) has been published and, together with the Company’s latest Broad-Based Black Economic Empowerment rating certificate for its South African operations (“BEE Certificate”), is available on the Company’s website. The Compliance Report is available at https://www.adcorpgroup.com/adcorp-holdings-form-bbbee-1-compliance-report/ and the BEE Certificate is available at https://www.adcorpgroup.com/adcorp-workforce-solutions-bee-fy2023- certificate/. Johannesburg 18 July 2023 Sponsor Valeo Capital (Pty) Limited