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Dealings in securities by Adcock Ingram Holdings Limited Employee Share Trust (2008) and Executive Directors

Published: 2023-09-28 17:40:31 ET

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/016236/06)
Share code: AIP
ISIN: ZAE000123436
(‘Adcock Ingram’ or ‘the Company’)

DEALINGS IN SECURITIES BY THE ADCOCK INGRAM HOLDINGS LIMITED EMPLOYEE SHARE
TRUST (2008) AND BY EXECUTIVE DIRECTORS

In compliance with the Listings Requirements of the JSE Limited, the following information is disclosed:

A portion of conditional shares, awarded to executive directors, on 26 September 2019 (2020 tranche) and
25 November 2020 (2021 tranche) in terms of the Performance Based Long-Term Incentive Scheme
(PBLTIS) , have vested.

The achievement proportion is determined after applying the related performance conditions during the
performance period. In terms of the PBLTIS 75% of granted awards vest after three years and the remaining
25% vest after four years.


Details about these tranches are as follows:

                                          2020                            2021
                                          tranche                         tranche

Achievement proportion:                   72%                             100%
Performance period:                       1 July 2019 – 30 June 2022      1 July 2020 – 30 June 2023
Vested portion:                           25%                             75%

75% of the 2020 tranche vested in 2022 and the relevant dealings in securities were announced on the Stock
Exchange News Service on 14 October 2022. The remaining 25% of the 2021 tranche will vest in 2024.

The Adcock Ingram Holdings Limited Employee Share Trust (2008) has, after obtaining the requisite
clearance, purchased Adcock Ingram ordinary shares in the open market on behalf of participants in
accordance with its terms, in order to satisfy the obligations arising from the vesting of PBLTIS conditional
share awards. The details are set out below.


 Company                                                 Adcock Ingram Holdings Limited Employee Share
                                                         Trust (2008)
 Date of transaction                                     18 September 2023
 Nature of transaction                                   On market purchase of securities to satisfy the
                                                         obligations arising from the vesting of PBLTIS
                                                         conditional share awards
 Number of securities                                    926 675
 Class of securities                                     Ordinary shares
 Purchase price                                          R52.84 per share
 Value of transaction                                    R48 965 507.00
 Nature of interest                                      Direct beneficial

Shareholders are further advised of the dealings in the Company’s securities by executive directors
as disclosed below.

 Director:                                                Andrew Hall
 Company                                                  Adcock Ingram
 Date of transaction                                      18 September 2023
 Nature of transaction                                    On market sale of shares pursuant to the
                                                          vesting of conditional share awards in terms
                                                          of the PBLTIS
 Class of securities                                      Ordinary shares
 Number of share awards vested and sold                   170 250
 Exercise and sale price per share                        R54.51 per share
 Value of transaction                                  R9 280 327.50
 Nature of interest                                    Direct beneficial

 Director:                                             Dorette Neethling
 Company                                               Adcock Ingram
 Date of transaction                                   18 September 2023
 Nature of transaction                                 On market sale of shares pursuant to the
                                                       vesting of the conditional share awards in
                                                       terms of the PBLTIS
 Class of securities                                   Ordinary shares
 Number of share awards vested and sold                80 520
 Exercise and sale price per share                     R54.51 per share
 Value of transaction                                  R4 389 145.20
 Nature of interest                                    Direct beneficial

 Director:                                             Basadifeela Letsoalo
 Company                                               Adcock Ingram
 Date of transaction                                   18 September 2023
 Nature of transaction                                 On market sale of shares pursuant to the
                                                       vesting of the conditional share awards in
                                                       terms of the PBLTIS
 Class of securities                                   Ordinary shares
 Number of share awards vested and sold                73 095
 Exercise and sale price per share                     R54.51 per share
 Value of transaction                                  R3 984 408.45
 Nature of interest                                    Direct beneficial

The requisite clearance has been received in respect of the above transactions.

Midrand
28 September 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.