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 13 January 2025 (1) 14 January 2025 (2) 15 January 2025 (3) 16 January 2025 (4) 17 January 2025 (5) 20 January 2025 (6) 21 January 2025 (7) 22 January 2025 (8) NATURE OF TRANSACTIONS Purchase of shares (on-market transaction) (1 – 8) NUMBER OF SECURITIES TRANSACTED 3 582 (1) 14 652 (2) 2 080 (3) 4 702 (4) 5 231 (5) 6 182 (6) 8 642 (7) 8 849 (8) PRICE PER SECURITY (CENTS) 466 (1) High: 487 (2) Low: 465 (2) VWAP: 474.22 (2) 465 (3) High: 465 (4) Low: 460 (4) VWAP: 463.33 (4) High: 463 (5) Low: 427 (5) VWAP: 454 (5) High: 466 (6) Low: 463 (6) VWAP: 464.75 (6) High: 465 (7) Low: 460 (7) VWAP: 462.17 (7) High: 465 (8) Low: 464 (8) VWAP: 464.8 (8) CLASS OF SECURITIES Ordinary Shares (1-8) TOTAL RAND VALUE OF SECURITIES R16 692,12 (1) R69 590,04 (2) R9 672,00 (3) R21 653,65 (4) R22 467,41 (5) R28 704,75 (6) R40 038,25 (7) R41 110,92 (8) To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the Listings Requirements. Johannesburg 28 January 2025 Sponsor Valeo Capital (Pty) Ltd