STADIO HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2016/371398/06) Share code: SDO ISIN: ZAE000248662 LEI: 3789007C8FB26515D966 (“STADIO Holdings” or “the Company”) EXERCISE AND RELATED SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE STADIO HOLDINGS LIMITED SHARE INCENTIVE TRUST In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the exercise of share options by directors and a prescribed officer of STADIO Holdings and a director of one of its major subsidiaries are disclosed to shareholders. Upon the exercise of the share options referred to below, in the instances where the beneficiaries elected to have their options settled on a net-equity basis, STADIO Holdings elected to settle same on an after-tax equity settlement basis, through the award of ordinary shares as detailed below: 1. NAME OF DIRECTOR Dr Divya Singh COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS EXERCISED 439 189 VESTING DATE OF OPTIONS 3 October 2022 EXERCISE DATE OF OPTIONS After close of business on 17 October 2022 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R4.16 on 17 October 2022, and related after-tax net-equity settlement by way of the award of 69 679 shares to the director (off-market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION 2. NAME OF DIRECTOR Ms Samara Totaram COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS EXERCISED 431 210 VESTING DATE OF OPTIONS 3 October 2022 EXERCISE DATE OF OPTIONS After close of business on 17 October 2022 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R4.16 on 17 October 2022, and related after-tax net-equity settlement by way of the award of 68 413 shares to the director (off-market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION 3. NAME OF DIRECTOR Dr Christiaan Rudolph van der Merwe COMPANY OF WHICH A DIRECTOR STADIO Holdings Limited STATUS: EXECUTIVE/NON- Non-Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS EXERCISED 1 013 514 VESTING DATE OF OPTIONS 3 October 2022 EXERCISE DATE OF OPTIONS After close of business on 17 October 2022 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE OF TRANSACTION Acquisition of 1 013 514 shares by the director through the exercise of options (off-market transaction) NAME OF ASSOCIATE Chris van der Merwe Familie Trust NATURE AND EXTENT OF Indirect, beneficial INTEREST IN THE TRANSACTION 4. NAME OF PRESCRIBED OFFICER Mr Jacobus Johannes Human COMPANY OF WHICH A STADIO Holdings Limited PRESCRIBED OFFICER TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS EXERCISED 775 828 VESTING DATE OF OPTIONS 3 October 2022 EXERCISE DATE OF OPTIONS After close of business on 17 October 2022 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE OF TRANSACTION Acquisition of 775 828 shares by the director through the exercise of options (off-market transaction) NAME OF ASSOCIATE Working Class Heroes Proprietary Limited RELATIONSHIP WITH DIRECTOR The director is a director of the associate NATURE AND EXTENT OF Indirect, beneficial INTEREST IN THE TRANSACTION 5. NAME OF DIRECTOR Mr Andrew Charles Horsfall COMPANY OF WHICH A DIRECTOR Milpark Education Proprietary Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R2.96 NUMBER OF OPTIONS EXERCISED 422 297 VESTING DATE OF OPTIONS 3 October 2022 EXERCISE DATE OF OPTIONS After close of business on 17 October 2022 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE OF TRANSACTION Exercise of options by the director at the last traded share price of R4.16 on 17 October 2022, and related after-tax net-equity settlement by way of the award of 66 999 shares to the director (off- market transaction) NATURE AND EXTENT OF Direct, beneficial INTEREST IN THE TRANSACTION To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Durbanville 18 October 2022 Sponsor PSG Capital