ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
(“Adcorp” or the “Company”)


DEALING IN SECURITIES: AWARD AND ACCEPTANCE OF SHARES IN TERMS OF THE
ADCORP SHARE PLAN


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of conditional awards of performance shares
(“Awards”) by directors, the company secretary, prescribed officers and directors of a major
subsidiary of Adcorp, in terms of the Adcorp Share Plan is disclosed:

 NAME OF PARTICIPANTS                       Dr John Wentzel                            (1)
                                            Mr Noel Prendergast                         (2)
                                            Mr Robert De Grooth                        (3)
                                            Mr Bruce Toerien                           (4)
                                            Mr Nick Najjar                             (5)
                                            Ms Lisa Laporte                            (6)
                                            Ms Vinolia Singh                           (7)
                                            Ms Masechaba Masemola                      (8)

 COMPANY OF WHICH A DIRECTOR                Adcorp                                     (1-2)

 COMPANY OF WHICH A                         Adcorp                                     (3-5)
 PRESCRIBED OFFICER

 COMPANY OF WHICH THE                       Adcorp                                     (6)
 COMPANY SECRETARY

 COMPANY OF WHICH A DIRECTOR                Adcorp Workforce Solutions                 (7-8)
 OF A MAJOR SUBSIDIARY

 STATUS                                     Executive Director                         (1-2)

                                            Prescribed Officer of Adcorp and
                                            Managing Director: Contingent Staffing and
                                            Functional Outsourcing                    (3)

                                            Prescribed Officer of Adcorp and
                                            Managing Director: Training                 (4)

                                            Prescribed Officer of Adcorp and Managing
                                            Director: Professional                   (5)

                                            Company Secretary                           (6)

                                            Director of a major subsidiary of Adcorp   (7-8)
 TYPE AND CLASS OF SECURITIES                 Ordinary shares                          (1-8)

 NATURE OF TRANSACTION                        Acceptance of Awards in terms of the Adcorp
                                              Share Plan
                                              (Off-market transaction)                 (1-8)

 AWARD DATE                                   14 December 2022                         (1-8)

 DATE OF ACCEPTANCE OF                        13 January 2023*                        (1-8)
 AWARDS

 NUMBER OF AWARDS ACCEPTED                    614 878                                  (1)
                                              245 481                                  (2)
                                              184 148                                  (3)
                                              94 747                                   (4)
                                              136 953                                  (5)
                                              71 136                                   (6)
                                              146 494                                  (7)
                                              61 047                                   (8)

 AWARD PRICE PER SECURITY                     Zero Cost                                (1-8)
 (CENTS)

 VESTING DATE OF AWARDS                       13 December 2025                         (1-8)

 NATURE AND EXTENT OF INTEREST                Direct, beneficial                       (1-8)
 IN THE TRANSACTION


* Closing share price on 12 January 2023 is R5.27 per share.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Johannesburg
16 January 2023

Sponsor
PSG Capital