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 IN SECURITIES


In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the
following information regarding the dealings in securities is disclosed:

1.
NAME OF PRESCRIBED OFFICER                       Nick Najjar

NAME OF COMPANY                                  Adcorp Holdings Limited

STATUS                                           Prescribed officer

DATE OF TRANSACTION                              29 May 2023

PRICE PER SECURITY (CENTS)                       High: 571.85
                                                 Low: 505
                                                 VWAP: 571.85

NUMBER OF SECURITIES                             20 001

TOTAL RAND VALUE OF SECURITIES                   R114 375.05

CLASS OF SECURITIES                              Ordinary shares

NATURE OF TRANSACTION                            Purchase of shares by a prescribed officer
                                                 (on-market transaction)

NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION


2.
NAME OF DIRECTOR                                 Noel Prendergast

NAME OF COMPANY OF WHICH THE                     Adcorp Holdings Limited
DIRECTOR IS A DIRECTOR

STATUS: EXECUTIVE/NON- EXECUTIVE                 Executive

DATE OF TRANSACTION                              29 May 2023

PRICE PER SECURITY (CENTS)                       High: 570
                                                 Low: 550
                                                 VWAP: 560

NUMBER OF SECURITIES                             20 000
TOTAL RAND VALUE OF SECURITIES                  R112 000

CLASS OF SECURITIES                             Ordinary shares

NATURE OF TRANSACTION                           Purchase of shares by a director (on-
                                                market transaction)

NATURE AND EXTENT OF DIRECTORS                  Direct, beneficial
INTEREST IN THE TRANSACTION


3.
NAME OF DIRECTOR                                John Wentzel

NAME OF COMPANY OF WHICH THE                    Adcorp Holdings Limited
DIRECTOR IS A DIRECTOR

STATUS: EXECUTIVE/NON- EXECUTIVE                Executive

DATE OF TRANSACTION                             29 May 2023

PRICE PER SECURITY (CENTS)                      High: 575
                                                Low: 550
                                                VWAP: 567.46

NUMBER OF SECURITIES                            20 900

TOTAL RAND VALUE OF SECURITIES                  R118 600

CLASS OF SECURITIES                             Ordinary shares

NATURE OF TRANSACTION                           Purchase of shares by a director (on-
                                                market transaction)

NATURE AND EXTENT OF DIRECTORS                  Direct, beneficial
INTEREST IN THE TRANSACTION



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

Johannesburg
1 June 2023

Sponsor
Valeo Capital (Pty) Ltd