Adcorp Holdings Limited (JSE:ADR) News - Appointment of Lead Independent Director ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR ISIN: ZAE000000139 (“Adcorp” or the “Company”) APPOINTMENT OF LEAD INDEPENDENT DIRECTOR In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of Adcorp (“Board”) wishes to advise that Dr Phumla Mnganga, who is currently an independent non- executive director of Adcorp, has been appointed as the lead independent director of the Company with effect from 26 May 2022. Dr Mnganga was appointed to the Adcorp Board in 2018 and is currently serving as the chairperson of the Social, Ethics and Sustainability Committee and a member of the Human Capital Committee. She also serves on a number of boards of other JSE listed companies. The Board congratulates Dr Phumla Mnganga and looks forward to her continued contribution to the Company. Johannesburg 30 May 2022 Sponsor PSG Capital Date: 30-05-2022 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.