Adcorp Holdings Limited (JSE:ADR) News - Results of the Annual General Meeting ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR ISIN: ZAE000000139 ("Adcorp" or "the Company") RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting of the Company held electronically at 9:00 today, Thursday, 28 July 2022 (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Ordinary Shares Votes Votes for against resolution as resolution as Number of Number of a percentage a percentage ordinary ordinary of total of total shares voted shares number of number of Number of at AGM as a abstained as Resolutions ordinary ordinary ordinary percentage a percentage proposed at the shares voted shares voted shares voted of shares in of shares in AGM at AGM at AGM at AGM issue* issue* Ordinary resolution number 1.1: Election of director – Timothy Olls 97,74% 2,26% 91362372 87,26% 0,00% Ordinary resolution number 1.2: Election of director – Samuel Sithole 97,74% 2,26% 91362372 87,26% 0,00% Ordinary resolution number 1.3: Re-election of director – Phumla Mnganga 97,23% 2,77% 91362372 87,26% 0,00% Ordinary resolution number 1.4: Re-election of director – Herman Singh 99,97% 0,03% 91362372 87,26% 0,00% Ordinary resolution number 1.5: Re-election of director – Gloria Serobe (Board chairman) 94,48% 5,52% 91362372 87,26% 0,00% Ordinary resolution number 2.1: Re-election of audit and risk committee member – Tshidi Mokgabudi (chairman) 99,94% 0,06% 91362372 87,26% 0,00% Ordinary resolution number 2.2: Re-election of audit and risk committee member – Herman Singh 97,74% 2,26% 91362372 87,26% 0,00% Ordinary resolution number 2.3: Re-election of audit and risk committee member – Ronel van Dijk 99,97% 0,03% 91362372 87,26% 0,00% Ordinary resolution number 2.4: Re-election of audit and risk committee member – Melvyn Lubega 99,97% 0,03% 91362372 87,26% 0,00% Ordinary resolution number 3: Appointment of independent external auditor 99,78% 0,22% 91362372 87,26% 0,00% Ordinary resolution number 4: Place 2 000 000 of the authorised but unissued ordinary shares under the control of the directors 94,63% 5,37% 91362372 87,26% 0,00% Ordinary resolution number 5: Non-binding advisory vote on the remuneration policy 91,70% 8,30% 73838957 70,52% 16,74% Ordinary resolution number 6: Non-binding advisory vote on the remuneration implementation report 92,99% 7,01% 73838957 70,52% 16,74% Ordinary resolution number 7: Authority to implement resolutions passed at the AGM 99,97% 0,03% 91362372 87,26% 0,00% Special resolution number 1: Remuneration payable to non- executive directors 97,41% 2,59% 91362372 87,26% 0,00% Special resolution number 2: Repurchase of the Company’s shares 98,93% 1,07% 91362372 87,26% 0,00% Special resolution number 3: Financial assistance for the provision of loans or other financial assistance to present or future related and inter- related companies 96,26% 3,74% 91362372 87,26% 0,00% B Ordinary Shares Votes Votes for against resolution as resolution as Number of B Number of B a percentage a percentage ordinary ordinary of total of total shares voted shares number of B number of B Number of B at AGM as a abstained as Resolutions ordinary ordinary ordinary percentage a percentage proposed at the shares voted shares voted shares voted of shares in of shares in AGM at AGM at AGM at AGM issue* issue* Ordinary resolution number 1.1: Election of director – Timothy Olls 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 1.2: Election of director – Samuel Sithole 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 1.3: Re-election of director – Phumla Mnganga 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 1.4: Re-election of director – Herman Singh 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 1.5: Re-election of director – Gloria Serobe (Board chairman) 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 2.1: Re-election of audit and risk committee member – Tshidi Mokgabudi (chairman) 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 2.2: Re-election of audit and risk committee member – Herman Singh 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 2.3: Re-election of audit and risk committee member – Ronel van Dijk 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 2.4: Re-election of audit and risk committee member – Melvyn Lubega 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 3: Appointment of independent external auditor 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 4: Place 2 000 000 of the authorised but unissued ordinary shares under the control of the directors 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 5: Non-binding advisory vote on the remuneration policy 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 6: Non-binding advisory vote on the remuneration implementation report 100,00% 0,00% 6729140 100,00% 0,00% Ordinary resolution number 7: Authority to implement resolutions passed at the AGM 100,00% 0,00% 6729140 100,00% 0,00% Special resolution number 1: Remuneration payable to non- executive directors 100,00% 0,00% 6729140 100,00% 0,00% Special resolution number 2: Repurchase of the Company’s shares 100,00% 0,00% 6729140 100,00% 0,00% Special resolution number 3: Financial assistance for the provision of loans or other financial assistance to present or future 100,00% 0,00% 6729140 100,00% 0,00% related and inter- related companies Note: * Total number of shares in issue as at the date of the AGM was 116 683 815 (including 5 255 134 Treasury Shares which were excluded from voting), of which 109 954 675 were Ordinary Shares and 6 729 140 were B Ordinary Shares. Johannesburg 28 July 2022 Sponsor PSG Capital Date: 28-07-2022 03:55:00 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.