Adcorp Holdings Limited (JSE:ADR) News - Updated trading statement for the twelve months ending 28 February 2022 and notice of results presentation ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR & ISIN: ZAE000000139 (“Adcorp” or “the Group” or “Company”) UPDATED TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2022 AND NOTICE OF RESULTS PRESENTATION TRADING STATEMENT On 13 May 2022, the Company published a trading statement in which it advised shareholders that a reasonable degree of certainty existed that headline earnings per share (“HEPS”) and earnings per share (“EPS”) were expected to increase by at least 139% and 157%, respectively, compared to the previous corresponding period. The Company is currently in the process of finalising its results for the year ended 28 February 2022, which will be announced on the Stock Exchange News Service of the JSE Limited (“JSE”) on or about 30 May 2022. In terms of the JSE Listings Requirements, the Company hereby confirms that a reasonable degree of certainty now exists that for the year ended 28 February 2022: – HEPS will be between 96.0 cents and 102.8 cents, representing an increase of between 61.8 cents and 68.6 cents (or an increase of between 181% and 201%) compared to HEPS of 34.2 cents reported for the year ended 28 February 2021; and – EPS will be between 105.5 cents and 112.7 cents, representing an increase of between 69.9 cents and 77.1 cents (or an increase of between 196% and 216%) compared to EPS of 35.6 cents reported for the year ended 28 February 2021. The financial information on which this trading statement is based has not been reviewed, or reported on, by the Group’s external auditors. RESULTS PRESENTATION As noted above Adcorp intends to release its results for the year ended 28 February 2022 on or about Monday, 30 May 2022. Adcorp will be hosting a virtual presentation at 10h00 SAST on Monday, 30 May 2022 to present the results to investors. Should you be interested in attending please contact ir@singular.co.za and a webcast link will be provided to you. Kindly note that a question and answer session will be available at the end of the presentation and questions may be submitted using the webcast platform. Johannesburg 23 May 2022 Sponsor PSG Capital Date: 23-05-2022 01:51:00 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.