ADCORP HOLDINGS LIMITED - Vesting and Settlement of Awards in Terms of the Adcorp Long-Term Incentive (LTI) Plan

Vesting and Settlement of Awards in Terms of the Adcorp Long-Term Incentive (“LTI”) Plan

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

VESTING AND SETTLEMENT OF AWARDS IN TERMS OF THE ADCORP LONG-
TERM INCENTIVE ("LTI") PLAN

In compliance with paragraphs 6.77 to 6.89 of the JSE Limited Listings Requirements, the
following information regarding the vesting and settlement of awards by participants in terms
of the Adcorp LTI Plan are herewith disclosed:

 NAME OF PARTICIPANTS                             Dr John Wentzel (1)
                                                  Mr Noel Prendergast (2)
                                                  Mr Bruce Toerien (3)


 COMPANY OF WHICH A DIRECTOR                      Adcorp Holdings Limited (1 – 2)


 COMPANY OF WHICH A PRESCRIBED                    Adcorp Holdings Limited (3)
 OFFICER
 STATUS                                           Executive Director (1 – 2)


                                                  Prescribed Officer and Managing Director:
                                                  Contingent Staffing South Africa (3)


 CLASS OF SECURITIES                              Ordinary Shares (1 – 3)


 NATURE OF TRANSACTIONS                           Vesting of shares in terms of the Adcorp
                                                  LTI Plan (Non-Schedule 9 Plan) of the
                                                  forfeitable shares (or the right to receive
                                                  same) and conditional shares (off-market
                                                  transactions) (1 – 3)


 DATE OF ACCEPTANCE OF AWARD                      16 July 2026 (1 - 3)


 DATE OF VESTING                                  30 June 2026 (1 – 3)


 EXERCISE PRICE PER SHARE                         R6.43 (1 – 3)
 NUMBER OF SECURITIES AWARDED                     436 636 (1)
 (FORFEITABLE SHARES)                             99 169 (2)
                                                  39 816 (3)


 NUMBER OF SECURITIES AWARDED                     187 129 (1)
 (CONDITIONAL SHARES)                             42 500 (2)
                                                  59 724 (3)


 EXERCISE TOTAL RAND VALUE OF                     R 4 010 808.95 (1)
 SECURITIES (FORFEITABLE AND                      R 910 931.67 (2)
 CONDITIONAL SHARES)                              R 640 042.20 (3)


                                                  (Based on exercise price per share)
 NATURE AND EXTENT OF PARTICIPANTS                Direct, beneficial
 INTEREST IN THE TRANSACTIONS

Clearance for the above was obtained in terms of paragraph 6.83 of the JSE Limited Listings
Requirements.

Johannesburg
17 July 2026

Sponsor
Valeo Capital (Pty) Ltd

Date: 17-07-2026 02:26:00
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