ADCORP HOLDINGS LIMITED - Dealings by the Adcorp Long-Term Incentive (LTI) Plan

Dealings by 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")

DEALINGS BY THE ADCORP LONG-TERM INCENTIVE ("LTI") PLAN

In terms of paragraph 6.90 of the JSE Limited Listings Requirements ("Listings Requirements"), shareholders are hereby advised that the third-party brokerage mandated by Adcorp, has notified Adcorp of the following on-market purchases of shares in order to settle forfeitable share awards made by Adcorp to participants in terms of the Adcorp LTI Plan:

 DATE OF TRANSACTIONS                         9 February 2026 (1)
                                              10 February 2026 (2)
                                              11 February 2026 (3)
                                              12 February 2026 (4)
                                              13 February 2026 (5)
                                              16 February 2026 (6)
                                              17 February 2026 (7)
                                              18 February 2026 (8)
                                              19 February 2026 (9)
                                              20 February 2026 (10)
                                              23 February 2026 (11)
                                              24 February 2026 (12)
                                              27 February 2026 (13)

 NATURE OF TRANSACTIONS                       Purchase of shares (on-market transaction)

                                              (1 – 13)
 NUMBER OF SECURITIES                         10 084 (1)
 TRANSACTED                                   28 390 (2)
                                              6 000(3)
                                              18 805 (4)
                                              2 629 (5)
                                              7 567 (6)
                                              3 723 (7)
                                              921 (8)
                                              233 (9)
                                              122 (10)
                                              4 000 (11)
                                              1 000 (12)
                                              3 927 (13)

 PRICE PER SECURITY (CENTS)                   High: 653 (1)
                                              Low: 651 (1)
                                              VWAP: 651.62 (1)

                                              High: 655 (2)
                                              Low: 652 (2)
                                              VWAP: 655.41 (2)

                                              654: (3)

                                              653: (4)

                                              625: (5)

                                              653: (6)

                                              653: (7)

                                              636: (8)

                                              653: (9)

                                              650: (10)

                                              653: (11)

                                              651 (12)

                                              High: 653 (13)
                                              Low: 640 (13)
                                              VWAP: 652.54 (13)

 CLASS OF SECURITIES                           Ordinary Shares (1-13)

 TOTAL RAND VALUE OF SECURITIES                R65 709.64 (1)
                                               R185 786.65 (2)
                                               R39 240.00 (3)
                                               R122 796.65 (4)
                                               R17 141.08 (5)
                                               R49 412.51 (6)
                                               R24 311.19 (7)
                                               R5 857.56 (8)
                                               R1 521.49 (9)
                                               R793.00 (10)
                                               R26 120.00 (11)
                                               R6 510.00 (12)
                                               R25 625.24 (13)

To the extent required, clearance for the above was obtained in terms of paragraph 6.83 of the Listings
Requirements.

Johannesburg
2 March 2026

Sponsor
Valeo Capital (Pty) Ltd

Date: 02-03-2026 03:00:00
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