Results of the 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 GENERAL MEETING Shareholders are hereby advised that at the general meeting of the Company held electronically at 10h00 today, Tuesday, 30 March 2021 (“GM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the GM are as follows: Ordinary Shares* Votes Votes for against resolution resolution Number of Number of as a as a shares shares percentage percentage voted at GM abstained of total of total as a as a number of number of Number of percentage percentage Resolutions Ordinary Ordinary Ordinary of Ordinary of Ordinary proposed at the shares shares shares shares in shares in GM voted at GM voted at GM voted at GM issue issue Ordinary resolution number 1: Approval 0.01% of the Disposal 99.92% 0.08% 95 593 418 86.94% Ordinary resolution number 2: Authority of the Directors and/or Company Secretary 99.92% 0.08% 95 593 418 86.94% 0.01% B Ordinary Shares** Votes Votes for against Number of Number of resolution resolution shares shares as a as a voted at GM abstained percentage percentage as a as a of total of total percentage percentage number of B number of B Number of B of B of B Resolutions Ordinary Ordinary Ordinary Ordinary Ordinary proposed at the shares shares shares shares in shares in GM voted at GM voted at GM voted at GM issue issue Ordinary resolution number 1: Approval of the Disposal 100% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2: Authority of the Directors and/or Company Secretary 100% 0.00% 6 729 140 100.00% 0.00% Note: *Total number of Ordinary Shares in issue as at the date of the GM was 109 954 675. **Total number of B Ordinary Shares in issue as at the date of the GM was 6 729 140. 30 March 2021 Sponsor and Transaction Adviser PSG Capital Date: 30-03-2021 03:24:00 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.