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 09:00 today, Thursday, 29 July 2021 (“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 against resolution as a Number of Number of percentag ordinary ordinary Votes for e of total shares shares resolution as a number of voted at abstained percentage of ordinary Number of AGM as a as a Resolutions total number of shares ordinary percentage percentage proposed at the ordinary shares voted at shares voted of shares in of shares AGM voted at AGM AGM at AGM issue in issue Ordinary resolution number 1.1: Election and re- election of director – J Wentzel 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 1.2: Election and re- election of director – N Prendergast 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 1.3: Election and re- election of director – T Mokgabudi 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution 97.84% 2.16% 93 024 444 84.60% 0.01% number 1.4: Election and re- election of director – P Mnganga Ordinary resolution number 1.5: Election and re- election of director – H Singh 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 1.6: Election and re- election of director – R van Dijk 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 2.1: Election of Audit and Risk Committee Chairperson – T Mokgabudi 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 2.2: Election of Audit and Risk Committee member - H Singh 97.88% 2.12% 93 024 444 84.60% 0.01% Ordinary resolution number 2.3: Election of Audit and Risk Committee member - MW Spicer 97.88% 2.12% 93 024 444 84.60% 0.01% Ordinary resolution number 2.4: Election of Audit and Risk Committee member - R van Dijk 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 2.5: Election of Audit and Risk Committee member - M Lubega 100.00% 0.00% 93 024 444 84.60% 0.01% Ordinary resolution number 3: Re- appointment of independent external auditor 94.85% 5.15% 92 276 567 83.92% 0.69% Ordinary resolution number 4: Place 2 000 000 of the authorised but unissued ordinary shares under the control of the directors 97.86% 2.14% 93 024 444 84.60% 0.01% Ordinary resolution number 5: Non- binding advisory vote on the remuneration policy 74.07% 25.93% 93 024 444 84.60% 0.01% Ordinary resolution number 6: Non- binding advisory vote on the remuneration implementation report 73.45% 26.55% 93 024 444 84.60% 0.01% Ordinary resolution number 7: Authority to implement resolutions passed at the AGM 100.00% 0.00% 93 024 444 84.60% 0.01% Special resolution number 1: Remuneration payable to non- 99.99% 0.01% 93 024 444 84.60% 0.01% executive directors Special resolution number 2: Repurchase of the Company’s shares 100.00% 0.00% 93 024 444 84.60% 0.01% Special resolution number 3: Financial assistance for the provision of loans or other financial assistance to present or future related and inter- related companies 96.64% 3.36% 93 024 444 84.60% 0.01% B Shares Votes against Number resolution of B Votes for as a shares Number of resolution as percentage voted at B shares a percentage of total AGM as a abstained of total number of percentag as a Resolutions number of B B shares Number of B e of percentage proposed at the shares voted voted at shares voted at shares in of shares AGM at AGM AGM AGM issue in issue Ordinary resolution number 1.1: Election and re-election of director – Dr. J Wentzel 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 1.2: Election and re-election of director – N Prendergast 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 1.3: Election and re-election of director – T Mokgabudi 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 1.4: Election and re-election of director – P Mnganga 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 1.5: Election and re-election of director – H Singh 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 1.6: Election and re-election of director – R van Dijk 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2.1: Election of Audit and Risk Committee Chairperson – T Mokgabudi 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2.2: Election of Audit and Risk Committee member - H Singh 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2.3: Election of Audit and Risk Committee member - MW Spicer 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2.4: Election of Audit and Risk Committee member - R van Dijk 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 2.5: Election of Audit and Risk Committee member - M Lubega 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 3: Re- appointment of independent external auditor 100.00% 0.00% 6 729 140 100.00% 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% 6 729 140 100.00% 0.00% Ordinary resolution number 5: Non- binding advisory 100.00% 0.00% 6 729 140 100.00% 0.00% vote on the remuneration policy Ordinary resolution number 6: Non- binding advisory vote on the remuneration implementation report 100.00% 0.00% 6 729 140 100.00% 0.00% Ordinary resolution number 7: Authority to implement resolutions passed at the AGM 100.00% 0.00% 6 729 140 100.00% 0.00% Special resolution number 1: Remuneration payable to non- executive directors 100.00% 0.00% 6 729 140 100.00% 0.00% Special resolution number 2: Repurchase of the Company’s shares 100.00% 0.00% 6 729 140 100.00% 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 100.00% 0.00% 6 729 140 100.00% 0.00% Note: Total number of shares in issue as at the date of the AGM was 116 683 815 of which 109 954 675 were ordinary shares and 6 729 140 were B ordinary shares. The ordinary shares and the B ordinary shares rank in pari passu for voting rights. Management notes that just under 25% of the shareholders present or represented by proxy at the AGM voted against resolution numbers 5 and 6, and an invitation will be extended to such dissenting shareholders to engage with the Company. Johannesburg 29 July 2021 Sponsor PSG Capital Date: 29-07-2021 04:47:00 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.