ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share award allocations

Acceptance of conditional share award allocations

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/016236/06)
Share code: AIP
ISIN: ZAE000123436
(‘Adcock Ingram’ or ‘the Company’)

ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS

The following allocations of conditional shares have been awarded to executive directors and the
Company Secretary of Adcock Ingram on 24 August 2021 at a market value of R44.87* and accepted
off-market by them on 6 December 2021, respectively, in accordance with the Performance Based
Long-Term Incentive Scheme (PBLTIS) rules. Vesting, of which 75% occurs after three years and 25%
after four years, is subject to the achievement of certain performance conditions. Performance will be
measured over the 3-year performance period which commenced 1 July 2021 and ends on 30 June
2024.


Executive directors           Scheme                Number of conditional         Deemed transaction
                                                             share awards                    value**
Andrew Hall                   PBLTIS                              200 000                 R8 974 000
Dorette Neethling             PBLTIS                              100 000                 R4 487 000
Basadi Letsoalo               PBLTIS                               89 000                 R3 993 430

Company Secretary
Lucky Phalafala               PBLTIS                               36 000                 R1 615 320


*Market value means the volume weighted average price of an Adcock Ingram share as quoted on the
JSE for the immediately preceding day prior to the grant of the shares being 23 August 2021.
**Based on the prevailing market price of an Adcock Ingram share of R44.87 as at 23 August 2021.

The nature and extent of the interest of the directors, which relates to the respective transactions as
outlined above, is direct and beneficial.

Clearance has been received in respect of the above transactions.

Midrand
7 December 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07-12-2021 01:38:00
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