ADAPT IT HOLDINGS LIMITED - Departure of the Chief Executive Officer ("CEO")

Departure of the Chief Executive Officer ("CEO")

ADAPT IT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/017276/06)
Share code: ADI
ISIN: ZAE000113163
(“Adapt IT”)


DEPARTURE OF THE CHIEF EXECUTIVE OFFICER ("CEO")


Shareholders are referred to the announcement released on SENS on 10 May 2021 in which Adapt
IT informed shareholders that its CEO, Mr Sibusiso Shabalala, had been granted a three-month leave
of absence to attend to personal matters.

Mr Shabalala has since taken the decision to terminate his employment with Adapt IT and resign as
director of Adapt IT and its subsidiaries with effect from 6 August 2021. The Board has duly accepted
his resignation and wishes him well in his future endeavours.

Adapt IT will make an announcement in due course on a permanent replacement for Mr Shabalala
as CEO. In the meantime, Ms Tiffany Dunsdon will continue in her role as interim CEO.


Johannesburg
10 August 2021

Sponsor
Merchantec Capital

Date: 10-08-2021 07:10:00
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