ADCORP HOLDINGS LIMITED - Appointment of non-executive directors

Appointment of non-executive directors

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR & ISIN: ZAE000000139
(“Adcorp”)

APPOINTMENT OF NON-EXECUTIVE DIRECTORS

With reference to the two announcements issued on SENS on 27 June 2017 and in compliance
with the Listings Requirements of the JSE Limited, shareholders are advised that Mr Samuel
Sithole and Mr Ngange Nongogo have been appointed as non-executive directors of Adcorp with
effect from 4 July 2017. Mr Sithole is also appointed a member of Adcorp’s Remuneration and
Nominations Committee and Mr Nongogo a member of the Investment Committee both with
immediate effect.

Mr Sithole and Mr Nongogo represent Value Capital Partners (Pty) Ltd (“VCP”), with VCP through
its Fund (as defined in the SENS announcement issued on 27 June 2017) being a shareholder in
Adcorp.

VCP seeks to employ the best of private equity principles in the listed space and the board
welcomes the two new directors to the board and looks forward to their contribution to the
group.

Mr Sithole is the CEO of VCP and Mr Nongogo is an Investment Director of VCP.

Bryanston
4 July 2017

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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