ADCORP HOLDINGS LIMITED - Appointment of non-executive director

Appointment of non-executive director

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 DIRECTOR

In compliance with the Listings Requirements of the JSE Limited, shareholders are advised that
Mr Tebogo Paul Moeketsi has been appointed as a non-executive director of Adcorp with effect
from 5 February 2018. Mr Moeketsi will replace Mr Sithole as a member and Chairman of
Adcorp’s Investment Committee also with effect from 5 February 2018.

Mr Moeketsi represents Value Capital Partners (Pty) Ltd (“VCP”), with funds managed by VCP
being a shareholder in Adcorp.

Mr Moeketsi, a CA(SA), is an Investment Director at VCP. Prior to joining VCP, he was a Principal
at Medu Capital, a leading mid-market private equity firm, where he spent 8 years as a deal
executive responsible for deal sourcing, deal execution and portfolio management. Prior to
joining Medu Capital, he was a consultant at Investec Corporate Finance, where he gained
valuable experience in all aspects of corporate finance, including mergers and acquisitions,
disposals, JSE listings and BEE transactions. Mr Moeketsi completed his articles and training at
the Financial Services Division of KPMG.

The Board welcomes Mr Moeketsi and looks forward to his contribution to the Group.

Bryanston
5 February 2018

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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