Dealings In Shares By An Associate Of A Director Of A Major Subsidiary STADIO HOLDINGS LIMITED (Previously Embury Holdings Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2016/371398/06 Share code: SDO ISIN:ZAE000248662 (“STADIO” or “the Company) DEALINGS IN SHARES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: NAME OF DIRECTOR JJ Human COMPANY OF WHICH A DIRECTOR Embury Institute for Higher Education (a major subsidiary of the Company) STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by an associate of a director of a major subsidiary (on- market transaction) DATE OF TRANSACTION 25 May 2018 PRICE PER SECURITY 390 cents NUMBER OF SECURITIES TRANSACTED 27 500 TOTAL RAND VALUE OF SECURITIES R107 250.00 TRANSACTED NAME OF ASSOCIATE Working Class Hero Investments Proprietary Limited RELATIONSHIP WITH DIRECTOR The director is a director and shareholder of the associate NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Durbanville 30 May 2018 Sponsor PSG Capital Date: 30/05/2018 12:45:00 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.