Change Statement and Notice of Annual General Meeting Workforce Holdings Limited Incorporated in the Republic of South Africa (Registration number 2006/018145/06) Share code: WKF ISIN: ZAE000087847 (“Workforce” or “the company”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Change Statement Shareholders are advised that the integrated annual report for the year ended 31 December 2020, was distributed to shareholders on 28 April 2021 and is also available on the Company’s website, https://www.workforce.co.za/annual-reports/. The annual financial statements (“AFS”) forming part of the integrated annual report contains no modifications to the reviewed provisional results published on SENS on 31 March 2021 (“Reviewed Results”), other than those detailed below: Group Statement of Financial Position As at 31 December 2020 Audited AFS Reviewed Results (R’000) (R’000) Assets Non-current assets 448 525 448 525 Right-of-use assets 57 126 57 126 Property, plant and equipment 20 651 20 651 Goodwill 215 780 215 780 Intangible assets 77 325 77 325 Deferred tax assets 71 012 71 012 Other financial assets 6 631 6 631 Current assets 851 308 851 308 Trade and other receivables and advances 765 459 765 459 Inventories 3 907 3 907 Taxation 2 675 2 675 Cash and cash equivalents 79 267 79 267 Total assets 1 299 833 1 299 833 Equity and liabilities Equity 734 242 734 242 Equity attributable to owners of the parent 730 564 730 564 Stated capital 234 051 234 051 Treasury shares (13 075) (13 075) Foreign exchange differences on translation of foreign operations (2 444) (2 444) Equity-settled employee benefits reserve 5 555 5 555 Retained earnings 506 477 506 477 Non-controlling interests 3 678 3 678 Non-current liabilities 70 730 37 870 Financial liabilities 21 026 21 026 Lease liabilities 47 313 14 453 Deferred tax liabilities 2 391 2 391 Current liabilities 494 861 527 721 Trade and other payables 226 616 226 616 Financial liabilities 253 807 253 807 Lease liabilities 14 438 47 298 Total equity and liabilities 1 299 833 1 299 833 The differences were owing to a liability of R 32.86 million that was incorrectly stated in current liabilities that should have in fact been included in non-current liabilities. Group Statement of Cashflows For the year ended 31 December 2020 Audited AFS Reviewed (R’000) Results (R’000) Cash generated from operations before net working capital 43 696 35 166 changes Cash generated from operations 61 346 52 816 Finance income 745 745 Finance costs (14 602) (14 602) Taxation paid (3 793) (3 793) Increase/(decrease) in net working capital 129 087 129 087 Cashflow from operating activities 172 783 164 253 Cashflow from investing activities (27 924) (13 971) Property, plant and equipment acquired (8 830) (8 830) Proceeds on disposal of property, plant and equipment 293 293 Dividend income 644 644 Intangible assets acquired – maintaining operations (6 196) (6 196) Payment of contingent consideration for business combinations (13 953) (13 953) Acquisition of business 118 118 Cashflow from financing activities (114 600) (120 023) Repayment of borrowings (90 778) (96 201) Proceeds from borrowings 10 000 10 000 Payment of lease liabilities (25 741) (25 741) Payment for buy-back of shares – – Payment of contingent consideration for business combinations (7 415) (7 415) Dividends paid (666) (666) Net change in cash and cash equivalents 30 259 30 259 Cash and cash equivalents at the beginning of the year 49 008 49 008 Cash and cash equivalents at the end of the year 79 267 79 267 The net differences from the above changes to the Statement of Cashflows is zero. There were no changes to the earnings per share, headline earnings per share, Statement of Comprehensive Income and Statement of Changes in Equity from the Reviewed Results to the Audited AFS. Notice of Annual General Meeting Notice is hereby given that the annual general meeting of shareholders of Workforce will be held at 10:00 on Thursday, 27 May 2021 at 11 Wellington Road, Parktown or via Microsoft Teams to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report. The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 71 of 2008, as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 21 May 2021. Accordingly, the last day to trade Workforce shares in order to be recorded in the register to be entitled to vote will be Tuesday, 18 May 2021. Johannesburg 28 April 2021 Designated Adviser Merchantec Capital Date: 28-04-2021 11:00:00 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.