ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share award allocations

Acceptance of conditional share award allocations

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/016236/06)
Share code: AIP
ISIN: ZAE000123436
(‘Adcock Ingram’ or ‘the Company’)

ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS

The following allocations of conditional shares have been awarded to executive directors and the
company secretary of Adcock Ingram on 22 August 2023 and accepted off-market by each of them on
4 September 2023, in accordance with the Performance Based Long-Term Incentive Scheme (PBLTIS)
rules.

Vesting, of which 75% occurs after three years and 25% after four years, is subject to the achievement
of certain performance conditions. Performance will be measured over the three-year performance
period from 1 July 2023 until 30 June 2026.

Executive directors           Scheme                Number of conditional        Deemed transaction
                                                             share awards                    value*
Andrew Hall                   PBLTIS                              200 000               R11,136,000
Dorette Neethling             PBLTIS                               90 000                R5,011,200
Basadi Letsoalo               PBLTIS                               79 000                R4,398,720

Company secretary
Lucky Phalafala               PBLTIS                               32 000                R1,781,760

*Based on the prevailing market price of an Adcock Ingram share at 1 September 2023 of R55.68.

The nature and extent of the interest of the directors, which relates to the respective transactions as
outlined above, is direct and beneficial.

Clearance has been received in respect of the above transactions.

Midrand
05 September 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05-09-2023 02:00:00
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