ADCORP HOLDINGS LIMITED - Dealings by the Adcorp Long-Term Incentive (LTI) Plan

Dealings by the Adcorp Long-Term Incentive (“LTI”) Plan

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
("Adcorp" or "the Company")

DEALINGS BY THE ADCORP LONG-TERM INCENTIVE ("LTI") PLAN

In terms of paragraph 3.96 of the JSE Limited Listings Requirements ("Listings
Requirements"), shareholders are hereby advised that the third-party brokerage mandated
by Adcorp, has notified Adcorp of the following on-market purchases of shares in order to
settle forfeitable share awards made by Adcorp to participants in terms of the Adcorp LTI Plan:

 DATE OF TRANSACTIONS                          27 January 2026 (1)
                                               28 January 2026 (2)
                                               30 January 2026 (3)
                                               2 February 2026 (4)
                                               5 February 2026 (5)
                                               6 February 2026 (6)
 NATURE OF TRANSACTIONS                        Purchase of shares (on-market transaction)
                                               (1 – 6)
 NUMBER OF SECURITIES                          12 172 (1)
 TRANSACTED                                    10 306 (2)
                                               7 522 (3)
                                               19 963 (4)
                                               6 448 (5)
                                               5 078 (6)
 PRICE PER SECURITY (CENTS)                    630 (1)


                                               630 (2)


                                               High: 630 (3)
                                               Low: 600 (3)
                                               VWAP: 600.86 (3)


                                               High: 630 (4)
                                               Low: 625 (4)
                                               VWAP: 626.87 (4)


                                               High: 650 (5)
                                               Low: 631 (5)
                                               VWAP: 644.05 (5)

                                               635 (6)
 CLASS OF SECURITIES                           Ordinary Shares (1-6)
 
 TOTAL RAND VALUE OF SECURITIES                R76 683.60 (1)
                                               R64 927.80 (2)
                                               R45 196.40 (3)
                                               R125 141.15 (4)
                                               R41 528.18 (5)
                                               R32 245.30 (6)

To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of
the Listings Requirements.

Johannesburg
11 February 2026

Sponsor
Valeo Capital (Pty) Ltd

Date: 11-02-2026 12:30:00
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