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Notification of Change in External Auditors
Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE000216537
("Bidcorp" or "the Company")
NOTIFICATION OF CHANGE IN EXTERNAL AUDITORS
In compliance with paragraph 3.78 of the JSE Listings Requirements, the Bidcorp Board of Directors ("the
Board"), through the Audit and Risk Committee, wish to inform shareholders that after a formal tender
process to appoint a new firm of external auditors, KPMG Inc. ("KPMG") is appointed as the Company's
external auditors, with Mr Mohammed Hassan appointed as the designated audit partner for the financial
year ending June 30th 2026. The change was initiated by Bidcorp following a decision to implement voluntary
audit firm rotation.
PricewaterhouseCoopers Inc. ("PwC") have submitted their formal resignation as Bidcorp's appointed
external auditors, dated December 3rd 2025. The Company wishes to thank PwC for their services and
contribution over the years. KPMG is appointed as external auditor with immediate effect.
The PwC audit reports for the Bidcorp consolidated financial statements and subsidiaries for the year ended
June 30th 2025 did not contain any adverse opinions or disclaimers of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles. During Bidcorp's financial year ended
June 30th 2025 and through the subsequent period prior to this announcement, there were no
disagreements between Bidcorp and PwC on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their
satisfaction, would have caused them to make reference in connection with their opinion to the subject
matter of the disagreement, or reportable events. The Board and the Audit and Risk Committee are satisfied
that PwC delivered an audit of satisfactory quality for the financial year ended June 30 th 2025.
Date: December 3rd 2025 Johannesburg
Sponsor: The Standard Bank of South Africa Limited
Date: 03-12-2025 05:11:00
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