Voluntary Announcement: Update Following Results Presentation Adapt IT Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/017276/06) Share code: ADI ISIN: ZAE000113163 (“Adapt IT” or “the Company”) VOLUNTARY ANNOUNCEMENT: UPDATE FOLLOWING RESULTS PRESENTATION Further to the Company’s interim results presentation on 25 February 2020, and following stakeholder engagement, the board of directors of Adapt IT (“the Board”) wishes to advise shareholders of its intention to prioritise reduction of net interest bearing debt back to the targeted level of 50% of equity, and as a consequence, is suspending all acquisitions until such time. Further, the Board believes that the Company is able to reduce its debt in the ordinary course of business to the targeted level. The Board wishes to clarify that the Company is not contemplating a rights issue at this stage. Johannesburg 4 March 2020 Sponsor Merchantec Capital Date: 04-03-2020 08:10:00 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.
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