STADIO HOLDINGS LIMITED - Voluntary Business Update At Annual General Meeting

Voluntary Business Update At Annual General Meeting

STADIO HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/371398/06
Share code: SDO
ISIN: ZAE000248662
LEI: 3789007C8FB26515D966
 (“the Company” or “the STADIO Group”)

VOLUNTARY BUSINESS UPDATE AT ANNUAL GENERAL MEETING

VOLUNTARY BUSINESS UPDATE

Shareholders are hereby advised that a voluntary business update presentation will be
provided by the CEO of the Company, Mr Chris Vorster, during the annual general meeting
(“AGM”) of the Company that will be held today, 22 June at 11:00, and conducted entirely by
electronic communication.

The presentation relating to the voluntary business update will be available on the STADIO
website (www.stadio.co.za). The salient points of the presentation are outlined below:

1. An overview of 2020 will be provided;

2. An overview of corporate and other developments will be provided including:

       •   the finalisation of the transfer of the Durbanville land (earmarked for development
           of a mega-campus in the Western Cape with an expected opening date of January
           2024);

       •   the conclusion of the acquisition of the remaining 26% interest in SBS Namibia
           Proprietary Limited;

       •   the conclusion of the early settlement of the CA Connect transaction, further details
           which were disclosed on SENS on 3 June 2021; and

       •   the partnership with Capitec Bank to pilot the launch of the Capitec credit for
           education product.

       •   the completion of Phase I of the STADIO Centurion mega-campus during June
           2021, for opening in January 2022.

3. An overview of 2021 semester one (S1) student numbers including an 11% increase in
   2021 S1 student numbers for the period to 31 May 2021, the details of which are set out
   below:


MODE OF LEARNING          30 June      30 June      30 June     30 June      31 May         2021
DELIVERY                  2017         2018         2019        2020         2021           Growth
Distance Learning         18 997       20 932       22 199      24 784       28 659         16%
Contact Learning           4 755        5 402        6 081       6 269        5 797         (8%)
Total                     23 752       26 334       28 280      31 053       34 456         11%

MADE UP AS
FOLLOWS:
% Distance Learning        80%         79%         78%         80%         83%
% Contact Learning         20%         21%         22%         20%         17%

•     Distance learning student numbers showed good growth of 16% from 30 June 2020 to 31
      May 2021; and

•     Contact learning student numbers declined by 8% mainly as a result of students delaying
      or deferring studies given the uncertainties of COVID-19. Furthermore, regulatory delays
      in accrediting programmes and site extensions impacted the Stadio Group’s growth plans
      for many of its contact learning sites. The Company believes that the contact learning
      student numbers will recover once regulatory approvals are finalised and normalcy and
      stability return to campuses post COVID-19.

AGM

The STADIO AGM will be held today at 11:00. You can register to participate by clicking on
the    following  link:  https://www.connectbylumi.com/event/bf373d07-aa1d-49a5-98b1-
08366f2fa30e/summary and registering to attend as a ‘Guest’ or a ‘Shareholder’, as
applicable. The Company looks forward to hosting you.

Durbanville
22 June 2021

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 22-06-2021 10:45:00
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