Acceptance of awards in terms of 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") ACCEPTANCE OF AWARDS IN TERMS OF THE ADCORP LONG-TERM INCENTIVE ("LTI") PLAN In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of awards by participants in terms of the Adcorp LTI Plan are herewith disclosed: NAME OF PARTICIPANTS Dr John Wentzel (1) Mr Noel Prendergast (2) Mr Bruce Toerien (3) Mr Nick Najjar (4) Mr Praanesh Prasad (5) Ms Vinolia Singh (6) Ms Lisa Laporte (7) COMPANY OF WHICH A DIRECTOR Adcorp Holdings Limited (1 – 2) Adcorp Workforce Solutions (6) COMPANY OF WHICH A PRESCRIBED Adcorp Holdings Limited (3 – 5) OFFICER COMPANY OF WHICH THE COMPANY Adcorp Holdings Limited (7) SECRETARY STATUS Executive Director (1 – 2) Prescribed Officer and Managing Director: Contingent (3) Prescribed Officer and Managing Director: Professional (4) Prescribed Officer and Managing Director: Adcorp Australia (5) Director of Adcorp Workforce Solutions: Chief People Officer (6) Company Secretary (7) CLASS OF SECURITIES Ordinary Shares (1 – 7) NATURE OF TRANSACTIONS Acceptance of awards in terms of the Adcorp LTI Plan (Non-Schedule 14 Plan) through the award of forfeitable shares (or the right to receive same) and conditional shares (off-market transactions) (1 – 7) DATE OF ACCEPTANCE OF AWARD 29 February 2024 (1 – 7) DATE OF VESTING 1 June 2026 (1 – 7) (Subject to the fulfilment of vesting conditions per the new Adcorp LTI Plan) DEEMED PRICE PER SHARE (CENTS) R3.92 (1 – 7) (Based on the 7-day volume weighted average price on 27 February 2024) NUMBER OF SECURITIES AWARDED 873 272 (1) (FORFEITABLE SHARES) 348 972 (2) 135 321 (3) 139 459 (4) 200 740 (5) 111 564 (6) 72 028 (7) NUMBER OF SECURITIES AWARDED 374 259 (1) (CONDITIONAL SHARES) 149 559 (2) 202 981 (3) 209 189 (4) 301 110 (5) 260 316 (6) 168 064 (7) DEEMED TOTAL RAND VALUE OF R 4 890 321.52 (1) SECURITIES (FORFEITABLE AND R 1 954 241.52 (2) CONDITIONAL SHARES) R 1 326 143.84 (3) R 1 366 700.16 (4) R 1 967 252.00 (5) R 1 457 769.60 (6) R 941 160.64 (7) (Based on deemed price per share) NATURE AND EXTENT OF PARTICIPANTS Direct, beneficial INTEREST IN THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Johannesburg 5 March 2024 Sponsor Valeo Capital (Pty) Ltd Date: 05-03-2024 12:20:00 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.