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
Chief Executive Officer of the Company, Mr Chris Vorster, during the annual general meeting ("AGM")
of the Company that will be conducted as a hybrid meeting, held in-person at Workshop17, Watershed,
17 Dock Road, V&A Waterfront, Cape Town, 8002, and via electronic communication, at 10:00 today,
Thursday, 19 June 2025.

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

1.    An overview of 2024
2.    An overview of the Group's growth strategy
3.    An update on the STADIO Durbanville comprehensive campus construction and plans as noted
      further below
4.    An overview of 2025 semester one student numbers for the period to June 2025, the details of
      which are set out below:

    MODE OF                30 June     30 June     30 June     30 June       30 June       June        2025
    LEARNING                  2020        2021        2022        2023          2024      2025 *     Growth
    DELIVERY
    Distance Learning       25 145      29 119      33 505      37 067       40 702      43 837          8%
    Contact Learning         6 269       5 921       5 662       5 807        6 322       7 041         11%
    Total                   31 414      35 040      39 167      42 874       47 024      50 878          8%
    MADE UP AS
    FOLLOWS:
    % Distance Learning        80%         83%        85%         86%           87%         86%
    % Contact Learning         20%         17%        15%         14%           13%         14%

 * These numbers are subject to change based on headcount as at 30 June 2025.

•     Overall growth in student numbers of 8% is satisfactory considering the challenging South African
      landscape
•     Distance learning student numbers continue to show steady growth at 8% per annum with a second
      semester intake under way
•     An overall 11% growth in contact learning student numbers is extremely positive
•     STADIO Higher Education's contact learning strategy is working, with total contact learning student
      numbers up 23%

      STADIO Durbanville comprehensive campus update

      The construction of the STADIO Durbanville comprehensive campus is on track to open for new
      students in 2026. The Board has approved building phase 2 earlier than initially planned. The total
      spend for phase 1 and phase 2 is estimated to be R325 million and will increase capacity to more
      than 6 000 students. Phase 2 is expected to be completed in August 2026.

AGM

The AGM will be conducted as a hybrid meeting, held in-person at Workshop17, Watershed, 17 Dock
Road, V&A Waterfront, Cape Town, 8002 (the venue), and via electronic communication, at 10:00
today, Thursday, 19 June 2025. To attend in-person, please arrive at the venue by 9:45am to allow
time for registration. To join the AGM virtually, please click on the link sent to you by Computershare
or alternatively, you can attend as a guest by clicking on the following link www.meetnow.global/za and
clicking on the STADIO Holdings logo, 30 minutes before the start of the meeting. Click on "Join
meeting now" and select the "Guest" tab. Shareholders who registered to attend can select the
"Invitation" tab and input their participant details to login.

The Company looks forward to hosting you.

Durbanville
19 June 2025

Sponsor
PSG Capital

Date: 19-06-2025 08:45:00
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