Dealings in Shares by a Subsidiary in Respect of the Adcorp Share Incentive Scheme ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR & ISIN: ZAE000000139 ("Adcorp" or "the Group") DEALINGS IN SHARES BY A SUBSIDIARY IN RESPECT OF THE ADCORP SHARE INCENTIVE SCHEME In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the dealing in securities is disclosed: NAME OF SUBSIDIARY Torque Technical Computer Training (Pty) Ltd HOLDING COMPANY Adcorp Holdings Limited STATUS Wholly owned subsidiary TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Purchase of shares by a subsidiary of the Company to enable it to satisfy certain obligations in terms of the Adcorp Holdings Share Inventive Scheme (on-market transaction) DATE OF TRANSACTION 07 July 2021 PRICE PER SECURITY 1. 1 443 @ R5.85 2. 81 @ R5.86 3. 10 408 @ R5.87 4. 14 270 @ R5.89 5. 238 798 @ R5.90 NUMBER OF SECURITIES TRANSACTED 265 000 TOTAL RAND VALUE OF SECURITIES R1 562 969.67 TRANSACTED Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Johannesburg 08 July 2021 Sponsor PSG Capital Date: 08-07-2021 03:30:00 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.