Adcorp Holdings Limited approved and declared special gross dividend of 91,3 cents per ordinary share (2022: Nil), which special dividend is subject to the required South African Reserve Bank ("SARB") approval being obtained for the declaration of same. The dividends are subject to a South African dividend withholding tax rate of 20%, resulting in a net special dividend of 73,04 cents per ordinary share (2022: Nil), unless the shareholder is exempt
from paying dividend tax or is entitled to a reduced rate of dividend tax in terms of an applicable double-taxation agreement.