Adcock Ingram : Further trading statement

Adcock Ingram Holdings Limited

Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436

("Adcock Ingram" or "the Company")

FURTHER TRADING STATEMENT

In terms of the JSE Limited ("JSE") Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period.

In the trading statement released on SENS on 15 July 2022 ('Trading Statement'), shareholders were advised that the Company expected to report an improvement in basic and headline earnings per share of at least 20% for the year ended 30 June 2022. At the date of the aforesaid Trading Statement, the Company did not have reasonable certainty on the Group's earnings, to enable the Company to provide specific guidance on the range of basic earnings and/or headline earnings per share.

Adcock Ingram is currently finalising its results for the year ended 30 June 2022, which are expected to be released on SENS on or about 25 August 2022. In this regard, shareholders are advised that earnings per share (EPS) is expected to be between 492 and 495 cents per share, (June 2021: 396.3 cents), representing an increase of between 24.0% and 25.0%. Headline earnings per share (HEPS), is expected to be between 500 cents and 502 cents per share (June 2021: 404.7 cents), representing an increase of between 23.5% and 24.0%.

The financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.

Midrand

18 August 2022

Sponsor

RAND MERCHANT BANK (a division of FirstRand Bank Limited)