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 entirely by electronic communication today, 19 June 2024, at
10:00 am.

The presentation relating to the voluntary business update will be available on the STADIO Group
website (www.stadio.co.za) from 10:00 am. The salient points of the presentation are outlined below:

1.    An overview of 2023
2.    An update on the strategy implementation to date
3.    An overview of the STADIO Group's growth strategy
4.    An overview of 2024 semester one student numbers for the period to June 2024, the details of
      which are set out below:

    MODE OF LEARNING             30 June      30 June      30 June      30 June       June    2024
    DELIVERY                        2020         2021         2022         2023      2024 * Growth
    Distance Learning             25 145       29 119      33 505       37 067      40 017     8%
    Contact Learning               6 269        5 921       5 662        5 807       6 283     8%
    Total                         31 414       35 040      39 167       42 874      46 300     8%
    MADE UP AS FOLLOWS:
    % Distance Learning              80%          83%         85%          86%         86%
    % Contact Learning               20%          17%         15%          14%         14%

 * These numbers are subject to change based on headcount as at 30 June 2024.

•    Overall growth in student numbers of 8% is satisfactory considering the tough economic
     environment.
•    Excluding the Milpark Education B2B business, growth in total student numbers is 15% and
     distance learning student numbers is 16%.
•    Distance learning student numbers continue to show steady growth at 8% per annum with a second
     semester intake under way.
•    An overall 8% growth in contact learning student numbers is positive, especially considering the
     lower contact learning student numbers in the past two years which negatively impacts the returning
     student numbers in the current year.
•    STADIO Higher Education's contact learning strategy is working, with total contact learning student
     numbers up 16% and new contact learning students up 14%.
•    STADIO Centurion comprehensive campus saw 52% growth in students, confirming the decision
     to begin construction of the STADIO Group's second comprehensive campus in Durbanville.
•    Construction will commence in the second half of the year and is expected to be funded 50%
     through long-term debt and 50% through cash reserves.
AGM

The AGM will be held electronically today at 10:00 am. You can join the AGM 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 2024

Sponsor
PSG Capital

Date: 19-06-2024 09:00:00
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