Bid Corporation Limited

(Incorporated in the Republic of South Africa) Registration number: 1995/008615/06 Share Code: BID

ISIN ZAE 000216537

("Bidcorp" or "the company")

DISCLOSURE OF SIGNIFICANT HOLDING OF BIDCORP ORDINARY SHARES

In compliance with Section 122(3) (b) of the Companies Act, 2008 (Act 71 of 2008), as amended ("Companies Act") and paragraph 3.83(b) of the Listings Requirements of the JSE Limited ("JSE"), shareholders are advised that on Monday, March 21st 2022, Bidcorp received a notification in terms of section 122(1) of the Companies Act that J.P. Morgan Chase & Co. ("JPMorgan") has acquired a beneficial interest in the securities of the company, such that their entire beneficial interest amounts to 10,17% of the total number of securities in issue (previously held 8,71% of the total number of securities in issue as at February 25th 2022).

As required in terms of section 122(3) (a) of the Companies Act, Bidcorp has filed the required notice with the Takeover Regulation Panel ("TRP").

Date: March 22 2022

Johannesburg

Sponsor:

The Standard Bank of South Africa Limited

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Bid Corporation Ltd. published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 11:51:04 UTC.