MULTICHOICE GROUP LIMITED - Intragroup Transfer of Securities by Trust

Intragroup Transfer of Securities by Trust

MULTICHOICE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2018/473845/06)
JSE and A2X Share code: MCG
ISIN: ZAE000265971
("MultiChoice" and "MCG")


INTRAGROUP TRANSFER OF SECURITIES BY TRUST


In compliance with the JSE Limited Listings Requirements, the following information relating to an
intragroup transfer in securities by the M-Net Share Trust to Electronic Media Network (Pty) Ltd is
disclosed:

Trust (Transferor)                      :   M-Net Share Trust
Company (Transferee)                    :   Electronic Media Network (Pty) Ltd
Date of transaction                     :   27 June 2025
Nature of transaction                   :   Off market share transfer of shares from a historical employee
                                            share scheme, M-Net Share Trust, to the trust's founder,
                                            Electronic Media Network (Pty) Ltd ("EMN"), in accordance
                                            with article 9.2 of the trust deed.
Number of securities                    :   1 111
Class of securities                     :   Ordinary shares
Transaction price per share             :   R117.01
Value of the transaction                :   R129 998.11
Clearance obtained                      :   Yes
Nature of interest                      :   Direct, non- beneficial

On settlement of the transaction, the MCG Shares will remain part of the authorised and issued share
capital of MultiChoice and will be held as treasury shares by EMN. Following the transaction, MCG will
hold 12 152 393 treasury shares.

Randburg
1 July 2025

Sponsor
Merchantec Capital

Important notice

Shareholders should take note that, pursuant to a provision of the MultiChoice memorandum of
incorporation, MultiChoice is permitted to reduce the voting rights of shares in MultiChoice
(including MultiChoice shares deposited in terms of the American Depositary Share ("ADS") facility)
so that the aggregate voting power of MultiChoice shares that are presumptively owned or held by
foreigners to South Africa (as envisaged in the MultiChoice memorandum of incorporation) will not
exceed 20% of the total voting power in MultiChoice. This is to ensure compliance with certain
statutory requirements applicable to South Africa. For this purpose, MultiChoice will presume in
particular that:

       •       all MultiChoice shares deposited in terms of the MultiChoice ADS facility are owned
               or held by foreigners to South Africa, regardless of the actual nationality of the
               MultiChoice ADS holder; and

       •       all shareholders with an address outside of South Africa on the register of
               MultiChoice will be deemed to be foreigners to South Africa, irrespective of their
               actual nationality or domicilium, unless such shareholder can provide proof, to the
               satisfaction of the MultiChoice board, that it should not be deemed to be a foreigner
               to South Africa, as envisaged in article 40.1.3 of the MultiChoice memorandum of
               incorporation.

Shareholders are referred to the provisions of the MultiChoice memorandum of incorporation
available at www.multichoice.com for further detail. If shareholders are in any doubt as to what
action to take, they should seek advice from their broker, attorney or other professional adviser.

Shareholders are further referred to ruling issued by the Takeover Regulation Panel on 27 February
2024, which ruling deals with the MultiChoice memorandum of incorporation. Shareholders can
access the ruling on the Company's website at
https://www.investors.multichoice.com/regulatory.php.

Date: 01-07-2025 05:30:00
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