MULTICHOICE GROUP LIMITED - Update to Schedule 13 director declaration

Update to Schedule 13 director declaration

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


UPDATE TO SCHEDULE 13 DIRECTOR DECLARATION

In compliance with paragraph 3.60 of the JSE Listings Requirements, shareholders are advised that Ms
Louisa Stephens, an independent non-executive director of the Company, has informed the Company
that Tongaat Hulett Limited (Tongaat), another company of which she is a director, has commenced
with voluntary business rescue proceedings. Item 16 of Ms Louisa Stephen's Schedule 13 director's
declaration has been updated accordingly.

Randburg
1 November 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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.

Date: 01-11-2022 05:00:00
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