Repurchase of Additional Shares and Waiver of Mandatory Offer AFRICAN MEDIA ENTERTAINMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number 1926/008797/06) Share code: AME ISIN: ZAE000055802 ("the company") REPURCHASE OF ADDITIONAL SHARES AND WAIVER OF MANDATORY OFFER Shareholders are advised that: 1. on 19 June 2015 the company repurchased 9 200 ordinary shares (0,1% of the issued share capital), which shares were automatically cancelled upon repurchase and an application for de-listing of the shares will in due course be lodged with the Johannesburg Stock Exchange; 2. at the Annual General Meeting of the company held on 29 August 2014, an ordinary resolution was approved by independent shareholders waiving the obligation on Moolman & Coburn Partnership ("the Partnership") and parties acting in concert with the Partnership, which at that time held 2 854 333 ordinary shares (34,98% of the issued share capital excluding treasury shares), to make a mandatory offer to the other shareholders in the event that a repurchase of shares by the company resulted in the shareholding of the Partnership and parties acting in concert with the Partnership breaching the 35% level at which a mandatory offer would in the normal course have been required. No offer will therefore be made to other shareholders; and 3. the Partnership and parties acting in concert with the Partnership now hold 35,02% of the issued share capital (excluding treasury shares) of the company. By order of the board Johannesburg 24 June 2015 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 24/06/2015 10:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.