Unaudited consolidated condensed interim results and cash dividend for the six months ended 30 September 2019 eMedia Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1968/011249/06) Ordinary shares (share code: EMH - IZIN: ZAE000208898) N ordinary shares (share code: EMN - IZIN: ZAE000209524) (eMedia Holdings or the company or the group) UNAUDITED CONSOLIDATED CONDENSED INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2019 2019 2018 % R000's R000's* movement Revenue 1 231 123 1 154 858 6,6% Operating Profit 147 418 82 973 77,7% Net asset value per share (cents) 1 044 1 030 1,4% Basic Earnings per Share (cents) 14,80 2,55 480,4% Headline Earnings per Share (cents) 15,44 3,34 362,3% Dividends per share (cents) 10 - - Total number of shares in issue 445 738 445 738 * Restated for discontinued operations The directors of eMedia Holdings have resolved to declare an interim cash dividend for the period ended 30 September 2019 of 10 cents per share (2018: Nil). The dividend to shareholders relates to the ordinary shares (share code: EMH) and N ordinary shares (share code: EMN). The dividend has been declared out of income reserves. The dividend will be subject to a local dividend withholding tax at a rate of 20%, which will result in a net interim dividend to those shareholders not exempt from paying dividend withholding tax of 8 cents per ordinary share and 10 cents per ordinary share for those shareholders who are exempt from dividend withholding tax. In terms of dividend withholding tax legislation, any dividend withholding tax amount due will be withheld and paid over to the South African Revenue Service by a nominee company, stockbroker or Central Securities Depository Participant (collectively regulated intermediary) on behalf of shareholders. All shareholders should declare their status to their regulated intermediary as they may qualify for a reduced dividend withholding tax rate or exemption. The salient dates for the payment of the dividend are as follows: Last day to trade cum dividend Tuesday, 10 December 2019 Commence trading ex dividend Wednesday, 11 December 2019 Record date Friday, 13 December 2019 Payment date Tuesday, 17 December 2019 Share certificates may not be dematerialised nor rematerialised between Wednesday, 11 December 2019 and Friday, 13 December 2019, both dates inclusive. eMedia Holdings' tax reference number is 9650/144/71/1. This unaudited short-form announcement is the responsibility of the directors and is only a summary of the information in the full unaudited announcement and does not contain full or complete details. The full unaudited announcement can be found on the Company's website at http://www.emediaholdings.co.za and also at the following link: https://senspdf.jse.co.za/documents/2019/jse/isse/EMNE/Interims.pdf. The full unaudited announcement is available at 5 Summit Road, Dunkeld West, Johannesburg, 2196 and at the offices of the sponsor. For and on behalf of the board Mahomed Khalik Sherrif Antonio Lee Chief Executive Officer Financial director Directors: JA Copelyn* (chairman), K Sherrif (chief executive officer), AS Lee (financial director), TG Govender*, Y Shaik*, VE Mphande*^, L Govender*^, RD Watson*^ *Non-executive ^Independent Company Secretary: HCI Managerial Services Proprietary Limited Registered Office: 5 Summit Road, Dunkeld West, Hyde Park, Johannesburg, 2196, Private Bag X9944, Sandton, 2146 Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, PO Box 61051, Marshalltown, 2107 Auditors: BDO South Africa Incorporated, Wanderers Office Park, 52 Corlett Drive, Illovo, 2196, Private Bag X10046, Sandton, 2146 Date: 21/11/2019 10:40:00 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.