Unaudited Interim Results for the six months ended 30 September 2019 African Media Entertainment Limited Registration number 1926/008797/06 JSE code: AME ISIN number: ZAE 000055802 UNAUDITED AFRICAN MEDIA ENTERTAINMENT INTERIM RESULTS for the six months ended 30 September 2019 African Media Entertainment Limited, a broadcast company listed in the Media and Entertainment sector of the Johannesburg Stock Exchange, with a radio footprint across central South Africa and the Eastern Cape, released its results for the six months ended 30 September 2019. - Revenue down -2% at R131,4 million - Profit after tax down -142% to -R6,4 million - EPS down -149% to -82,5 cents - HEPS down -35% to 109,0 cents - Dividend: Nil (prior year: 80 cents gross) The 149% decline in earnings per share from 168,4 cents to -82,5 cents is mainly as a result of the deconsolidation of Classic FM South Africa (Pty) Ltd from the group and the resultant loss incurred from the deemed disposal. The 35% decrease in headline earnings per share from 168,5 cents to 109,0 cents ignores the loss incurred from the disposal and reflects the tough economic climate. This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full announcement was released on SENS on 22 November 2019, and can be found on the company's website at www.ame.co.za. Copies of the full announcement may also be requested at the company's registered office, at no charge, during office hours. Any investment decision should be based on the full announcement published on SENS and on the company's website. In line with the company's dividend policy, African Media Entertainment Limited has not declared an interim dividend. https://senspdf.jse.co.za/documents/2019/jse/isse/ame/ameir2019.pdf ACG Molusi AJ Isbister Independent Non-executive Chairman Financial executive 22 November 2019 Directors Independent non-executive directors ACG Molusi (Chairman) J Edwards MJ Prinsloo N Sooka KW Thipe Executive directors DM Tiltmann (Chief Executive) AJ Isbister (Financial executive) Company secretary C Roberts Registered office Block A, Oxford Office Park No. 5 8th Street Houghton Estate Johannesburg 2198 (PO Box 3014, Houghton, 2041) Sponsor Arbor Capital Sponsors (Pty) Limited Transfer secretary Computershare Investor Services (Pty) Limited www.ame.co.za Date: 22/11/2019 02:34:00 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.